Ukraine preparing 2027 budget with USD 32.6B funding gap, Finance Minister says
Ukraine’s baseline annual need for external financing remains at around $50 billion. At the same time, if the war continues, the country’s preliminary unfunded financing need for 2027 is estimated at $32.6 billion.
Ukraine’s Finance Minister Sergii Marchenko revealed that the country is preparing its 2027 budget while facing a significant funding gap of $32.6 billion. According to Ukrinform, Marchenko stated this in an interview with Euronews. He warned that the absence of sufficient liquidity and the recent surge in Russian attacks have brought the nation dangerously close to a situation similar to 2022.
The Minister emphasized that the intensity of Russian assaults has intensified rapidly, leading to a more challenging winter ahead. Marchenko explained that given the ongoing conflict, Ukraine must find ways to survive this prolonged crisis. He revealed that his budget plans hinge on the assumption that the war will continue into 2027, with a projected funding shortfall of $32.6 billion.
This estimate aligns with the International Monetary Fund's (IMF) projections. In response to this funding gap, the Finance Minister appealed to European ministers to explore innovative solutions. One suggestion includes leveraging approximately $300 billion in frozen Russian assets, which would involve transferring responsibility for these assets to a joint effort among the EU's 27 member states.
This plan would potentially alleviate the legal risks faced by Belgium and Euroclear, the current holders of these assets.
Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
