Taxes, fees, and mandatory payments to the general and special funds of the state budget of Ukraine for January-November 2025 amounted to UAH 3.29 trillion, while cash expenditures amounted to UAH 4.54 trillion, which is approximately 24.1% and 20.3% higher than the corresponding figures for the same period in 2024.
According to operational data from the State Treasury Service, which the Ministry of Finance published on its website, general fund revenues increased by 23.5% to UAH 2.34 trillion, while expenditures increased by 18.1% to UAH 3.54 trillion.
In November this year, state budget revenues increased by 6.6% compared to November last year, to UAH 321.5 billion, including the general fund – by 4.2%, to UAH 229.3 billion. This is due to the receipt of grants worth UAH 34.3 billion last month, while in November last year such funding amounted to UAH 56.4 billion.
It is noted that the largest source of revenue in January-November this year remains VAT on goods imported into the customs territory of Ukraine – UAH 486.6 billion (UAH 424.0 billion in the first 11 months of 2024).
After raising the military tax from 1.5% to 5% and introducing a condition for reserving a salary of UAH 20,000 this year, personal income tax and military tax came in second place in terms of revenue for the 11 months of this year – UAH 324.6 billion compared to UAH 200.7 billion last year.
In third place this year is VAT on goods produced in Ukraine – UAH 278.3 billion for refunds of UAH 166.2 billion (UAH 242.7 billion for refunds of UAH 139.9 billion), while corporate income tax amounted to UAH 277.3 billion (UAH 251.3 billion), and excise tax amounted to UAH 255 billion (UAH 189.5 billion).
In addition, dividends and parts of the net profit of state-owned companies amounted to UAH 67.8 billion (UAH 69.2 billion), import and export duties – UAH 49.7 billion (UAH 43.8 billion), and rent payments for the use of subsoil resources – UAH 39.6 billion (UAH 42.8 billion).
The Ministry of Finance added that another UAH 84.2 billion (UAH 38.6 billion) was added to the budget from the National Bank’s profits, and grants amounted to UAH 381.2 billion (UAH 325.6 billion).
Revenues from the unified social tax to pension and social insurance funds in January-November 2025 increased by 21.1% to UAH 593.1 billion, including in November by 13.6% to UAH 55.8 billion.
The Ministry of Finance also reported that as part of the financing of the general fund of the state budget, state borrowings to it in January-November 2025 amounted to UAH 1.96 trillion, or 94.3% of the plan, including UAH 512.7 billion received on the domestic market from the placement of government bonds, including UAH 124.6 billion in foreign currency – $2.26 billion and EUR 645 million. At the same time, UAH 242.1 billion was raised through the issuance of military government bonds.
According to the release, approximately $34.7 billion, or UAH 1.44 trillion, was received from external sources, including approximately $24.0 billion under the ERA, with the total volume of this mechanism amounting to $50 billion.
In addition, Ukraine received another EUR 7.95 billion from the EU under the Ukraine Facility preferential long-term loan, $0.96 billion from the International Monetary Fund (IMF), and $0.57 billion from the World Bank for the projects “Transforming Health through Reform and Investment in Efficiency” (THRIVE), “Creating Resilient Infrastructure in Vulnerable Environments in Ukraine” (DRIVE), “Supporting Recovery through Sound Fiscal Management” (SURGE), “Supporting Internally Displaced Persons in Ukraine” (HOME), and “Modernizing Ukraine’s Social Support System.”
Payments on the repayment of public debt for January-November 2025 amounted to UAH 570.9 billion, or 94.2% of the plan, and payments on servicing amounted to UAH 319.9 billion, or 98.2% of the plan.
As reported, as a result of two major increases in July and October, the 2025 state budget currently has planned revenues (excluding grants) of UAH 2.50 trillion, while expenditures are UAH 4.65 trillion, including the general fund – UAH 2.28 trillion and UAH 4.29 trillion, respectively.
In 2024, the state budget received UAH 3.12 trillion in revenues, which is UAH 0.45 trillion, or 16.8%, more than the 2023 state budget. Under the general fund, revenue growth amounted to UAH 0.51 trillion, or 30.9%, to UAH 2.18 trillion, in particular, international financial assistance in the form of grants amounted to UAH 0.45 trillion compared to UAH 0.43 trillion in 2023.
State budget expenditures in 2024 increased by UAH 0.46 trillion, or 11.6%, compared to 2023, to UAH 4.48 trillion, in particular, under the general fund – by 15%, or UAH 0.45 trillion – to UAH 3.49 trillion.
On December 3, the Verkhovna Rada approved Ukraine’s state budget for 2026 with revenues of UAH 2.90 trillion and expenditures of UAH 4.82 trillion.
Local budgets received UAH 37.7 billion from land tax payments in January-October 2025, which is 15.3% or UAH 5 billion more than in the same period last year, according to Lesya Karnaukh, acting head of the State Tax Service (STS), on Facebook.
According to her, taxpayers in Dnipropetrovsk and Kyiv provided more than a third of all land tax revenues for the 10 months of 2025, with local budgets in Dnipropetrovsk receiving UAH 6.7 billion and the capital receiving UAH 5.3 billion.
In addition, Odessa (UAH 3.3 billion) and Lviv (UAH 2.6 billion) regions are among the leaders in land tax payments.
“Land tax is one of the most stable sources of local budget revenues. These funds are used specifically for communities and the implementation of infrastructure and social projects. I would like to thank all taxpayers who conscientiously fulfill their obligations. Every contribution works for the development of communities and the strength of the country,” Karnaukh concluded.
The EU Council announced on Saturday that it has agreed with the European Parliament on a €192.8 billion EU budget for 2026.
“Today’s agreement demonstrates that Europe is able to act even in challenging times. The EU budget for 2026 will allow us to realize our common priorities: security, competitiveness and border management – while ensuring that we can respond quickly and effectively to unforeseen needs and crises,” said Nicolai Wammen, Minister of Finance of the Danish Presidency of the Council of the EU and the Council’s chief negotiator on the 2026 budget.
The total EU budget commitment for 2026 is €192.8 billion and total disbursements €190.1 billion. “Commitments are legally enforceable promises to spend money on activities whose implementation is spread over several financial years. Payments cover expenditure arising from commitments made under the EU budget in the current and previous financial years,” the council explains in a published communiqué.
This is the sixth annual budget of the EU’s long-term budget for 2021-2027. The 2026 budget is complemented by measures to support post COVID-19 recovery under the special NextGenerationEU program, the document notes.
Disbursements for EU defense and security in 2026 are planned at €2.25 billion. For migration and border management – 3.88 billion euros. For neighborhood policy and foreign policy – 16.56 billion euros. For the common market, innovation and digitalization – 23.33 billion euros.
Now the EU Council and the European Parliament must formally approve the agreement reached. The EU Council is expected to approve it on November 24. A qualified majority vote is required to pass the budget, according to the communiqué.
Tax, fee, and mandatory payment revenues to the general and special funds of the Ukrainian state budget for the first eight months of 2025 amounted to UAH 2.40 trillion, while cash expenditures amounted to UAH 3.23 trillion, which is approximately 24.2% and 23.7% higher than the corresponding figures for the first eight months of 2024.
According to operational data from the State Treasury Service, published by the Ministry of Finance on its website, general fund revenues increased by 20.4% to UAH 1.71 trillion, while expenditures increased by 19.4% to UAH 2.50 trillion.
At the same time, in August this year, state budget revenues decreased by 30.1% compared to August last year, to UAH 314.2 billion, including the general fund – by 37.3%, to UAH 242.9 billion. This is due to significantly lower grant revenues – UAH 44 billion in August 2025 compared to UAH 228.1 billion in August 2024.
It is noted that after raising the military tax from 1.5% to 5% and introducing a condition for reserving a salary of UAH 20,000 this year, personal income tax and military tax moved from fourth to second place in terms of revenues for the first eight months of this year – UAH 230.9 billion compared to UAH 134.5 billion last year.
In addition, the main revenues were provided by: VAT on goods imported into the customs territory of Ukraine – UAH 340.4 billion (UAH 302.1 billion for the first eight months of 2024), corporate income tax – UAH 211.6 billion (UAH 195.3 billion), VAT on goods produced in Ukraine – UAH 206.5 billion for reimbursement of UAH 116.1 billion (UAH 175.0 billion for reimbursement of UAH 95.8 billion), excise tax – UAH 186.3 billion (UAH 129.6 billion).
In addition, dividends and part of the net profit of state-owned companies amounted to UAH 64.2 billion (UAH 66.5 billion), import and export duties – UAH 34.7 billion (UAH 31.6 billion), rent payments for the use of subsoil resources – UAH 27.4 billion (UAH 32.7 billion).
The Ministry of Finance added that another UAH 84.2 billion (UAH 38.6 billion) was added to the budget from the National Bank’s profits, and grants amounted to UAH 254.9 billion (UAH 268.3 billion).
Revenues from the single social contribution to pension and social insurance funds in January-August 2025 increased by 22.3% to UAH 423.5 billion, including in August by 21.0% to UAH 54.1 billion.
The Ministry of Finance also reported that as part of the financing of the general fund of the state budget, state borrowings to it in January-August 2025 amounted to UAH 1.24 trillion, or 106.1% of the plan, including UAH 345.5 billion received on the domestic market from the placement of government bonds (UAH 318.4 billion for the first eight months of 2024), including UAH 78.0 billion in foreign currency – $1.24 billion and EUR 557.7 million. At the same time, UAH 152.5 billion was raised through the issuance of military government bonds.
According to the release, about $21.4 billion or UAH 889.8 billion came from external sources, including about $13.3 billion under the ERA, with the total volume of this mechanism reaching $50 billion.
In addition, Ukraine received another EUR6.14 billion from the EU as part of the Ukraine Facility preferential long-term loan, $0.96 billion from the IMF, and $0.26 billion from the World Bank for the projects “Transforming Health through Reform and Investment in Efficiency” (THRIVE), “Creating Resilient Infrastructure in Vulnerable Environments in Ukraine” (DRIVE), and “Modernization of the Social Support System for the Population of Ukraine.”
Payments on the repayment of public debt for January-August 2025 amounted to UAH 404.0 billion, or 94.8% of the plan, and payments on servicing amounted to UAH 233.3 billion, or 82.3% of the plan.
As reported, the 2025 state budget was approved with revenues of UAH 2 trillion 327.1 billion, including the general fund – UAH 2 trillion 133.3 billion (excluding grants and international assistance), and expenditures of UAH 3 trillion 929.1 billion, including the general fund – UAH 3 trillion 591.6 billion. At the end of July, the Verkhovna Rada, at the government’s proposal, increased this year’s budget expenditures by UAH 400.5 billion and revenues by UAH 147.5 billion.
In 2024, the state budget received UAH 3 trillion 120.5 billion in revenues, which is UAH 448 billion, or 16.8%, more than the 2023 state budget. The general fund’s revenue growth amounted to UAH 513.9 billion, or 30.9%, to UAH 2 trillion 177 billion, in particular, international financial assistance in the form of grants amounted to UAH 453.6 billion compared to UAH 433.9 billion in 2023.
State budget expenditures in 2024 increased by UAH 464.5 billion, or 11.6%, compared to 2023, to UAH 4 trillion 479.3 billion, in particular, under the general fund – by 15%, or UAH 454.5 billion – to UAH 3 trillion 488.8 billion.
The National Bank of Ukraine considers the issuance of military domestic bonds (OVDPs) to be the main and most effective instrument for covering the budget deficit in wartime. This was announced by First Deputy
Head of the NBU Serhiy Nikolaychuk in an interview with the Interfax-Ukraine news agency.
According to him, high demand from banks and the population allows the Ministry of Finance to successfully place securities while maintaining macrofinancial stability. “OVDPs remain a safe and most transparent way to finance the state’s needs,” he said.
Taxes, fees, and mandatory payments to the general and special funds of Ukraine’s state budget for the first seven months of 2025 amounted to UAH 2.09 trillion, while cash expenditures amounted to UAH 2.78 trillion, which is approximately 41% and 24% higher than the corresponding figures for the first seven months of 2024.
According to operational data from the State Treasury Service published by the Ministry of Finance on its website on Tuesday, revenues to the general fund increased by 42% to UAH 1.47 trillion, while expenditures increased by 20% to UAH 2.17 trillion.
It is noted that after raising the military tax from 1.5% to 5% and introducing a condition for reserving salaries of UAH 20,000 this year, personal income tax and military tax came in second place in terms of revenues for the first seven months of this year, amounting to UAH 200.1 billion compared to UAH 117.0 billion last year.
In addition, the main revenues were provided by: VAT on goods imported into the customs territory of Ukraine – UAH 294.4 billion (from January to July 2024 – UAH 262.3 billion), VAT on goods produced in Ukraine – UAH 183.1 billion for reimbursement of UAH 101.5 billion (UAH 153.3 billion for reimbursement of UAH 83.6 billion), corporate income tax – UAH 160.5 billion (UAH 153.0 billion), excise tax – UAH 159.6 billion (UAH 109.7 billion).
In addition, dividends and part of the net profit of state-owned companies amounted to UAH 60.8 billion (UAH 64.6 billion), import and export duties – UAH 30.1 billion (UAH 27.6 billion), rent for the use of subsoil resources – UAH 22.0 billion (UAH 28.0 billion).
The Ministry of Finance added that another UAH 84.2 billion (UAH 38.6 billion) was added to the budget from the National Bank’s profits.
According to the information, the ERA mechanism launched by the G7 at the end of last year to use revenues from frozen Russian assets significantly increased grant international aid revenues to the budget – to UAH 210.9 billion compared to UAH 40.3 billion in the first seven months of 2024, although in July of both this and last year, these funds were not available.
Revenues from the single social contribution to pension and social insurance funds in January-July 2025 increased by 22.4% to UAH 369.4 billion, including in July by 20.4% to UAH 54.8 billion.
The Ministry of Finance also reported that as part of the financing of the general fund of the state budget, state borrowings to it in January-July 2025 amounted to UAH 998.0 billion (for 7 months of 2024 – UAH 873.2 billion), or 93.8% of the plan, including UAH 302.9 billion (UAH 279.2 billion) from the domestic market through the placement of government bonds, including UAH 61.8 billion in foreign currency – $853.8 million and EUR557.7 million. At the same time, UAH 140.3 billion was raised through the issuance of military government bonds.
According to the release, approximately $16.7 billion or UAH 695 billion (UAH 594 billion) was received from external sources, including approximately $12.1 billion under the ERA, out of the total amount of this mechanism of up to $50 billion.
In addition, Ukraine received another EUR3.1 billion from the EU under the Ukraine Facility preferential long-term loan, $0.96 billion from the IMF, and $0.26 billion from the World Bank for the projects “Transforming Health Care through Reform and Investments in Efficiency” (THRIVE), “Building Resilient Infrastructure in Vulnerable Environments in Ukraine” (DRIVE) and “Modernization of the Social Support System for the Population of Ukraine.”
Payments on public debt in January-July 2025 amounted to UAH 370.5 billion (UAH 259.1 billion), or 96.7% of the plan, and service payments amounted to UAH 198.5 billion, or 72.6% of the plan.
As reported, the 2025 state budget was approved with revenues of UAH 2 trillion 327.1 billion, including the general fund – UAH 2 trillion 133.3 billion (excluding grants and international assistance), and expenditures of 3 trillion 929.1 billion hryvnia, including the general fund – 3 trillion 591.6 billion hryvnia. Last week, the Verkhovna Rada, at the government’s proposal, increased this year’s budget expenditures by 400.5 billion hryvnia and revenues by 147.5 billion hryvnia.
In 2024, the state budget received UAH 3 trillion 120.5 billion in revenues, which is UAH 448 billion, or 16.8%, more than the 2023 state budget. The general fund’s revenue grew by 513.9 billion hryvnia, or 30.9%, to 2 trillion 177 billion hryvnia, including international financial assistance in the form of grants amounting to 453.6 billion hryvnia, compared to 433.9 billion hryvnia in 2023.
State budget expenditures in 2024 increased by UAH 464.5 billion, or 11.6%, compared to 2023, to UAH 4 trillion 479.3 billion, in particular, under the general fund – by 15%, or UAH 454.5 billion – to UAH 3 trillion 488.8 billion.
