FINANCE
Ukraine faces $27 billion gap amid EU reluctance
The scale of financial challenges facing the state system requires a radical restructuring of approaches to revenue and expenditure generation. Materials from Glavcom indicate that in 2026 the total cost of providing for the war effort is estimated…
other materials in the section FINANCE
IMF verifies Ukraine’s state budget draft for 2027
The International Monetary Fund has officially verified the Ukrainian state budget draft for 2027. The document projects a deficit of 52.6 billion dollars, with 20 billion dollars already confirmed to cover these needs.
Poland allocates $53 billion for defence spending in 2026
In 2026, Poland increased its defence spending to $53 billion, accounting for 4.8% of the country’s GDP. This financial burden is accompanied by a record state budget deficit.
Prime Minister Sergii Koretskyi estimates 2026 war costs at $155 billion
Ukraine requires $155 billion to cover military needs throughout 2026. This figure encompasses both budgetary expenses and the value of material and technical support provided by partner countries.
Prime Minister Serhii Koretskyi explains the need for a 1% VAT increase
Prime Minister Serhii Koretskyi stated that a 1% Value Added Tax increase in the 2027 budget is necessary to fund business insurance. The state plans to accumulate approximately 1 billion dollars to compensate for damages caused by Russian attacks.
The Verkhovna Rada has backed limits on the number of bank cards: new rules aim to halt “money mule” schemes
The Verkhovna Rada has supported legislative changes introducing limits on the number of bank cards that can be issued to a single individual. The initiative aims to combat “money mule” schemes—involving individuals who open cards
