Ukraine's Verkhovna Rada adopts 2026 state budget

MOSCOW. Dec 3 (Interfax) - The Verkhovna Rada of Ukraine passed a bill on the state budget for 2026 on Wednesday, Ukrainian media reported.

As reported, not a single parliament member from the European Solidarity faction, led by former President Pyotr Poroshenko, and the Batkivshchyna faction, led by former Prime Minister Yulia Timoshenko, supported the budget.

Ukrainian Finance Minister Sergei Marchenko delivered a speech in the parliament before the budget was adopted. Calling on parliament members to support the draft budget, he said that the revenues of the 2026 state budget total UAH 2.918 trillion, including UAH 2.625 trillion for the general fund, while expenditures stand at UAH 4.781 trillion, including UAH 4.393 trillion for the general fund.

At least half of the estimated deficit of $45 billion has not yet been confirmed, parliament member Yaroslav Zheleznyak said.

In September, when the government presented the draft state budget to the Rada, Marchenko estimated the uncovered financing of the deficit next year at 16 billion euros ($18.7 billion at the current exchange rate) out of a total need for $45 billion in foreign financing.

As reported, on August 18, Marchenko estimated the financial gap for 2026-2027, which is currently not covered from confirmed sources of financing, at $37 billion.