budget deficit

Ukraine faces systemic shortage of imported medicines

Ukraine faces a systemic shortage of imported medicines in retail, with some cases posing a real risk of losing certain therapies or leaving patients without therapeutic alternatives, according to industry concerns on Apr. 2.

2 April, 11:49 AM

Ukraine needs $15B for recovery in 2026, only 38% secured — Kuleba

Ukraine’s priority recovery needs for 2026 total $15 billion, with only 38% of the required funding secured so far, Deputy Prime Minister Oleksii Kuleba said at a meeting of the Ukraine Platform Steering Committee, Interfax-Ukraine reported on March 26.

26 March, 11:46 AM

Russia sells gold reserves for first time in 25 years to cover budget gap

Russia is selling physical gold from its central bank reserves for the first time in nearly 25 years to cover a widening federal budget deficit, which has exceeded 15 trillion rubles since 2022 and added another 3.5 trillion in early 2026, The Moscow Times reported on March 24.

24 March, 10:19 AM

Surging global oil prices still fail to rescue Russia's breaking federal budget

Global oil prices rose following the conflict in Iran to their highest level since July 2024, however, this is still insufficient to balance the Russian budget, Reuters wrote on March 3.

4 March, 10:10 AM

Ukraine misses $278 million in January taxes amid attacks

Ukraine fell short by about 12 billion hryvnias ($277.6 million) in customs and tax collections to the general fund in January 2026, primarily due to a drop in VAT caused by damage to the energy sector, Prime Minister Yulia Svyrydenko said on Feb. 16, according to the Ukrinform news agency.

16 February, 05:52 PM

95% of imported roses bypass Ukraine’s customs system — MP

About 95% of imported roses enter Ukraine illegally, leading to over ₴600M ($14M) in lost budget revenue over the past three years, Halyna Yanchenko, Ukraine's MP and Temporary Parliamentary Commission on Investor Rights head, wrote on Oct. 28.

5 December 2025, 11:22 AM

Russian crude exports drop 15–20% amid new U.S. sanctions

Russia’s crude oil production is expected to decrease by 5% by the 2025 end, while exports have already dropped by 15–20% after the bew U.S. sanctions were imposed, Ukraine's Presidential Office press service wrote on Nov. 26.

27 November 2025, 01:23 PM

Ukrainian Railways faces $1.2 billion liquidity gap in 2026

Ukraine's state-owned rail operator Ukrainian Railways faces a liquidity shortfall of 48.8 billion hryvnia ($1.2 billion) to maintain operations in 2026 amid war-related losses, requiring a mix of internal efficiencies, tariff hikes and government subsidies, CEO Oleksandr Pertsovskyi said on Nov. 10, according to news agency Interfax-Ukraine.

10 November 2025, 02:43 PM

Ukraine falls behind on IMF-mandated reforms

As of the end of September, Ukraine has completed only six of the nine structural reform benchmarks mandated by current IMF funding program, according to a report released by the RRR4U consortium on Oct. 3.

4 October 2025, 01:09 AM

Ukraine pegs IMF aid needs up to $170B

Ukraine has preliminarily estimated its external financing needs at $150–170 billion over the course of a new four-year program with the International Monetary Fund (IMF), Finance Minister Serhiy Marchenko said on Sep. 19.

19 September 2025, 01:50 PM

IMF sees massive gap in Ukraine’s funding needs

The International Monetary Fund has concluded that Ukraine may require up to $20 billion more in funding over the next two years than Kyiv now estimates, Bloomberg reported on Sept. 11.

12 September 2025, 09:49 AM

Ukraine faces $40B funding gap after 2025, NBU warns

The National Bank of Ukraine (NBU) predicts a comfortable international financing situation for the country in 2025, but there are concerns regarding a funding gap for 2026-2027, NBU flags aid shortfall: only one-third of Ukraine’s needs secured told the Interfax-Ukraine news agency on Sep. 2.

2 September 2025, 12:55 PM

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

budget deficit

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