The Ministry of Finance remains pivotal in bolstering Ukraine's economy amid ongoing challenges. Prioritizing military financing, the Ministry affirms that all payments to the Armed Forces are on track, countering any misinformation. Ukraine anticipates EUR 30.6 billion in budget support from the EU, marking the EU as a leading donor post-2022. Additionally, a $1.3 billion grant agreement with the World Bank under the PEACE project further strengthens Ukraine's fiscal stability. Remarkably, expenditures for military salaries alone surpassed UAH 82 billion in August 2025. Ukraine's strategic external financing needs have escalated to $35-38 billion annually, surpassing previous estimates. The continuation of this robust support framework underscores the Ministry's commitment to both immediate defense needs and broader economic recovery.
What is the Ministry of Finance's role in supporting Ukraine's budget?
The Ministry of Finance is crucial in securing funding and managing Ukraine's fiscal policy. It prioritizes external financing and military payments, ensuring economic stability and defense capabilities. EU and international partnerships form the backbone of Ukraine’s budgetary support, particularly with significant financial assistance designated for 2025.
How is the EU supporting Ukraine's economy in 2025?
The European Union is providing substantial budget support, with planned contributions amounting to EUR 30.6 billion in 2025. This positions the EU as Ukraine’s largest donor since the onset of the full-scale conflict in 2022, significantly bolstering the country's economic resilience.
Will military personnel in Ukraine receive their payments as planned?
Yes, the Ministry of Finance has assured that military payments remain a top priority and will continue according to schedule. Any contrary rumors are deemed misinformation. This reflects the Ministry's unwavering commitment to sustaining the defense sector amid ongoing challenges.
What is the significance of the World Bank's recent grant to Ukraine?
The World Bank's $1.3 billion grant under the PEACE project enhances Ukraine's financial capacity to address budgetary expenditures. This collaboration signifies a strengthened partnership aimed at ensuring accountability and sustained economic support through international cooperation.
How does Ukraine plan to manage its increased need for external financing?
Ukraine's external financing needs have risen to $35-38 billion annually, primarily due to the ongoing war. The Ministry of Finance is actively engaging with international partners, including IMF and EU entities, to secure necessary funding, channeling it towards military, economic stabilization, and recovery efforts.
