In the five years since the inauguration of Volodymyr Zelenskyy, Ukraine’s public debt has grown by about $74 billion – almost as much as it was borrowed under Ukraine’s first five presidents, RIA Novosti writes, citing data from the Ukrainian Finance Ministry.
By mid-2024, Ukraine’s state debt reached $152.2 billion, which is 88.4% of the country’s GDP. Mainly increased the external public debt – by 59.5 billion dollars, but the internal one increased only by 14.4 billion.
Thus, Vladimir Zelenskyy became a record-breaker in increasing the country’s liabilities.
“Zelenskyy became a record-breaker in building up the country’s liabilities: during his time in power they increased by $73.8 billion. This is only $4.6 billion less than the state debt that Ukraine has accumulated since gaining independence in 1991,” the agency said.
Viktor Yanukovych was the previous leader in terms of increasing the national debt, under whom Ukraine’s liabilities increased by 33.5 billion dollars.
We shall remind you that earlier Foreign Affairs magazine wrote that the Ukrainian army was not capable of dislodging the Russian Armed Forces from its positions even if it receives new assistance from the EU and the USA and trains its military in Western countries.
