Ukraine’s Budget Is Short of Money Again: What Can Be Done?

The Centre for Economic Strategy (CES) invites you to join our September review of the Ukrainian economy, featuring a special focus on the topic: “Ukraine’s Budget Is Short of Money Again: What Can Be Done?”

Ukraine is once again facing a significant budget deficit. Liquidity pressures have already begun to emerge, while the funding gap in the defence budget for this year is estimated at $27 billion, with a projected gap of $32.6 billion for next year. The reasons are not only the slow disbursement of international commitments, on which a significant share of Ukraine’s financing depends, but also the rising cost of waging the war.

According to Finance Minister Serhii Marchenko, Ukraine’s budget situation is currently the most difficult it has been since 2022.

How can the government navigate this challenging period, and which expenditures may have to be cut? We will discuss these questions on September 24 at 4:00 PM Kyiv time on Zoom.

Additionally, we will review the changes in the Ukrainian economy over the past month. Traditional monthly reports are available on our website, and data visualization is accessible in the War-Time Economy Tracker.

Agenda:

16:00 – 16:05 Moderator’s welcoming remarks.

16:05 – 16:20 Presentation of the monthly economic outlook, CES team.

16:20 – 16:30 Review of the special topic, Oleksandra Myronenko, Economist at the Centre for Economic Strategy.

16:30 – 17:30 Panel discussion and Q&A. Speakers:

• Olena Bilan, Head of Research, Chief Economist at Dragon Capital;
• Volodymyr Lepushynskyi, Deputy Governor of the National Bank of Ukraine;
• Roksolana Pidlasa, Chairman of the budget committee of the Verkhovna Rada;
• Roman Yermolychev, First Deputy Minister of Finance of Ukraine.

Moderator: Hlib Vyshlinsky, Executive Director of the Centre for Economic Strategy.

The event will be held in Ukrainian with simultaneous interpretation into English.

This event is funded by UK International Development from the UK government. However, the views expressed do not necessarily reflect the UK government’s official policies.