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Ukraine's gross foreign debt decreased by 1.2% in January-March 2016

Ukraine's gross foreign debt decreased by 1.2% in January-March 2016Ukraine's gross foreign debt in January-March 2016 shrank by 1.2%, or $1.37 billion, to $117.36 billion.

Borrowings in the public sector grew by 2.4%, or $0.85 billion, to $36.81 billion, while the National Bank's borrowings fell by 5.1%, $0.34 billion, to $6.708 billion, and those of other depository corporations by 13.2%, or $1.7 billion, to $11.13 billion, the website of the National Bank of Ukraine (NBU) said on Thursday.

Other sectors of the economy also managed to reduce their foreign liabilities by 0.4%, or $0.2 billion, to $54.48 billion, although their overdue debts increased by 6.1%, or $0.73 billion, $12.77 billion.

Read also: Ukraine's foreign trade deficit in January-March amounted to $ 89m

The NBU also added that the intercompany debt of enterprises involved in direct investment increased by 0.3%, $0.02 billion, to $8.59 billion.

Ukraine's gross foreign debt decreased by 6% in 2015, or $7.58 billion.
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