budget deficit

Russia's nine-month budget deficit exceeds full-year plan by 37% at $61B

Russia's federal budget deficit already reached 5.2 trillion rubles ($61.08B), or 2.2% of gross domestic product (GDP), overshooting the Kremlin’s original full-year target by 37%, Foreign Intelligence Service of Ukraine (FIS) reported on Oct. 18.

19 October, 11:08 AM

Von der Leyen: Ukraine faces $82 billion funding gap in 2027

Ukraine’s international partners will have to help cover the EUR70 billion ($82 billion) budget gap Kyiv faces in 2027, European Commission President Ursula von der Leyen said on Oct. 16.

16 October, 11:45 PM

Defense Ministry cancels $378 million in procurement contracts

Ukraine’s Defense Ministry, General Staff, and Logistics Forces Command have freed up UAH15.6 billion ($378 million) for the military’s current needs by terminating some contracts with manufacturers and canceling planned purchases, the ministry announced on Oct. 6.

7 October, 02:19 AM

Russia plans to raise over $12 billion from bank deposit tax as war costs mount

Russia’s government plans to sharply increase revenue from taxes on Russians’ bank deposits as it seeks to reduce a budget deficit while directing roughly one-third of federal spending to the military, The Moscow Times reported on Oct. 2.

2 October, 07:05 PM

EBRD sees mounting pressure on Ukraine’s economic growth

The European Bank for Reconstruction and Development sees greater risks of a further downgrade to Ukraine’s economic growth outlook than prospects for an improvement, EBRD President Odile Renaud-Basso told Interfax-Ukraine on Oct. 2.

2 October, 04:20 PM

Russian finance ministry cancels OFZ bond auction as buyers boycott war budget

Russian Ministry of Finance was forced to declare an auction of federal loan bonds (OFZ) maturing in 2030 null and void due to a complete absence of buyers after news of record surges in state military spending, The Moscow Times wrote on Sept. 30.

1 October, 12:28 PM

Ukraine seeks $78.1B extra funding for 2027, triggering difficult EU debate — Le Monde

Ukraine will need to secure $78.1 billion (€69 billion) in supplementary international funding in 2027 to cover critical military and state budget requirements, sparking complex consultations across European capitals, Le Monde wrote on Sept. 30.

1 October, 08:30 AM

Ukraine could miss $29.5 billion unless commitments are met, PM says

Ukraine could fall $29.5 billion short of the international financing included in this year’s state budget unless it fulfills a series of commitments to Western partners, Prime Minister Serhiy Koretskyi told journalists, including an NV correspondent.

30 September, 01:51 PM

Ukraine faces $27 billion war funding gap as government turns to austerity

Ukraine’s total war-related funding needs this year amount to $155 billion, of which $27 billion remains unfunded, Prime Minister Serhiy Koretskyi told reporters, according to an NV correspondent.

30 September, 12:08 PM

Lawmaker links Ukraine’s $27 billion defense shortfall to underfunding

Ukrainian lawmaker Serhiy Rakhmanin, a member of parliament’s National Security, Defense and Intelligence Committee, told Radio NV that Ukraine’s $27 billion defense budget gap stems more from underfunding than from debt.

30 September, 12:00 PM

IMF: Ukraine faces $54 billion funding gap by 2029

The International Monetary Fund (IMF) estimates that Kyiv will face a funding gap of $30 billion to $35 billion in 2027, followed by $17 billion in 2028, and $2 billion in 2029, Bloomberg reported on Sept. 29, citing sources.

30 September, 01:36 AM

Cabinet pauses construction funding to cover other expenses

As Ukraine’s state budget continues to suffer from a substantial deficit, the Cabinet of Minister has deprioritized certain state expenditures in favor of critical programs, Ukrainian PM Sergii Koretskyi announced on Sept. 28.

29 September, 01:26 AM

Zelenskyy’s meeting with Von der Leyen 'grew tense' over funding and slow reforms

Disagreements over funding and the slow pace of legislative reforms in Ukraine’s parliament led to a “tense” meeting in New York between Ukrainian President Volodymyr Zelenskyy and European Commission President Ursula von der Leyen, Bloomberg reported on September 23, citing a source familiar with the matter.

23 September, 11:54 AM

Budget deficit jeopardizes winter preparations, MP warns

The construction of protective shelters around key energy infrastructure facilities is being throttled due to a lack of funding, Ukrainian MP Yaroslav Zhelezniak told NV on Sept. 21.

22 September, 01:34 AM

Autostrada reveals UAH 15 billion debt that forced it to halt work

Ukraine owes Autostrada about UAH 15 billion ($360 million) for completed work, while the company hopes funding for key projects will resume, founder Maksym Shkil told Interfax-Ukraine on Sept. 21.

21 September, 01:53 PM

Ukraine’s parliament begins 26-day recess as lawmaker cites financial crisis

Ukraine’s Verkhovna Rada has begun a 26-day recess, with lawmakers holding no plenary sessions from Sept. 17 through Oct. 13, Holos party lawmaker Yaroslav Zheleznyak said.

19 September, 04:20 PM

Prime minister's briefing on budget deficit leaves Zelenskyy stunned

President Volodymyr Zelenskyy was stunned by the magnitude of Ukraine's budget deficit following a briefing by Prime Minister Serhii Koretskyi, NV sister outlet Ukrainska Pravda (UP) wrote on Sept. 3.

3 September, 01:40 PM

State budget falls $690 million short of eight-month revenue plan

Ukraine’s state budget received UAH 33.1 billion ($690 million) less revenue than planned in January-August 2026, while lawmakers are warning that further shortfalls in international financing could force sharp spending cuts.

2 September, 12:30 PM

Estonian intelligence chief says Russia could collapse rapidly

Estonian Foreign Intelligence Service chief Kaupo Rosin said discontent with the Kremlin's war against Ukraine is growing in Russia, warning that if the country collapses, "it will happen very quickly" on Aug. 29.

29 August, 09:44 PM

Putin orders more aid as Russian regional finances deteriorate

Russian leader Vladimir Putin has ordered the government to provide additional support to the country’s regions as their financial position deteriorates, with further debt write-offs and repayment deferrals set to become the main tools, The Moscow Times reported.

21 August, 04:55 PM

budget deficit

1
2
3