Serhiy Marchenko
The Ministry of Finance has engaged Rothschild & Co and FinPoint to prepare the sale of stakes in Ukrgasbank and Sense Bank. The banks' owners are not changing for now.
UAH 43. 5 billion will go toward payments to servicemembers and support for their families. Another UAH 16.6 billion will be spent on weapons, communications, and equipment.
Zelenskyy held a meeting on negotiations with the EU and Ukraine’s financial needs. He expects a shared vision and concrete results.
Payments to the military and social programs are being funded on time and in full through the end of the year. The EU has already provided Ukraine with €10 billion, with another €17 billion expected.
Due to failure to fulfill its international obligations, Ukraine received $29. 5 billion less than expected. The defense sector is still short of $27 billion by the end of the year.
Serhii Marchenko said that at the beginning of 2026, the state had UAH 477 billion in remaining funds. The budget provided for more than UAH 4.5 trillion in expenditures.
In January–September, the budget received nearly UAH 50 billion less than expected, while the annual shortfall in tax revenues may reach UAH 70 billion. Inflation rose to 10%.
By the end of the year, Ukraine needs to receive $29. 5 billion from its partners for non-military expenditures. The EU guarantees €17 billion for defense, but the additional need amounts to $27 billion.
Ukraine has stated that it needs additional billions of euros in 2026–2027. The EU may return to discussions of frozen\r\nRussian assets.
The bill on Basic Social Assistance was recommended for its second reading. It will consolidate payments and provide social services and employment assistance.
Serhii Marchenko called on the EU to use Russia's frozen assets to cover Ukraine's military and financial shortfall in 2027.
The EU will call on Ukraine to accelerate anti-corruption and tax reforms in order to receive financial support for 2026. So far, €14.9 billion has been allocated.
Finance Minister Serhii Marchenko calls the EU’s disbursement of nearly €3 billion to Ukraine evidence of progress in implementing reforms. The funds were allocated under the Ukraine Facility.
Ukraine's Minister of Finance called the subsistence minimum a purely calculated indicator. According to him, payments need to be decoupled from the size of the subsistence minimum.
Against the backdrop of a severe budget deficit and the forced restriction of government spending, it is particularly important to preserve businesses that continue to operate and pay taxes. At the same time, the aviation industry, which despite the closed airspace paid almost UAH 27 billion in taxes and fees in 2022–2025, has come under pressure due to a new interpretation of aviation leasing taxation.
The 2027 draft budget envisages a deficit of 15% of GDP and debt exceeding 110% of GDP. UAH 4.885 trillion is planned to be allocated to security and defense.
Lesia Karnaukh was relieved of her duties as acting head of the State Tax Service. The Ministry of Finance must submit candidates for a new head or acting head to the government
The Verkhovna Rada committee recommended adopting bills on VAT for parcels worth up to 150 euros starting from the first euro. The new rules may come into effect no earlier than July 2027.
The Finance Minister forecasts a budget deficit of up to $32. 6 billion and a possible postponement of non-military payments. He called on the EU to use Russian assets.
The government and parliament discussed budget challenges and funding for the Defense Forces. The parties agreed to work on attracting international funding.
The Verkhovna Rada supported Draft Law No. 15450 on first reading. The Code is to enter into force on December 1, 2027, and pave the way for €1.5 billion in aid.
The President instructed the Prime Minister and the relevant ministers to discuss the capacity of local budgets with the communities and conduct a logistics audit.
The third day of the Ambassadors’ Conference concluded in Kyiv, where priorities were identified for attracting international assistance and supporting the energy sector. Diplomats were urged to intensify their efforts to get through the heating season.
Ukraine received the second IMF tranche of about $690 million under the four-year EFF program. The funds will be directed to support macro-financial stability and priority expenditures.
The Verkhovna Rada appointed a new Cabinet of Ministers headed by Serhii Koretskyi. Some ministers retained their positions, and a number of ministries were divided.
Prime Minister Serhiy Koretsky proposed appointing new ministers, including Shmyhal as first vice prime minister. The Rada will consider the proposal in the near future.
MP Zheleznyak reported that President Zelenskyy will propose Ihor Klymenko, who headed the Ministry of Internal Affairs, for the post of Minister of Defense. Fedorov will not retain his post due to the failure of the TCC reform.
The government forecasts an exchange rate of 51. 5 hryvnia per dollar and wage growth through 2029. The budget declaration envisages an increase in public debt and the deficit.
Military personnel on the front lines will be paid an average of 300,000 hryvnias under new contracts. The Cabinet of Ministers will launch the updated payment mechanism as early as June.
President Zelenskyy has appointed Oleksandr Zavitnevych and Serhii Marchenko to the Staff of the Supreme Commander-in-Chief. Decree No. 445/2024 takes effect on the day of its publication.