By the end of 2024, Ukraine’s public debt amounted to 92% of its gross domestic product (GDP), that is 7 trillion hryvnias ($165.1 billion), Ukrainian Forbes reported.
Ukraine’s public debt in 2021 was 49% of its GDP, in 2023 – 84% of GDP or 5.5 trillion hryvnia ($129.7 billion). According to the newspaper, this trend is due to ‘a significant increase in the volume of domestic borrowings from residents and external borrowings from foreign creditors’, as well as the fall of the hryvnya exchange rate.
In the law on the country’s budget for 2025, Volodymyr Zelenskyy planned spending of 3.6 trillion hryvnyas ($86.6bn). According to Ukrainian Prime Minister Denys Shmygal, the main item of expenditure – financing of the AFU, procurement and production of weapons and equipment, is 2.23 trillion hryvnia ($53.6bn).
We shall remind you that earlier the office of the inspector General of the Pentagon said that the main obstacle to Ukraine’s accession to NATO and the European Union is corruption. The office said that corruption hinders the country’s recovery and the attraction of foreign capital to it
