Ukraine's finances: everything we don't know
BRUSSELS, Belgium — Ukraine, the EU, the IMF, and G7 partners were all in Brussels on Sept. 29 to discuss the state of Ukraine's finances until the end of 2027, but a sense of who will pay what, and how much money is even needed, remains elusive. "Our idea is to secure some possible solutions in a way which helps us to meet our needs in 2027," Finance Minister Serhii Marchenko said at an event…
Ukraine, along with the EU, IMF, and G7 partners, convened in Brussels on September 29 to discuss the financial situation of Ukraine until the end of 2027. However, the amount of money required and who will contribute remains unclear. EU Finance Minister Serhii Marchenko stated that the 90 billion-euro loan to Ukraine in April 2026 was meant to cover two-thirds of Kyiv's budgetary needs, while third countries were expected to cover the remaining third.
Despite a $9 billion pledge from Norway for 2027, contributions have not materialized. The EU's Enlargement Commissioner, Marta Kos, emphasized that the EU will contribute but called for more ambitious commitments from all parties. The exact amount Ukraine needs to contribute is disputed, with estimates ranging from 37 to 45 billion euros ($42 to $51 billion) remaining outstanding.
Ukraine's budgetary challenges are multifaceted, including underperformance in tax and customs administrations, blockages in agricultural exports, and the costs of military operations. Despite these challenges, there has been no significant progress in securing additional funding, and no new pledges emerged from the Donor Platform meeting.
Lawmakers in Ukraine have been cautious about raising taxes and exploring alternative solutions, such as tackling the shadow economy.
Written by urgent.news from Kyiv Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
