The Cabinet of Ministers of Ukraine has a clear understanding of how to cover the state budget deficit for this year, while negotiations on funding for 2026 — a year full of uncertainty — are already underway.
Ukrainian Prime Minister Denys Shmyhal announced this during a government meeting on July 2, Ukrinform reports, citing his speech published on the government portal.
“We clearly understand how Ukraine will cover the budget deficit for this year. At the same time, we are already preparing and negotiating funding for 2026, which carries many uncertainties,” he said.
Shmyhal said that on July 1, Ukraine received the ninth tranche from the IMF, totaling $500 million.
“Never before in the history of Ukraine’s independence has the country passed eight reviews within a single IMF program. Today, the Ukrainian government and the state itself are responsible partners. This is the trust we have built not only with the IMF, but also with the World Bank, the European Investment Bank, the European Bank for Reconstruction and Development, the European Commission, the G7, and our other allies around the world,” he said.
He added that since the beginning of the full-scale invasion, Ukraine has secured more than $135 billion in budgetary support from international partners. He also stressed that this week, Canada provided $1.7 billion backed by proceeds from frozen Russian assets, as part of the joint Extraordinary Revenue Acceleration (ERA) initiative.
“Thanks to such instruments and the trust of our partners in Ukraine, we are able to fully fund our army, pay salaries to doctors and teachers, ensure timely pensions and subsidies, and rebuild our country,” Shmyhal said.
Earlier reports said that Ukraine’s Pension Fund had completed all social payments for June, allocating UAH 72 billion, including UAH 67.8 billion for pensions.
Photo credit: Denys Shmyhal / Telegram
Source: Government already in talks with partners on 2026 funding – Shmyhal
