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.
On September 15, Ukraine's Cabinet of Ministers approved a draft 2027 state budget prepared by the Finance Ministry. The projected revenues reach UAH5.648 trillion ($136.1 billion), an 8.7% increase from the 2026 budget. Expenditures are forecasted at UAH7.272 trillion ($175.2 billion), a 13.5% rise from the previous plan. International support is estimated to amount to $52.6 billion.
Defense and security receive the largest share, with UAH4.885 trillion ($117.7 billion) or 43.8% of the GDP allocated to these sectors. Prime Minister Sergii Koretskyi highlighted that the defense needs for 2027 are substantial, exacerbated by the escalating war. He emphasized that the budget aims to balance security and financial stability.
Other allocations include UAH328.5 billion ($7.9 billion) for education, UAH292.5 billion ($7.0 billion) for healthcare, and increased funding for social programs, veterans, and displaced populations. Social services, housing, and reconstruction efforts for regions and local communities are also receiving more resources.
The government plans to provide UAH96 billion ($2.3 billion) for business-support programs, nearly double the current year's amount. Additionally, separate funding for war-risk insurance is included. Koretskyi acknowledged that Ukraine's public finances are nearing a critical juncture and stressed the importance of responsible collaboration with international partners to sustain funding for both military and social needs.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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