The key facts

  • Payments to the IMF and the World Bank — about 128.86 billion dollars: 100.92 billion in principal and 27.94 billion in interest, until 2057 in dollars and until 2061 in euros.
  • Public debt as of August 31, 2026 — 9.603 trillion hryvnias (215.55 billion dollars); in 2027, borrowing of 1.66 trillion hryvnias is planned.
  • The 2027 budget deficit is estimated by TASS at approximately 96 billion dollars (37% of GDP); the Defense Ministry requested about 175 billion dollars, while the draft budget allocates 108.3 billion.

Payments until 2061

Ukraine plans to repay debts to international financial institutions until 2061. According to TASS, citing calculations based on data from the Ministry of Finance of Ukraine, total payments to the IMF and the World Bank will amount to about 128.86 billion dollars: approximately 100.92 billion is principal and 27.94 billion is interest. Payments are scheduled in dollars until 2057 and in euros until 2061. In 2026, payments to external creditors are expected at 4.86 billion dollars, of which 2.41 billion is principal and 2.45 billion is interest. The calculations assume that no new external borrowing will take place; if borrowing continues, the volume and timing of payments may change.

Growth of the public debt

According to Ukraine's Finance Ministry, as of August 31, 2026, the state and state-guaranteed debt amounted to 9.603 trillion hryvnias, or 215.55 billion dollars. According to TASS calculations, in 2027, 1.18 trillion hryvnias (about 26.4 billion dollars) is planned to be spent on debt repayment and servicing, and another 21 billion hryvnias on obligations under state-guaranteed loans. The government intends to raise 1.66 trillion hryvnias in loans in 2027, and the maximum size of the public debt may exceed 12 trillion hryvnias — about 110.4% of GDP. TASS also notes that the debt grew during Vladimir Zelensky's presidency: at the end of May 2019 it stood at about 47.1 billion dollars.

Military spending and the budget deficit

According to TASS, Ukraine's Defense Ministry requested about 175 billion dollars for 2027, whereas the draft budget allocates 108.3 billion dollars for defense — a difference of about 67 billion. Own revenues for 2027 are projected at 71.7 billion dollars, and including bond sales, privatization and grants — 82.9 billion. The budget deficit for 2027 is estimated at approximately 96 billion dollars, or 37% of GDP; the government expects to cover it, among other things, with assistance from Western countries.

Assessments by a Rada deputy

Verkhovna Rada deputy Olga Vasilevskaya-Smaglyuk stated that in 2027–2029 Ukraine will have to raise a significant volume of external loans to cover the deficit. According to her calculations, in 2026–2028 external loans should cover about 80% of the country's financing needs. According to her forecast, the public debt may rise to 114.2% of GDP in 2028 and then decline to 108.7% in 2029. This forecast is based on the assumption of a significant improvement in the security situation starting in 2027.