State budget's fund expenditures up 9.7% YoY in Nov 2025 - Ukrainian Finance Ministry

MOSCOW. Dec 22 (Interfax) - Cash expenditures of the Ukrainian state budget's general fund stood at UAH 374.1 billion in November 2025, which is UAH 33.2 billion or 9.7% more than in November last year, Ukrainian media said, citing the Finance Ministry website.

Such expenditures totaled UAH 3.54 trillion in January-November 2025, which is UAH 540.0 billion or 18.0% more than in the respective period of last year.

"Security and defense expenditures of the state budget's general fund amounted to UAH 2.22 trillion in January-November 2025, or 62.9% of all expenditures of the general fund. These include UAH 221.7 billion spent in November," the ministry said.

Security and defense expenditures stood at UAH 220.6 billion the month before, with the total general fund expenditures of UAH 346.8 billion.

The Finance Ministry reported paying UAH 86.6 billion in military allowances in November last year.

In the structure of expenditures by economic classification, wages and salaries with accruals accounted for the largest share within eleven months and reached UAH 1,400 billion, including UAH 132.8 billion in November, or 39.4% of the total expenditures for 11 months of 2025. Compared to the same period last year, these expenditures increased by UAH 238.2 billion, or 20.6%, including UAH 17.5 billion, or 15.2%, in November.

Expenditures on the payment for the use of goods and services amounted to UAH 518.5 billion in January-November of this year, including UAH 60.5 billion in November, or 14.7% of the total expenditure, while for 11 months of last year they amounted to UAH 463 billion, including UAH 46.1 billion in November.

According to the Finance Ministry, UAH 582.7 billion, or 16.5% of total expenditures, were allocated to social security (pensions, benefits, and scholarships) in January-November this year, up by UAH 72.1 billion, or 14.1% from last year. After a temporary decline in October, these expenditures rose to UAH 58.3 billion in November of this year, versus UAH 44.6 billion in November last year.

Expenses on subsidies and current transfers to enterprises (institutions and organizations) amounted to UAH 434 billion in the first 11 months of this year, or 12.3% of total expenditures, including UAH 49.6 billion in November. Compared to January-November 2024, these expenditures increased by UAH 104 billion, or 31.5%.

Over the first 11 months of this year, public debt servicing cost the state budget's general fund UAH 319.9 billion, or 9% of the total, including UAH 40 billion in November. This is UAH 33.2 billion more than in the first 11 months of last year.

Finally, UAH 173.1 billion, or 4.9% of the total, was used for transfers to local budgets in January-November this year, including UAH 16.8 billion in November. Compared to January-November of last year, these expenditures increased by UAH 10.1 billion, or 6.2%.

As reported, Ukraine's state budget revenues for the 11 months of this year amounted to UAH 3.29 trillion, including UAH 2.34 trillion from the general fund, which is 24.1% and 23.5% higher, respectively, than the corresponding figures for 2024. Cash expenditures for January-November amounted to UAH 4.54 trillion, which is 20.3% higher than expenditures for the same period last year.

In 2024, general fund revenues increased by UAH 513.9 billion, or 30.9%, to UAH 2.177 trillion, while general fund expenditures increased by 15%, or UAH 454.5 billion, to UAH 3.488.8 trillion.

As reported, the 2025 state budget, following two major increases in July and October, currently has planned revenues (excluding grants) of UAH 2.50 trillion, while expenditures amount to UAH 4.65 trillion, including general fund expenditures of UAH 2.28 trillion and UAH 4.29 trillion, respectively.

On December 3, the Ukrainian parliament adopted the state budget for 2026, with revenues of UAH 2.90 trillion and expenditures of UAH 4.77 trillion. General fund revenues of next year's budget are planned at UAH 2.61 trillion, with UAH 4.38 trillion expenditures.