Verkhovna Rada adopts 2027 state budget draft in first reading

On Wednesday, 28 October, the Verkhovna Rada adopted the draft state budget for 2027 in first reading. 239 MPs voted in favour of the initiative.

Largest projected spending on national defence

The government submitted the document to parliament on 15 September. An analysis of the financial plan indicates that the largest share of funds is allocated to the security and defence sector. UAH 4.885 trillion has been earmarked for these needs.

Review of thousands of amendments and key changes

Prior to the vote, the budget committee analysed 5,236 amendments from MPs and formulated the relevant conclusions. Among the priority areas designated for funding are:

• increasing the level of monetary remuneration for military personnel;
• raising state guarantees for enterprises of the defence-industrial complex to UAH 60 billion;
• support for the education, healthcare, and local communities sectors.

Next steps in the law adoption process

The Cabinet of Ministers must now take into account the parliament’s budget conclusions and refine the text of the bill for further consideration. The final adoption of the 2027 state budget is expected to take place as early as November.