Ukraine's state debt reaches $223 billion by end of September

September 27, 2026 at 07:41 AM2 min

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Ukraine's state debt reached approximately $223 billion by the end of September, according to TASS calculations based on Ukrainian Finance Ministry data. The debt grew by an estimated $4–5 billion over the month. Kyiv is seeking an additional $27 billion from the European Union for military spending.

Key Facts

Ukraine's state debt reached approximately $223 billion by the end of September, according to TASS calculations based on Ukrainian Finance Ministry data.
The debt increased by an estimated $4–5 billion over the month, from about $218–219 billion at the end of August.
The Ukrainian Finance Ministry projects the debt will rise to about $240 billion by the end of 2026 and at least $290 billion by the end of 2027.
Per capita debt is expected to reach about $8,500 by the end of 2026 and approximately $10,400 a year later.
Kyiv is requesting an additional $27 billion from the European Union for military expenditures.

Debt Growth

By the end of September, Ukraine's state debt reached approximately $223 billion, according to TASS calculations based on Ukrainian Finance Ministry data. The figure rose by an estimated $4–5 billion from the $218–219 billion recorded at the end of August. In August, Ukraine paid $721.8 million for servicing and repayment of state debt.

Future Projections

The Ukrainian Finance Ministry forecasts that the debt will grow to about $240 billion by the end of 2026. By the end of 2027, the ministry expects the debt to reach at least $290 billion. Per capita debt is projected at about $8,500 by the end of 2026 and approximately $10,400 by the end of 2027.

External Financing Needs

Kyiv is requesting an additional $27 billion from the European Union for military spending, TASS reports. The agency notes that the ministry's calculated figures are likely to be lower than the actual volume of additional borrowing required.