Long-term Economic Expectations / Ukraine
04 / 06

Key Fiscal Balance and Public Debt Indicators in Ukraine

You can find the requested data in the table below:

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IndicatorSource20222023202420252026'F2027'F2028'F2029'F2030'F2031'F
General government balance*, % of GDPIMF WEO (April 2026)-15.6-19.3-17.2-23.3-18.4-17.7-7.42-2.87-2.00-1.30
IMF (February 2026), downside-21.7-20.4-12.9-5.20-1.70-0.50
EC (May 2026)-13.3-9.20
NBU (April 2026)-25.3-26.6-23.8-24.7-19.2-17.7-10.9
KSE (April 2026)-18.2-13.3-9.70-5.60
Dragon Capital (March 2026), baseline-21.0-21.0
Gross government debt*, % of GDPIMF WEO (April 2026)77.781.289.7108.7122.6137.1135.5131.9125.7119.6
EC (May 2026)97.793.9
KSE (April 2026)103.5109.9103.793.7
Notes
  • — 2022-2025 data are from the IMF WEO database (April 2026)
  • — Public debt projections from the EC exclude ERA loans and USL, in line with the treatment applied in the Debt Sustainability Analysis of the IMF programme. Were all ERA loans and USL included, public debt would increase to 139.9% of GDP in 2026, and 151.8% of GDP in 2027.
  • — NBU forecast for the general government balance excludes grants from revenues.
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