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Ukraine Budget Deficit

General government net lending/borrowing as % of GDP  GGXCNL_NGDP

-21.34% −4.13% (-24.0%)
Year 2025 Rank #185 Global Peak 4.95% (1999) Source IMF WEO

Ukraine Budget Deficit (1995–2025)

Overview

Ukraine's budget deficit stood at -21.34% in 2025, a decline of +4.13% from 2024. The IMF projects -21.34% by 2025. Ukraine ranked 185th globally.

Data & projection

Year Budget Deficit YoY change Rank
2030* IMF -2.01% - -
2029* IMF -2.23% - -
2028* IMF -3.35% - -
2027* IMF -4.56% - -
2026* IMF -10.14% - -
2025* IMF -21.34% - -
2025 -21.34% −4.13% #185
2024 -17.21% +2.13% #4
2023 -19.34% −3.74% #2
2022 -15.60% −11.63% #5
2021 -3.97% +1.95% #97
2020 -5.92% −3.84% #97
2019 -2.08% +0.04% #84
2018 -2.12% +0.23% #85
2017 -2.36% +0.10% #96
2016 -2.46% −1.30% #97
2015 -1.16% +3.30% #140
2014 -4.46% +0.32% #47
2013 -4.78% −0.48% #43
2012 -4.31% −1.55% #50
2011 -2.76% +3.01% #94
Show all years (1995-2025)
* IMF World Economic Outlook projection

Detected Pattern

Fiscal Dominance Trap
Government debt exceeding 80% of GDP with real interest rates negative and inflation above 10%. Monetary policy effectiveness impaired by fiscal pressures.
Inflation 20.2% Real rate -12.1%
Occurred 386 times, 278 successful
Inflation
28.2%
Real rate
-4.2%
Inflation
219.9%
Real rate
-47.4%
Inflation
28.3%
Real rate
-7.0%
Inflation
91.4%
Real rate
-26.9%
Inflation
13.6%
Real rate
-0.9%
Inflation
133.5%
Real rate
-17.3%

Analysis

Ukraine matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw budget deficit improve within 24 months. View full analysis →

Frequently Asked Questions

What is Ukraine's budget deficit?

Ukraine's budget deficit was -21.34% in 2025. Ranked 185th globally. This represents a 24.0% decrease from the previous year.

What was the highest budget deficit in Ukraine?

Ukraine's budget deficit peaked at 4.95% in 1999.

What was the lowest budget deficit in Ukraine?

The lowest budget deficit in Ukraine was -21.34% in 2025.

How does Ukraine rank in budget deficit?

Ukraine ranks 185th globally in budget deficit as of 2025.

What is the World Bank indicator code for budget deficit?

The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.

What is the projected budget deficit of Ukraine in 2025?

Ukraine's budget deficit is projected to reach -21.34% by 2025 based on IMF projection.

What is the budget deficit of Ukraine in 2025?

The budget deficit of Ukraine in 2025 was -21.34%. This ranks 185th in the world.

Cite this page

APA
Ukraine Budget Deficit. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/ukraine/budget-deficit
BibTeX
@misc{historysaid_ukraine_budget-deficit, title = {Ukraine Budget Deficit}, url = {https://historysaid.com/ukraine/budget-deficit}, publisher = {HistorySaid}, year = {2026} }