Ukraine faces UAH 70 bln tax shortfall in 2026, situation under control – Finance Minister
The projected shortfall in tax revenues to the state budget for 2026, estimated at UAH 70 billion, is the result of objective challenges, including the destruction of businesses, logistics infrastructure and the metallurgical industry, as well as port blockades, rather than a hole in the budget, Finance Minister Serhiy Marchenko said.
Ukrainian Finance Minister Serhiy Marchenko stated that the country is facing a projected tax revenue shortfall of UAH 70 billion for 2026. This shortfall is attributed to factors such as the destruction of businesses, logistics infrastructure, and the metallurgical industry, as well as port blockades. The minister emphasized that while it is challenging to expect destroyed businesses to pay taxes at planned levels, the government is taking steps to restore the situation.
He also mentioned that the government has significantly increased domestic borrowing to cover the tax revenue shortfall this year. However, the minister acknowledged that the fulfillment of international commitments is beyond their control. As of September, the state budget's general fund had received nearly UAH 50 billion less in revenue than planned, with a shortfall of UAH 32 billion in August and September.
The economy experienced zero growth in GDP, while inflation accelerated to 10% due to increased spending and supply disruptions.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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