As of December 31, 2008, a public debt of Ukraine made 130,686,954,38 thousand hryvnias or 16,972,331,74 thousand dollars. About it it is spoken in the message of the Ministry of Finance of Ukraine.
According to information, the debt of Ukraine state and guaranteed by the state made 189,407,691,82 thousand hryvnias or 24,598,401,53 thousand dollars, the external debt state and guaranteed by the state - 142,740,177,98 thousand hryvnias (75,36% of total amount of the debt state and guaranteed by the state) or 18,537,685,44 thousand dollars, the internal debt state and guaranteed by the state - 46,667,513,84 thousand hryvnias. (24,64%) or 6,060,716,09 thousand dollars.
Article 10 of the Law of Ukraine "About the State budget of Ukraine for 2008 and about modification of some acts of Ukraine" established the limit size of a public debt of Ukraine in the sum of 89,138,062,3 thousand hryvnias which according to articles 841 and 842 increases by the sum of the carried-out placements of bonds of a domestic state loan for increase in authorized capital of banks at the sum of 17,470,000,0 thousand hryvnias and for replenishment of stabilization fund for the sum of 5,902,395,0 thousand hryvnias. also makes 112,510,457,3 thousand hryvnias.
Excess of the actual volume of a national debt over the limit made 18,176,497,08 thousand hryvnias and is caused by the prompt growth of rates of foreign currencies: so for the beginning of 2008 the official rate made 5,05 hryvnias for dollar, and for 31.12.2008 - 7,7 hryvnias for dollar. Such falling of national currency caused by negative influence of world financial crisis, wasn't provided by the state budget which indicators are calculated proceeding from an expected rate of 5,1 hryvnias for dollar.
For 2008 the sum of the debt of Ukraine state and guaranteed by the state increased in a hryvnia equivalent by 100,662,950,01 thousand hryvnias (113,43%) generally due to issue of bonds of a domestic state loan for increase in authorized capitals of banks (for the sum of 17,5 billion hryvnias or 17,4% growth of volume of a debt) and for replenishment of stabilization fund (for the sum of 5,9 billion hryvnias or 5,9%), receiving the first tranche of a loan of the International Monetary Fund (for the sum of 33,2 billion hryvnias or 33,0%) and the prompt growth of rates of foreign currencies to hryvnia (for the sum of 38,8 billion hryvnias or 38,5%).
We will remind, earlier the prime minister - the minister Yulia Timoshenko declared that at Ukraine one of the smallest in the world a public debt - 11% of gross domestic product while other countries - 70-80%, at Japan have 110% of gross domestic product. "Therefore the default doesn't threaten Ukraine", - the head of the government emphasized.