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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Ukraine Plans to Reduce Military Spending Starting 2026


Mon 01 Jul 2024 | 07:52 PM
Israa Farhan

Ukraine is set to decrease its expenditure on defense and security starting from 2026, as outlined by Yaroslav Zheleznyak, a member of the Ukrainian parliament, citing insights from the 2025-2027 budget declaration.

As detailed on his Telegram channel, military expenditures for 2025 are projected at 2.2 trillion hryvnia (about $54.5 billion). 

However, budgets for 2026 and 2027 will see reductions to 1.6 trillion hryvnia ($39.6 billion) and 1.5 trillion hryvnia ($37.2 billion), respectively.

The move reflects Ukraine's fiscal challenges, with a significant portion of its revenues currently allocated to defense. 

Observers, including Strana publication, suggest these adjustments indicate a strategic anticipation of reduced hostilities by 2025.

President Volodymyr Zelensky emphasized on June 28 that Kyiv aims to resolve the conflict promptly, planning comprehensive strategies for energy, food security, and prisoner exchange by year-end.

During his visit to Brussels on June 27 for the EU summit, Zelensky stressed Ukraine's desire to prevent prolonged conflict and minimize battlefield losses.