Overview

• The new IMF tables show Ukraine’s ratio rising from 89.7% of GDP in 2024 to 108.6% in 2025 and 110.4% in 2026, before easing to 94.1% by 2030.
• Kyiv faces a record 2024 budget gap of $43.9 billion and continues to depend on aid from international partners.
• IMF mission chief Gavin Gray warns that foreign support for Ukraine will decline over time, pressing the government to develop domestic funding sources.
• The report estimates Russia’s 2025 government debt at 23.1% of GDP, the lowest level among G20 members.
• IMF analysis forecasts global public debt above 100% of world GDP by 2029, with a 5% risk scenario reaching 123% and guidance for low-revenue countries to raise tax intake above 15% of GDP.