Ukraine's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1990-2029)

Ukraine's fiscal history reflects periods of economic turbulence and external shocks. Following surpluses in 1999 (5.0%), deficits widened significantly during the global financial crisis, reaching -6.3% in 2009. The ongoing conflict since 2014 has imposed severe fiscal strains, with deficits peaking at -15.7% in 2022 due to war expenditures.

Projections suggest recovery, with deficits narrowing to -2.3% by 2029 as Ukraine rebuilds its economy and implements fiscal reforms. However, long-term stability remains contingent on sustained peace and economic recovery.