{
  "id": 13968626,
  "title": "State revenue misses target by nearly $1.2 billion in nine months",
  "url": "https://urgent.news/2026/10/12/state-revenue-misses-target-by-nearly-1-2-billion-in-nine-months",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T13:25:00.000Z",
  "source": {
    "name": "New Voice of Ukraine",
    "slug": "new-voice-of-ukraine",
    "url": "https://english.nv.ua/business/ukraine-s-budget-misses-revenue-target-by-1-2-billion-as-growth-stalls-marchenko-says-50649279.html"
  },
  "original_language": "en",
  "account": "Ukraine's state revenue fell nearly $1.2 billion short of planned targets in the first nine months of 2026, Finance Minister Serhiy Marchenko revealed on October 12. The shortfall encompassed a significant UAH 32 billion ($770 million) loss during August and September alone. The annual revenue gap could potentially reach UAH 70 billion ($1.7 billion), attributed to factors such as Russian attacks on businesses, ruined warehouses, interrupted shipping lanes, and dwindling consumer confidence. Inflation has also been surging, with consumer prices increasing by 2.1% in September, resulting in an annual inflation rate of 10%. President Volodymyr Zelenskyy had earlier estimated a $27 billion gap in military funding, a figure later reiterated by Defense Minister Evgeniy Khmara who identified potential solutions to bridge the gap. Prime Minister Serhiy Koretskyi announced stringent budget cuts for government spending that were not related to defense. State budget revenue fell UAH 33.1 billion ($800 million) below projections from January through August, as reported by Parliamentary Budget Committee Chair Roksolana Pidlasa on September 4. Marchenko cautioned in a September 4 statement that Ukraine was experiencing its most challenging budgetary situation since Russia initiated its full-scale invasion in 2022. On September 14, Koretskyi warned that Ukraine's public finances were nearing a critical juncture due to delays in enacting legislation, which could jeopardize $29.5 billion in international aid. European Commissioners Valdis Dombrovskis and Marta Kos subsequently presented Ukrainian lawmakers with a list of bills required to secure previously agreed EU funding following Kyiv's request for an additional $27 billion in defense assistance. The government adopted a resolution on September 28 outlining priorities for public spending. Ukraine's Defense Ministry projects that the country's total defense spending will increase from $155 billion in 2026 to $175 billion in 2027, compared to the $100 billion allocated in the government's draft budget for the following year.",
  "summary": "Ukraine's state budget fell nearly UAH 50 billion ($1.2 billion) short of planned revenue in the first nine months of 2026, including UAH 32 billion ($770 million) in August and September alone, Finance Minister Serhiy Marchenko told parliament on Oct. 12, Ukrinform reported.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}