budget deficit

Ukraine needs $6B to close weapons production gap — Denys Shmyhal

Ukraine needs $6 billion to close its weapons production gap by the end of 2025, Ukrainian Defense Minister Denys Shmyhal said during a Ramstein-format meeting on July 21.

22 July 2025, 02:42 AM

Moscow’s rainy-day fund drops to $35B, lowest since 2008

Russia’s National Wealth Fund, the country’s key rainy-day reserve, saw its liquid assets shrink by 14% in May 2025 as war spending surged and global oil prices dropped, Bloomberg reported on June 4.

4 June 2025, 04:15 PM

Falling oil prices triple Russia’s budget deficit

Projected Russian federal budget deficit for 2025 has more than tripled—from RUB1.17 trillion ($15 billion) to RUB3.8 trillion ($48 billion)—chiefly because of low oil prices and Western sanctions, Ukrainian presidential representative on sanctions policy Vladyslav Vlasiuk said on May 29.

29 May 2025, 11:39 PM

Russia’s economy faces deeper struggles despite Putin’s claims - ISW

The Russian government is running an information campaign to create a false perception of economic stability, despite mounting macroeconomic problems exacerbated by war-related expenses, the Institute for the Study of War (ISW) reported on Jan. 22.

23 January 2025, 07:58 AM

Ukraine secures $20 billion loan from U.S. under G7 aid plan

The Ukrainian government has approved the terms of a conditional agreement with the U.S. Federal Financing Bank (FFB) for a 40-year loan of up to $20 billion, as part of the previously agreed G7 initiative to allocate $50 billion to Ukraine using revenue from frozen Russian assets, according to a Cabinet of Ministers resolution dated Dec. 6.

10 December 2024, 05:38 AM

IMF drastically lowers Ukraine’s current account deficit forecast

The International Monetary Fund (IMF) expects Ukraine's current account deficit to increase from 5.4% of GDP in 2023 to 8.1% in 2024 and 14.3% in 2025, Interfax-Ukraine reported on Oct. 23.

23 October 2024, 10:15 AM

French aid to Ukraine falls short due to budgetary constraints

France will not be able to provide Ukraine with the EUR 3 billion ($3.27 billion) in aid promised for 2024 due to a substantial national budget deficit, Defense Minister Sébastien Lecornu announced on Oct. 15.

15 October 2024, 09:07 PM

Ukraine faces $15 billion shortfall for civilian needs in 2025 state budget — Shmyhal

Ukraine’s 2025 state budget is short by $35 billion to cover civilian expenses, Prime Minister Denys Shmyhal announced on Aug. 27 during the Ukraine 2024: Independence forum.

27 August 2024, 03:09 PM

Ukraine's 2025 budget faces $15billion shortfall for civil needs, says Prime Minister Denys Shmyhal

Ukraine is facing a $35 billion shortfall in its 2025 state budget for civilian expenses, Prime Minister Denys Shmyhal said at the Ukraine 2024 Independence forum on Aug. 27.

27 August 2024, 03:09 PM

Ukraine's financial stability hinges on international partners support, NBU Chair says

Ukraine works with international partners to secure $31 bln and $21 bln in financing for 2025 and 2026, respectively, amid its financial prospects uncertainty, NBU Chair Andriy Pyshniy wrote in his column for Ukrinform agency, published on Aug. 8.

8 August 2024, 01:18 PM

Ukraine’s July tax revenues continue to decline, Finance Ministry says

The general fund of the state budget received UAH 120.3 billion (almost $3 billion) in taxes, fees and mandatory payments in July, which is UAH 18 billion ($440 million) less than in June and UAH 31 billion ($750 million) less than in May, Ukraine’s Finance Ministry reported on July 31.

1 August 2024, 01:36 PM

Ukraine’s budget short $5 billion for weapons procurement – Finance Minister

Regardless of unblocked US aid package covering social and humanitarian expenses, Ukraine State budget still lacks $5 billion needed to purchase weapons, Ukrainian Finance Minister Serhii Marchenko said in an interview with Hromadske Radio published on May 22.

23 May 2024, 02:26 PM

Ukraine needs $42 billion in foreign aid this year — IMF

Ukraine will require $42 billion in foreign aid this year because of Russia's ramped-up war of aggression, said International Monetary Fund (IMF) Managing Director, Kristalina Georgieva, Reuters reported.

19 April 2024, 11:49 AM

Ukraine needs $37 billion from partners to cover budget deficit, $10 billion urgently – FM

Ukraine needs around $37.3 billion in external financing to cover its budget deficit for the current year, including $9.5 billion for urgent recovery needs, the Ukrainian Finance Ministry stated in press release on March 6.

7 March 2024, 08:25 AM

budget deficit

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