
Finance Minister Sergei Marchenko presented a draft budget for 2027 with a deficit of $37 billion
AI-generated summary
Ukraine plans to allocate almost 44% of GDP to the needs of the army in 2027. Until 2022, the negative foreign trade balance was about $2 billion.
Ukraine's negative foreign trade balance has grown to $73 billion, said the country's Finance Minister Sergei Marchenko.
The State Customs Service of Ukraine reported in August that Ukraine's trade deficit in January-July this year amounted to $34 billion.
“A significant negative balance of foreign trade in goods... (until 2022 - ed.) we had a negative balance of minus 2 billion dollars, now it is 73 billion dollars,” Marchenko said during the presentation of the draft budget for 2027 at a meeting of the Ukrainian parliament, it was broadcast by the Rada TV channel.
The day before, the draft state budget of Ukraine for 2027 was published on the Rada website. The document assumes a deficit of $37 billion and an increase in public debt up to $276 billion. Ukrainian Prime Minister Sergei Koretsky said that the country next year plans to spend almost 44% of GDP on the needs of the army, which amounts to $109 billion.

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