state budget

Government submits 2027 budget draft, earmarking nearly 44% of GDP for defense

The Cabinet of Ministers late on Sept. 15 approved a bill on Ukraine’s 2027 state budget prepared by the Finance Ministry.

16 September, 01:28 AM

Ukraine faces $32.6 billion 2027 funding gap, minister warns

Next year, the Ukrainian state budget will be strained more than at any point since 2022, Finance Minister Sergii Marchenko said.

5 September, 12:37 AM

Russia's oil and gas revenue rises sharply in July

Russia's federal budget revenue from oil and gas rose 18.6% in July 2026 compared with July 2025, reaching 934 million rubles ($11.5 million) — also up 36.6% from June — driven by high oil prices and the payment of a windfall profit tax for the second quarter, The Moscow Times reported on Aug. 5.

6 August, 05:20 PM

80% of Russians forced to cut food spending due to war, intel says

Russian economy reorientation toward military needs affect living standards in the country, with most Russians now forced to cut spending on bare necessities, the Foreign Intelligence Service of Ukraine (FIS) reported on June 29.

30 June, 09:32 AM

Zelenskyy signs $35 billion defense spending bill

President Volodymyr Zelenskyy signed a bill amending the 2026 state budget to increase security and defense spending by UAH1.56 trillion ($34.7 billion), the Ukrainian parliament (Verkhovna Rada) announced on June 22.

22 June, 08:48 PM

Parliament unblocks UAH 1.56 trillion defense funding increase

Ukraine's parliament rejected seven motions seeking to block a bill increasing 2026 state budget spending on security and defense by 1.56 trillion hryvnias, clearing the way for Speaker Ruslan Stefanchuk to sign the legislation on June 18.

18 June, 05:37 PM

Kyiv receives another EU tranche under Ukraine Facility – PM Svyrydenko

Ukraine has received the seventh tranche of funding from the European Union under the Ukraine Facility, totaling 2.8 billion euros ($3.2 billion), Prime Minister Yulia Svyrydenko reported on Telegram on June 8.

8 June, 04:46 PM

Ukraine weighs VAT on low-value foreign parcels to support local retailers

Ukraine’s parliamentary tax committee has backed bill No. 15112-1, which would introduce value-added tax on foreign parcels worth less than €150 ($175). The Finance Ministry is now waiting for the bill to be considered by the Verkhovna Rada.

5 May, 01:45 PM

Cabinet authorizes $7.9 billion in additional defense spending

Ukraine’s Cabinet of Ministers has approved changes to the 2025 state budget that will direct an extra UAH324.7 billion ($7.87 billion) to defense spending, Prime Minister Yulia Svyrydenko announced on Oct. 3.

6 October 2025, 10:42 PM

Ukraine includes EUR exchange rate in draft budget for first time

A forecast of the average official exchange rate of the hryvnia against the euro has been included for the first time in Ukraine’s state budget, the Cabinet of Ministers reported on Sep. 15, posting the draft state budget for 2026 (No. 14000) on its website.

16 September 2025, 08:49 AM

Ukraine’s Google tax brings in €76.5M, $85.7M

Non-resident companies supplying electronic services to Ukrainian consumers paid VAT to the state budget totaling €76.5 million ($89.7 million) and $85.7 million from January to June 2025, acting head of the State Tax Service Lesia Karnaukh reported on Facebook on Aug. 22.

23 August 2025, 02:20 PM

Ukraine receives ninth $500M IMF tranche, PM Shmyhal says

Ukraine has received the ninth tranche of $500 million from the International Monetary Fund (IMF), Prime Minister Denys Shmyhal announced via X on July 1.

1 July 2025, 03:35 PM

Ukraine’s state spending in 2026–2028 to prioritize defense and security

Ukrainian President Volodymyr Zelenskyy has approved a National Security and Defense Council (NSDC) directive on state budget priorities for 2026–2028, which focus on defense spending and military pay.

28 June 2025, 02:03 AM

EFF program milestone unlocks $400 million in IMF funding

The International Monetary Fund’s executive board has approved the seventh review of the Extended Fund Facility (EFF) program, paving the way for Ukraine to receive a new tranche of about $400 million.

29 March 2025, 01:15 AM

Ukraine's January budget soars: Revenues and expenditures surge

Ukraine's state budget revenues reached UAH 282.8 billion ($6.8 billion) in January 2025, with UAH 128.2 billion ($3 billion) allocated to the general fund, an increase of 83.4% and 10.5%, respectively, compared to January 2024, respectively, Interfax-Ukraine reported on Feb. 6, citing the State Treasury's operational data.

6 February 2025, 10:07 AM

Ukrainian Parliament cancels 2025 salary increase for prosecutors

The Verkhovna Rada supported an amendment canceling the planned 2025 salary increase for prosecutors, MP Yaroslav Zheleznyak reported on Oct. 30.

30 October 2024, 03:00 PM

South Korea to grant Ukraine a $100 million subsidized loan

Kyiv and Seoul have signed an agreement for a $100 million concessional loan to support Ukraine’s public finances, the Ukrainian Finance Ministry announced on Oct. 2.

3 October 2024, 01:25 AM

Shmyhal discusses Cabinet plans for 2025 budget

The Cabinet of Ministers expects state budget revenues to rise nearly 30% in 2025, while expenditures are projected to grow by 20%, Prime Minister Denys Shmyhal announced this during a recent government meeting.

20 September 2024, 05:25 PM

state budget