Ministry of Finance: Drafting of Ukraine’s 2027 State Budget underway

The Ministry of Finance of Ukraine is actively engaged in the budgeting process—drafting the Law of Ukraine “On the State Budget of Ukraine for 2027.” This work is being carried out in accordance with the stages and deadlines set forth in the Budget Code of Ukraine. Currently, expenditure thresholds and State Budget allocations are being communicated to the main budget administrators (MBAs), along with instructions for preparing budget requests.

What’s the next step

Throughout August—the Ministry of Finance will receive budget requests from the MBAs and hold discussions with them;

by September 8—the draft Law “On the State Budget of Ukraine for 2027” shall be submitted to the Cabinet of Ministers for consideration;

by September 15—the draft state budget, approved by the Government, shall be submitted to the Verkhovna Rada for consideration.

What has been done so far

On June 17, the Cabinet of Ministers approved the Budget Declaration for 2027–2029—a medium-term document that sets out the principles of the state’s budget policy for the next three years and provides for gradual fiscal consolidation on the path to macroeconomic stability and recovery. The Declaration has been submitted to the Verkhovna Rada of Ukraine for consideration.

The same day, the Government approved the Medium-Term Plan for Priority Public Investments for 2027–2029—a document that defines the priority areas and volumes of public investment for the next three years and takes effect simultaneously with the approval of the Budget Declaration.

Based on this plan, the Ministry of Finance received from the Ministry of Economy, Environment and Agriculture the Unified Project Portfolio of Public Investments, approved by the Strategic Investment Council, and began preparing the draft State Budget for 2027.

Work on the draft State Budget for 2027 is being conducted transparently and within the timeframes established by budget legislation.