Zelensky: Ukraine still needs to close $4 billion budget deficit

Ukrainian President Volodymyr Zelensky has said the country still needs to find financing to cover a $4 billion deficit in the state budget.

According to Zelensky, Ukraine's Finance Ministry has already identified possible funding sources covering $3 billion of that sum, but final agreements on this amount with potential funders have not yet been reached.

Gap remains unresolved

This leaves a shortfall of at least $1 billion between what is needed and what has so far been identified, meaning the government must continue working to secure additional resources and finalize the necessary arrangements.

Zelensky did not specify which sources the missing funding might come from, nor did he give a timeline for resolving the issue. He also did not detail how the already-identified $3 billion would be used or what conditions might be attached to it.

Context

Ukraine's state budget has for several years operated under the strain of financing the war against Russia's invasion, with a significant share of spending directed toward defense and security. This leaves the country reliant on external financing and the support of international partners to cover budget needs that exceed domestic revenue.

Zelensky's statement indicates that efforts to secure budget financing are ongoing, with the government pursuing various options to reach the needed agreements. It remains unclear whether and when the full required amount will be secured.