Finance Minister Sergiy Marchenko says the government has reached its fiscal limit, forcing postponement of non-essential spending to December and raising risks of delayed social payments, hryvnia depreciation, and price growth.
Ukraine's Finance Minister Sergiy Marchenko warned on Tuesday that the government has reached the limit of its fiscal capacity, raising the possibility of delayed social payments, a weakening hryvnia, and accelerating inflation. Speaking to reporters, Marchenko said a shortage of funds in the state budget has compelled authorities to shift all expenditures not directly tied to defense or social obligations to December, while other programs and projects have been suspended indefinitely.
The minister emphasized that delays to social payments are not currently planned, but he could not rule them out entirely given the revenue shortfall. He expressed hope that salary payments to public sector workers would not be affected. The remarks underscore the mounting pressure on Ukraine's public finances as the war continues to drain resources and limit revenue collection.
Marchenko's comments come as the government prepares a revised budget for the final months of the year, with defense spending consuming the lion's share of available funds. The hryvnia has already faced downward pressure in recent weeks, and economists warn that any disruption to social transfers could deepen household vulnerability and fuel price increases.
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