When Ukraine make Europe bankrupt and at World War III: as for 2026, Kiev will earn 49 bn., EU must give $58 bn.

 Ukraine submits draft 2026 budget amid rising financing gap projections

The United States releases 61 billion dollars to help Ukraine - Cartooning  for Peace
By Katerina Hudunova

Ukraine’s Cabinet of Ministers approved on Sept. 15 the draft State Budget for 2026 and submitted it to the parliament for consideration, Prime Minister Yuliia Svyrydenko announced.

The move comes as the International Monetary Fund reportedly warned that Ukraine’s financing needs over the next two years could exceed government estimates by $10–20 billion.

The projected budget deficit stands at 18.4% of GDP, with the need for external financing estimated at Hr 2.079 trillion ($49 billion).

Ukraine is heavily reliant on Western support for budget support. Then-Prime Minister Denys Shmyhal said on April 25 that Kyiv expected to receive over $39 billion in confirmed budget support from international partners in 2025. The U.S. began reducing how much it gave in October 2023.

Rosa-Luxemburg-Stiftung Brussels Office | Europe: ruin or renewal | Call  for Tenders: Booklet “A Militarised Union” – 2nd Edition

While the government in Kyiv maintains its previous estimate of needing up to $37.5 billion annually, the IMF believes the requirement could be $10–20 billion higher, Bloomberg reported last week.

Disagreements reportedly emerged during IMF staff meetings in Kyiv last week, where discussions focused on Ukraine’s external financing needs for 2026–2027.

According to Svyrydenko, the key priorities of the 2026 budget are national security, defense, and social stability.

Total expenditures are projected at Hr 4.8 trillion ($116.5 billion), an increase of Hr 415 billion ($10 billion) compared to 2025. Revenues are expected to reach Hr 2.826 trillion ($49 billion), up Hr 446.8 billion ($11 billion) from the previous year.

“The main priority of the budget is security and defense, our social stability,” Svyrydenko said.

“The government is directing all of its own revenues and borrowings to Ukrainian forces — financial support for the military and their families, strengthening air defense, and the development and manufacture of our own weapons, including drones,” Svyrydenko added.

Ukraine’s draft state budget for 2026 allocates Hr 2.8 trillion ($68.3 billion) to defense spending, an increase of Hr 168.6 billion ($4.1 billion) compared to 2025. Of this amount, at least Hr 44.3 billion ($1.08 billion) is designated for the domestic production of weapons, including Ukrainian-made ammunition, missiles, air defense systems, aviation, and armored vehicles.

The government also plans significant increases in funding for education, healthcare, pensions, and the social sector. Spending on education will reach Hr 265.4 billion ($6.47 billion), which is Hr 66.5 billion ($1.62 billion) more than in 2025.

Support for science will grow to Hr 19.9 billion ($485 million), an increase of Hr 5.4 billion ($132 million) from the previous year. Healthcare spending will total Hr 258 billion ($6.29 billion), up Hr 38 billion ($927 million) from 2025 levels.

Pension payments are projected at Hr 1.027 trillion ($25.05 billion), an increase of Hr 123.4 billion ($3.01 billion), with pension indexation included in the draft. Meanwhile, Hr 467.1 billion ($11.39 billion) will be allocated to the social sector, Hr 45.3 billion (about $1.1 billion) more than the previous year.

https://kyivindependent.com/ukraine-submits-draft-2026-budget-amid-rising-financing-gap-projections/

 

 

Germany pledges big military aid package to Ukraine as Kyiv puts 2026 defense needs at $120 billion

Cagle.com
  • Pistorius said that Germany would buy $500m worth of US weapons for Ukraine
  • He said that Germany would separately provide “another two Iris-T air defense systems, including a large number of guided missiles”

BRUSSELS: Germany on Wednesday pledged more than $2 billion in military aid for Ukraine, as the government in Kyiv signaled that it would need $120 billion in 2026 to stave off Russia’s nearly four-year all-out war.

Defense Minister Boris Pistorius said that Germany would buy $500 million worth of US weapons for Ukraine under a new program to fast-track military equipment. Estonia, Finland, Lithuania and Sweden said that they would also participate in the funding initiative.

Pistorius said that Germany’s “package addresses a number of urgent requirements of Ukraine. It provides air defense systems, Patriot (missile) interceptors, radar systems and precision guided artillery, rockets and ammunition.”

Deficit spending | The Week

He said that Germany would separately provide “another two Iris-T air defense systems, including a large number of guided missiles, as well as shoulder-fired air defense missiles.” Anti-tank weapons, communication devices and hand-held weapons would also be delivered.

NATO’s fast-track funding program

Over the summer, the trans-Atlantic alliance started to coordinate regular deliveries of large weapons packages to Ukraine to help fend off Russia’s war. The aim was to send at least one load a month of targeted and predictable military support, each worth around $500 million.

Spare weapons stocks in European arsenals have all but dried up, and only the United States has a sufficient store of ready weapons that Ukraine most needs.

Under the financial arrangement — known as the Prioritized Ukraine Requirements List, or PURL — European allies and Canada are buying American weapons to help Kyiv keep Russian forces at bay. About $2 billion worth had previously been allocated since August.

Finland’s defense minister, Antti Häkkänen, said that his country has “decided to join the PURL, because we see that it’s crucial that Ukraine gets the critical US weapons.” Finland will also provide a separate package of its own military equipment.

Swedish Defense Minister Pål Jonson said that “Sweden stands ready to do more.” He welcomed discussions among other Nordic countries and the Baltic nations — Estonia and Lithuania — on helping to make up another load too.
Military aid to Ukraine versus yearly defense spending (OC) : r/MapPorn
Ukraine’s striking needs for 2026

Germany’s pledge came after a meeting of NATO defense ministers in Brussels, as Ukraine’s Western backers gathered to drum up more military support for their beleaguered partner.

Ukrainian Defense Minister Denys Shmyhal put his country’s defense needs next year at $120 billion.
MILITARY: Russia defence budget infographic
“Ukraine will cover half, 60 billion, from our national resources. We are asking partners to join us in covering the other half,” he said. He said that “the most efficient, effective, fast” way for Kyiv’s backers to do that would be “to dedicate no less than 0.25 percent of their GDP (gross domestic product) to military support.”

Air defense systems are most in need. Shmyhal said that last month alone, Russia “launched over 5,600 strike drones and more than 180 missiles targeting our civilian infrastructure and people. Therefore, on the eve of winter, it is very critical to provide us with necessary equipment to repel such attacks.”

Dwindling support

The new pledges of support came a day after new data showed that foreign military aid to Ukraine had declined sharply recently. Despite the PURL program, support plunged by 43 percent in July and August compared to the first half of the year, according to Germany’s Kiel Institute, which tracks such deliveries and funding.

Jonson said that Sweden believes its aid “is critical now, because we’ve been seeing the wrong trajectory when it comes to support to Ukraine, that it’s been going down and we want to see more stepping up.”

Estonian Defense Minister Hanno Pevkur also expressed concern about a drop in Western backing, noting that “the reality is that the share of the US contributions to Ukraine has decreased significantly this year.”

US Defense Secretary Pete Hegseth said that “all countries need to translate goals into guns, commitments into capabilities and pledges into power. That’s all that matters. Hard power. It’s the only thing belligerents actually respect.”

The Trump administration hasn’t donated military equipment to Ukraine. It has been weighing whether to send Tomahawk long-range missiles if Russia doesn’t wind down its war soon, but it remains unclear who will pay for those weapons, should they ever be approved.

Sharing the burden

Criticism has mounted that France, Italy and Spain aren’t doing enough to help Ukraine, and Häkkänen called on all 32 NATO allies to take on their “fair share of the burden,” saying that “everyone has to find the money because this is a crucial moment.”

France and Italy are mired in debt and struggling to raise money just to meet NATO’s defense spending targets. Spain says it has other economic concerns and insists that it makes up for its spending gap at NATO by deploying troops on the alliance’s missions.

France also believes that European money should be spent on Europe’s defense industry, not in the United States, and it doesn’t intend to take part in PURL.

Source :

Arab News

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