Economic expert Daniil Monin has commented on Ukraine's 2026 budget, whether there is funding to continue the war, and whether Europe will be able to cover the gaps, according to Politeka.
He spoke about this in the program “Dialogues” with Ruslan Bortnik.
“In fact, the main point of the 2026 budget is war until the end of 2026. Even though they say military spending has increased only slightly, that's not really the case. The base budget adopted for 2025 assumed domestic security spending at 2.2 trillion, and now the proposed budget is 2.8 trillion,” noted Daniil Monin.
The other issue, he states, is financing, because the budget does not specify a source for $18 billion. Nevertheless, the expert highlights a nuance: according to plans agreed with the IMF, Ukraine will have transitional reserves of about $17 billion at the end of this year. Therefore, in his opinion, the funding issue is almost resolved.
Moreover, the program guest adds, Europe is discussing the use of frozen Russian assets — which are accumulating interest — and possibly even providing loans secured against them.
“Although, in my view, for the EU to additionally finance Ukraine in the form of loans, or by launching a new program, or expanding an existing one by €20 billion — that’s absolutely no problem. That’s peanuts, really, for the EU. Because if you compare it with something like COVID — when in 2020 they were so scared they printed €3 trillion... So what are €20 billion for the EU in that kind of budget?” Daniil Monin emphasized.
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