Update
Ukrainian State Loan to Exceed 100% GDP by 2026-2028
The State and Guaranteed Loan of Ukraine is expected to exceed 100% of its Gross Domestic Product (GDP) by 2026-2028. The main reasons are significant budget deficits, weak economic growth, and increased spending on defense and infrastructure restoration. The National Bank of Ukraine (NBU) provided this forecast in its October Inflation Report. The NBU also revised its budget deficit forecast, taking into account the lack of international financial support in the form of grants.