Ukrainian Ministry of Finance Doubles Domestic Borrowing in One Month: Key Indicators and Their Impact on the Economy
The Ministry of Finance of Ukraine recorded a significant increase in domestic borrowing in the past month through the issuance of government internal bonds (OVDP).
Since July, the country’s budget has received over 72 billion hryvnias, doubling the figure from June, which amounted to approximately 37 billion hryvnias.
This surge in financial inflows aims to bolster the nation’s defense capacity during a challenging period of aggression.
According to the ministry's press service, the weighted average yield on new hryvnia-denominated OVDPs in July was 16.18%, providing insight into the country’s debt management policies.Currently, the total outstanding government debt securities amount to more than 1.86 trillion hryvnias.
The majority of holdings are held by commercial banks — 47.2%, the National Bank of Ukraine — 36%, legal entities — 9.7%, citizens — 5%, with minorities held by non-residents, insurance companies, and territorial communities.
Over the past year, the portfolios of legal entities and individuals have grown by roughly 28%.
As of August 1, citizens hold OVDPs worth more than 92.8 billion hryvnias, while companies possess securities totaling 181.4 billion hryvnias.Since the beginning of 2025, the Ministry of Finance has attracted about 312 billion hryvnias on the domestic market, with total issues since the full-scale invasion in February 2022 exceeding the equivalent of 1.77 trillion hryvnias.
These figures demonstrate a vigorous strategy to mobilize financial resources to support Ukraine’s economy and defense efforts during wartime.