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Ukraine’s Draft 2027 Budget Allocates Record 4.9 Trillion Hryvnia to Defence

Securing roughly $52–53 billion in foreign aid will be essential to close the plan’s funding gap.

Overview

  • The government’s draft for 2027 channels about UAH 4.9 trillion to defence and security, equal to roughly two thirds of planned spending and about 44% of GDP.
  • Kyiv says it will need approximately $52–53 billion in external assistance next year to cover the shortfall between projected revenues of UAH 5.6 trillion and expenditures of UAH 7.3 trillion.
  • About one third of the defence allocation is set for personnel pay while the remainder is earmarked mainly for weapons, equipment and state guarantees for procurement.
  • Officials have pointed to rising war costs — which they estimate have climbed from roughly $116 million per day in 2022 to about $190 million now — as the main driver of the larger defence bill.
  • Parliament must review the draft before it votes in up to three readings by December 1 and lawmakers are advancing tax and customs reforms and discussing use of frozen Russian assets to unlock partner financing and meet funders’ conditions.