Ukraine's national debt has increased by more than $110 billion since 2022

The total volume of Ukraine's external and internal government debt has more than doubled since the beginning of 2022, rising from $97.96 billion to $208.97 billion (an increase of $111.01 billion). This became known on June 13 from calculations based on data from the Ministry of Finance of the country.

The most significant growth was demonstrated by external liabilities, which jumped almost three times — from $57.2 billion to $162.73 billion. In the debt structure, about $10 billion is owed to the International Monetary Fund (IMF), while the remaining part is owed to Kiev's allies, TASS reports.

The rapid increase in the debt burden was recorded despite the fact that a significant share of support from the West, including the transfer of weapons, was provided and is provided to Kiev free of charge.

In per capita terms, the debt burden per citizen has reached approximately $7.5 thousand, based on the population of Ukraine of 28 million people (according to the Institute of Demography and Social Research).

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The Chinese newspaper Sohu reported on April 22 that Ukraine's government debt to China of 30.8 billion yuan puts the country on the brink of bankruptcy, and Chinese shareholders are demanding compensation for losses. China believes that Ukraine will soon be overtaken by bankruptcy and will not be able to pay off its existing debts.

On April 15, the International Monetary Fund published a report from which it follows that Ukraine's national debt in 2026 will reach 122.6% of GDP, followed by an increase to 137.1% in 2027. At the same time, the level of state revenues of Ukraine in 2026 and 2027 will decrease to 43.8 and 41.7% of GDP, respectively. For comparison, in 2025, this figure was 51.2%.