27% for defense and record deficit with the continuation of the war

Today, Monday, the Ukrainian government provided a budget project, targeting a deficit of 18.4% of GDP, with the allocation of the largest part of spending for its defensive efforts in the face of the ongoing war with Russia.

The government said in a post on the “Telegram” application that the budget project includes revenues of 2.8 trillion Hyviria ($ 67 billion), compared to expenditures of about 4.8 trillion Hervania. The Prime Minister, Yulia Sfridinko, confirmed that “the main priority of the budget is security, defense and our ability to socialize social,” adding: “Now all the residents of Ukraine in the army or for it must be, and this is what It is reflected in the state budget for the year 2026. Total. The government also allocated 44.3 billion HHorvia to produce weapons locally. For its part, Defense Minister Dennis Shmeisal announced that Ukraine will need at least 120 billion dollars next year to secure the necessary defenses, with the continuation of the fighting over more than 1000 km of confrontation lines until 2026. Ukrainian officials indicated that the daily war cost increased to about 172 million dollars per day, compared to About 140 million dollars a year ago. Given the allocation of most revenues for the army, Ukraine still relies heavily on external financial aid to cover its social and human expenses. However, the government is facing increasing challenges in securing financial support, especially with the decrease in US contributions since President Donald Trump returns to the White House, while the European Union has become the largest financial supporter of Kiev. Ukraine also seeks to obtain a new lending program from the International Monetary Fund, at a time when the Ministry of Finance estimated its need for about 2.1 trillion Harriffia (50 billion dollars) of foreign financing next year. The unprofible gap in the budget of 2026 is 16 billion euros, noting that the government is in talks with the European Union, the Group of Seven countries, the International Monetary Fund, and the World Bank, as well as other partners, to secure the required financing.