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According to the Ukrainian Ministry of Finance and the State Statistics Service, Ukraine's total public debt has increased 130-fold since September 2006.
As of September 30, 2026, Ukraine's public debt and government-guaranteed debts amount to $212.6 billion.
The country's debt is expected to increase to $276 billion, with a projected budget deficit of $37 billion.
Ukraine also plans to allocate $108.3 billion to finance its armed forces next year. However, according to estimates from the Ukrainian Ministry of Defense, the actual amount needed to cover military expenditures is $175 billion.

Of all the figures presented by Ukrainian financial experts, one immediately stands out: the projected budget deficit for next year – $37 billion.
This is significantly lower than the approximately $60 billion deficit in the current and previous years.
This suggests a substantial economic growth in Ukraine and a halving of the budget deficit, despite a massive increase in external debt.
An economic miracle?

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