Over the next four years, Ukraine will need about $65 billion in external financing, with 2027 currently remaining the least covered year in agreements with international partners.
Source: PRYAMYI
This was reported by the Chair of the Budget Committee of the Verkhovna Rada, Roksolana Pidlas. According to her, the International Monetary Fund is preparing a new cooperation program with Kyiv for 2026–2029 and is thoroughly analyzing Ukraine’s financial situation.
According to the IMF’s estimates, the financing gap during this period reaches $65 billion, with virtually no agreed resources for 2027. Meanwhile, starting in 2028, the European Commission plans to allocate €100 billion in the new seven-year budget for Ukraine, which could provide a guarantee of long-term support.
A few months ago, the government estimated a two-year need of $37.4 billion; however, due to an increase in the budget deficit in 2026, this amount has grown. The key factors in the forecasts remain the duration of the war and defense expenditures.
“Forecasts for 2027 are more theoretical. But already now, $18.1 billion needs to be secured for 2026 to avoid budget liquidity problems,” Pidlas emphasized.
Possible forms of assistance under consideration include:
- continuation of the ERA loans mechanism;
- creation of a “reparations loan” using frozen Russian assets;
- bilateral support packages from G7 countries and the EU.