The Cabinet of Ministers of Ukraine has approved the budget declaration for 2026-2028, which was developed in collaboration with the main budgetary authorities and agreed upon with the International Monetary Fund. This document outlines the key financial guidelines for the state over the next three years and includes two possible scenarios for future developments.
This is reported by Finway
Two scenarios for Ukraine: security situation and aggression from the Russian Federation
The declaration provides for two potential scenarios starting from 2026. The first scenario considers the possibility of an improved security situation after 2026. The second scenario is based on the assumption that the full-scale aggression of the Russian Federation will continue into 2026. Under this scenario, expenditures on the security and defense sector will not be less than in 2025.
The declaration outlines two scenarios for developments in Ukraine starting from 2026. One scenario anticipates a possible improvement in the security situation from 2026, while the other foresees the continuation of full-scale aggression from the Russian Federation throughout 2026. According to the second scenario, next year’s expenditures on the security and defense sector will amount to no less than in 2025.
Main indicators and next steps
The budget declaration for 2026-2028 defines the overall indicators of revenue and financing of the state budget, the maximum expenditure limits, as well as the minimum wage and subsistence minimum. This document will serve as the basis for preparing the draft State Budget for 2026.
The Ministry of Finance emphasizes that expenditures on security and defense will remain the main priority in budget planning. The next step is to submit the approved budget declaration to the Verkhovna Rada of Ukraine for further approval.