Ukraine: public finances

What is Ukraine's government debt?

Ukraine's general government gross debt was an estimated 107.1% of GDP in 2025, according to the IMF's World Economic Outlook figures, read on 15 October 2026. The IMF projects 111.8% for 2026, after 81.2% in 2023 and 89.7% in 2024.

Gross debt is everything the government owes, at home and abroad, as a share of the economy. The Ministry of Finance site (mof.gov.ua) returned an access-denied response on 15 October 2026. The National Bank says Ukraine spent USD 195.7 million on servicing and repaying FX public debt in September 2026.

Official sources: IMF DataMapper: government debt, Ukraine · National Bank of Ukraine: international reserves

What is Ukraine's budget deficit?

Ukraine's general government deficit was an estimated 17.6% of GDP in 2025, according to the IMF's World Economic Outlook figures, read on 15 October 2026. The IMF projects 11.3% for 2026, after 19.3% in 2023 and 17.2% in 2024.

Net lending or borrowing is revenue minus spending; a negative figure, shown here as a deficit, means the government spent more than it took in. The National Bank said in September 2026 that smaller-than-expected official financing in July and August had made fiscal policy more restrained.

Official sources: IMF DataMapper: government net lending/borrowing, Ukraine · National Bank of Ukraine: key policy rate decision

How much is the IMF lending Ukraine?

The IMF completed the first review of Ukraine's four-year Extended Fund Facility of USD 8.1 billion on 20 July 2026, unlocking about USD 690 million for budget support, according to the National Bank of Ukraine's statement.

The statement says total IMF financing under the programme rose to about USD 2.2 billion. It reports that all end-March targets were met but the end-June target on net international reserves was missed, and that some structural benchmarks were completed late or missed, with revised timelines agreed.

Official sources: National Bank of Ukraine: IMF first review

How much tax does Ukraine collect?

Ukraine's tax revenue was 21.0% of GDP in 2024, according to IMF government finance data on World Bank Open Data, read on 15 October 2026.

Tax revenue here covers compulsory transfers to central government, such as income, profit, VAT, excise and trade taxes. It excludes fines, fees and other non-tax revenue, and social contributions. The State Tax Service site (tax.gov.ua) returned an access-denied response on 15 October 2026.

Official sources: World Bank: tax revenue, Ukraine

What is Ukraine's national debt?

In 2025, general government gross debt in Ukraine was 107.1% of GDP, according to the IMF. No year since 2005 has been higher. It is 5th highest of 51 in Europe & Central Asia, where the median is 46.9% of GDP. Worldwide: 17th of 185.

What is Ukraine's fiscal deficit?

The latest figure from the IMF, for 2025, is -17.6% of GDP, which is a deficit. Its high point since 2005 was 2015, at -1.2% of GDP; its low point was 2023, at -19.3% of GDP. Across Europe & Central Asia the middle value was -2.4% of GDP, and Ukraine placed 51st highest of 51. Worldwide: 185th of 188.

What is Ukraine's government revenue?

In 2025, general government revenue in Ukraine was 56.6% of GDP, according to the IMF. It is the top of the series, which starts in 2005. It is 2nd highest of 50 in Europe & Central Asia, where the median is 41.3% of GDP. Worldwide: 10th of 187.

What is Ukraine's government spending?

The IMF puts general government spending in Ukraine at 74.2% of GDP in 2025. No year since 2005 has been higher. Europe & Central Asia median: 43.3% of GDP; Ukraine is 1st highest of 50. World rank, highest first: 7th of 186.

How much tax does Ukraine collect?

According to the IMF, central government tax revenue in Ukraine was 21.0% of GDP in 2024. No year since 2005 has been higher. It is 20th highest of 42 in Europe & Central Asia, where the median is 20.8% of GDP. World rank, highest first: 32nd of 92.

What is Ukraine's defence spending?

The latest figure from SIPRI, for 2025, is 39.6% of GDP. No year since 2005 has been higher. Europe & Central Asia median: 2.0% of GDP; Ukraine is 1st highest of 46. Worldwide: 1st of 149.