In October 2025, the total public and guaranteed debt of Ukraine increased by 252 billion UAH, reaching 8,276.2 billion UAH. This was reported by the Ministry of Finance of Ukraine.

As of October 31, 2025, the external debt amounted to 6,090.87 billion UAH, accounting for 73.6% of the total debt, or 145.12 billion USD. The internal debt reached 1,899.14 billion UAH (22.9%), equivalent to 45.25 billion USD, while the guaranteed debt totaled 286.2 billion UAH (3.4%), or 6.8 billion USD.

The main reason for the increase in debt was the rise in external obligations, particularly due to funding received from international partners. In October, Ukraine received a loan from the European Union amounting to 4 billion euros under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative. The repayment of this loan will be carried out from sources unrelated to the state budget, including revenues from frozen Russian assets.

Additionally, Ukraine received 280 million USD from the World Bank under the SURGE project and 30 million USD under the THRIVE project. A loan of 100 million euros was also obtained from the Council of Europe Development Bank to support internally displaced persons.

It is noted that the guaranteed state debt decreased by 5.6 billion UAH in October, specifically the external guaranteed debt declined by 2.76 billion UAH to 208 billion UAH, while the internal guaranteed debt decreased by 2.87 billion UAH to 78.2 billion UAH.

Regarding the creditors' structure, the majority of public debt consists of concessional loans from international financial organizations and foreign governments, amounting to 65.2%. Issued securities on the domestic market account for 23.7%, while the share of issued securities on the external market is 8%, and loans from commercial banks and other financial institutions make up about 3.1%.

From January to October 2025, the Ministry of Finance conducted 137 auctions for the placement of domestic government bonds, raising 473.1 billion UAH, along with one switch auction totaling 15.5 billion UAH, which helped reduce short-term budget pressures. The refinancing level for market government bonds is 112%: in UAH - 112%, in USD - 84%, in EUR - 87%.