Ukraine's Cabinet of Ministers submitted its draft budget for 2027 to the Verkhovna Rada, the country's parliament, on September 15, according to the parliament's website. Prime Minister Serhiy Koretskyi said the plan directs nearly half of the country's economic output toward defense as the war with Russia continues.
The draft budget projects state revenues of 5.648 trillion hryvnias and expenditures of roughly 7.272 trillion hryvnias for 2027.
The proposal also raises the minimum subsistence level per person to 3,559 hryvnias a month, up from 3,209 hryvnias in 2026. The minimum wage would climb to 9,546 hryvnias a month, or 57.5 hryvnias an hour, compared with 8,647 hryvnias and 52 hryvnias an hour this year.
Koretskyi described the document as the budget of a country at war, saying the government's central task was to secure the country's defense and security needs while keeping its finances stable.
Defense spending nears half of GDP
Koretskyi said defense spending alone is planned at 4.885 trillion hryvnias, almost 44% of gross domestic product. The hryvnia is Ukraine's national currency, and the figure reflects the scale of resources the government is committing to the military more than three and a half years into Russia's full-scale invasion, which began in February 2022.
Beyond that domestic outlay, Ukraine's international partners are expected to provide additional military assistance, with the government estimating that such support will total at least 1 trillion hryvnias.
Koretskyi said that figure was even higher than the support received this year, but stressed that the defense forces' actual needs for 2027 are significantly greater than what has been budgeted. He said the cost of the war keeps rising and that officials are still working to finalize exact calculations.
Education, health and information spending
The draft budget allocates almost 328.5 billion hryvnias to education and roughly 292.5 billion hryvnias to healthcare.
It also sets aside 1.6 billion hryvnias for producing and broadcasting programs for state needs, gathering, processing and distributing official information material, and financially supporting Ukraine's state foreign broadcasting system. That includes the country's continuous wartime news broadcast known as the telemarathon, a rolling, state-coordinated television feed that has run across Ukrainian channels since the start of the full-scale invasion.
Almost 1.073 billion hryvnias is earmarked for servicing and providing organizational, information-analytical and logistical support to President Volodymyr Zelensky and his office.
Business support to nearly double
Koretskyi said the budget allocates 96 billion hryvnias to business support programs, almost twice this year's figure. He said the money would fund accessible lending, grants and support for defense innovation, along with separate financing for insuring against war-related risks.
Reliance on international partners
Koretskyi acknowledged that Ukraine can cover only part of its spending needs through its own revenues, meaning the country requires what he called coordinated and responsible cooperation with partners to fill the state budget and cover military and social costs.
He said the government, parliament and other authorities must clearly and promptly fulfill the commitments they have made, adding that only this approach would allow the state to increase financing for education, medicine, social programs and pensions.
What happens next
For the budget to take effect, the Verkhovna Rada must first approve the draft, after which President Zelensky must sign it into law.
The submission came a day after Koretskyi said Ukraine's public finances were close to a critical point, urging lawmakers to quickly pass legislation needed to secure international financial assistance. On September 15, he also warned that Ukraine would have to resort to a harsh budget sequestration if the Verkhovna Rada refuses to support the demands of key donors, the International Monetary Fund and the European Union.
