Ukraine's State Budget Revenue Jumps 16%: How Over 546 Billion Hryvnias Were Spent.

Ukraine's State Budget Revenue in 2026

According to Novyny.live: In the first two months of 2026, Ukraine's state budget collected 302.5 billion hryvnias, marking a 16% increase compared to the same period in 2025. This represents a revenue growth of 41.7 billion hryvnias. The primary sources of this budget income were:

• Value-Added Tax (VAT) on imports,
• VAT on goods produced domestically,
• Personal income tax,
• The military levy.

Budget Expenditure and International Assistance

In February 2026 alone, revenue for the general fund of the state budget reached 161.9 billion hryvnias. However, despite this positive trend, a shortfall of 5.9 billion hryvnias was recorded, which is 1.9% below the planned target. Specifically, the plan was not met for the following items:

• VAT on domestically produced goods, falling short by 8.2 billion hryvnias (or 12.2%),
• Import VAT, falling short by 6.3 billion hryvnias (or 6.7%),
• Import duties, falling short by 489.6 million hryvnias (or 5.2%).

As noted by Roksolana Pidlasa, 'budget revenue collection is challenging, but not without positive aspects.'

Total state budget expenditures for January-February 2026 amounted to 546.5 billion hryvnias, which was accompanied by a 15.3% deviation from the planned spending. The main expenditure items of the general fund were:

• Defense – 327.4 billion hryvnias (59.9% of all expenditures),
• Debt repayment – 108.1 billion hryvnias,
• Social protection and veteran support – 68.5 billion hryvnias,
• Debt servicing – 49.4 billion hryvnias.

Other significant expenditures included basic and additional grants and subventions to local budgets totaling 36.2 billion hryvnias, the medical guarantees program (25.9 billion hryvnias), and teachers' salaries (24.5 billion hryvnias).

Furthermore, international aid received by Ukraine amounted to 164.3 billion hryvnias, while funds from domestic government bond sales raised 125.8 billion hryvnias. These financial indicators point to a complex yet progressing economic situation for the country. The budget figures reflect the ongoing economic pressures of sustaining the nation during a period of conflict.

The 16% year-on-year increase in budget revenue suggests some positive economic trends in Ukraine, despite the February collection shortfall. The primary spending categories, focused on defense and social protection, highlight the state's priorities amid economic and security instability. International aid and domestic borrowing remain crucial sources of budget financing, underscoring Ukraine's reliance on external financial inflows to support social programs and defense capabilities.