Ukraine has secured $20 billion in international support out of required $52.6 billion, - "Servant of the People" MP Zaburanna
The 2027 draft state budget currently lacks $32.6 billion in necessary funding. In the event of a shortfall in international aid, the government will cut capital expenditures first, without affecting pensions, public sector salaries, or other social benefits.
This was stated by Lesya Zaburanna, a member of the Verkhovna Rada from the "Servant of the People" party, according to an article by Censor.NET titled "A 'Resilience Budget' or a Survival Budget: Where Will Ukraine Get Its Money in 2027?"
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She noted that members of the Verkhovna Rada have received the draft state budget, so they will be working on it and submitting their proposals until October 1.
According to the lawmaker, as of today, partners have confirmed $20 billion in European aid and other microgrants.
"Consequently, 32.6 billion is still in question—it remains unconfirmed. On the bright side, the proposed budget (which I don’t think will undergo any major changes) has been verified by the International Monetary Fund. In other words, the IMF has given its assessment: this budget meets certain indicators and aligns with the vision for the country’s development, and there is nothing superfluous in it."
"This allows us to communicate with our international partners—in particular, the European Union and other institutions (such as the World Bank)—to seek additional funding and address these issues. This is exactly what the president, the government, and parliament are working on right now," she explained.
At the same time, according to Zaburanna, capital expenditures will be cut in 2027 if there is a shortage of international aid.
"This is a budget cut—a reduction in spending, specifically by cutting capital expenditures or certain programs. This does not apply to protected spending categories—such as pensions, salaries for public sector employees, and other social benefits."
"We will not resort to debt financing, as that would lead to serious inflation. Indeed, we may try to increase revenue and domestic borrowing, but that alone will not solve the problem," she added.
For the full article on the 2027 Budget, click here.
