Citizens and businesses have been buying more domestic government bonds this year, while communities have been buying less
15 November 2024 12:07
The purchase of domestic government bonds, including military bonds, and EU funds are the main sources of financing for the state budget for 2024. This is a reminder from the Ministry of Finance of Ukraine, "Komersant Ukrainian" reports.
While the EU’s contribution is $13.047 billion, the purchase of government bonds brought the budget $12.917 billion. The state budget was also replenished with loans from international financial organizations, as well as loans and grants provided by foreign partner states.
The Ministry of Finance traditionally emphasizes the importance of purchases of domestic government bonds for the budget.
The ministry states that since the beginning of this year, citizens and businesses have increased their investments in domestic government bonds by more than UAH 45 billion, by UAH 17.3 billion and UAH 28.2 billion respectively. At the same time, since the beginning of the year, territorial communities have reduced the volume of their domestic government bonds portfolio by 2.5 times – from UAH 2 billion to UAH 0.8 billion.
October of this year was a record month in terms of the amount raised by the Ministry of Finance from the issue of government bonds – UAH 106.9 billion in equivalent.
Military bonds accounted for almost UAH 82.8 billion of the total amount of government bonds issued in October 2024.
As of the beginning of November, there were UAH 1.76 trillion worth of domestic government bonds in circulation.
The Ministry of Finance reminds that internal revenues and domestic government bonds are two important tools for financing the Armed Forces. They also call for investments in military government bonds.
