{
  "id": 5057560,
  "title": "State budget falls $690 million short of eight-month revenue plan",
  "url": "https://urgent.news/2026/09/02/state-budget-falls-690-million-short-of-eight-month-revenue-plan",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T09:30:00.000Z",
  "source": {
    "name": "New Voice of Ukraine",
    "slug": "new-voice-of-ukraine",
    "url": "https://english.nv.ua/business/ukraine-budget-falls-690-million-short-of-jan-aug-revenue-target-50637786.html"
  },
  "original_language": "en",
  "account": "Ukraine's state budget experienced a $690 million shortfall in revenue during the first eight months of 2026, falling short of the eight-month revenue plan, according to Verkhovna Rada Budget Committee Chair Roksolana Pidlasa. The general fund received UAH 1.7 trillion ($35.4 billion) in revenue, excluding grants, which was UAH 33.1 billion ($690 million) less than the target. Nearly half of the shortfall, amounting to UAH 15.6 billion ($325 million), occurred in August alone. Revenue from primary budget-forming taxes and fees fell short by almost UAH 84 billion ($1.75 billion). The largest shortfall was from Ukraine's value-added tax on goods produced in Ukraine, which brought in 14% less than planned at UAH 35.6 billion ($742 million). Despite these shortfalls, some revenue sources exceeded expectations, with corporate income tax surpassing the target by 12.4%, personal income tax and the military levy bringing in 3.4% more than planned, and excise tax on imports exceeding its target by 1.8%. However, Ukraine has had to rely on external and domestic financing to cover the revenue gap, using $20 billion in international assistance and UAH 317 billion ($6.61 billion) in domestic government bonds. Pidlasa warned that without the expected EU macrofinancial assistance totalling $4.26 billion and IMF financing of $1.66 billion, sharp cuts in budget expenditures are likely in the near future. Defense accounted for the largest spending category, consuming 62% of all general fund expenditures. The Verkhovna Rada also failed to pass legislation ending preferential tax treatment for imported parcels worth up to €150, a condition of Ukraine's IMF agreement.",
  "summary": "Ukraine’s state budget received UAH 33.1 billion ($690 million) less revenue than planned in January-August 2026, while lawmakers are warning that further shortfalls in international financing could force sharp spending cuts.",
  "key_points": [
    "Ukraine's state budget fell $690 million short of revenue plan in first eight months of 2026.",
    "Nearly half of shortfall occurred in August, with corporate income tax exceeding target by 12.4%."
  ],
  "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."
}