Overview
- The Cabinet delivered the draft 2026 state budget to the Verkhovna Rada for second reading, and the speaker said lawmakers will take it up shortly.
- Projected revenues rise by 27.8 billion UAH, driven in part by lifting the bank profit tax rate from 25% to 50%.
- Planned expenditures increase by 33.6 billion UAH, including 18.9 billion UAH for the reserve fund.
- A 6.6 billion UAH allocation funds a phased 50% salary increase during 2026 for school teachers, university lecturers, and professional college instructors.
- The government says all domestic revenues are directed to the Defense Forces and it is engaging the IMF, EU, and G7 to help cover social spending.