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Cabinet adopts necessary decisions to unblock international assistance

Cabinet adopts necessary decisions to unblock international assistance
Photo: Prime Minister of Ukraine Serhiy Koretskyi / Facebook

The Government of Ukraine has completed its part of the commitments necessary to receive international financial assistance in 2026. The Cabinet of Ministers adopted all planned resolutions, orders and other regulatory documents by the established deadline — October 15. Now further receipt of funds depends on approval procedures with international partners and the adoption of necessary laws by the Verkhovna Rada.

This was reported on October 15 by Prime Minister of Ukraine Serhiy Koretskyi, according to the Cabinet of Ministers of Ukraine.

According to the head of government, the Cabinet fulfilled its promise to complete its part of the work by mid-October. This concerns 42 decisions related to Ukraine's commitments to international financial partners.

Initially, the government planned to adopt these documents by November 1. However, due to the difficult situation with public finances and delays in external financing, the deadline was moved to October 15.

As early as September 30, the Cabinet reported completion of only 17 of 42 planned decisions. Thus, during the first half of October, the government had to complete work on the remaining 25 documents.

Completion of the government stage does not mean automatic transfer of money to Ukraine. As Koretskyi explained, it is now necessary to send relevant requests to the European Commission, after which mandatory approval procedures with EU countries must take place.

Similar mechanisms are provided for receiving financing from international partners outside the EU. The Prime Minister emphasized that the government intends to accelerate each of these stages so that funds arrive as early as possible.

Which Verkhovna Rada decisions financing depends on

In addition to government resolutions, Ukraine must fulfill legislative commitments stipulated by agreements with international partners. To do this, the Verkhovna Rada must adopt a number of bills related to economic reforms, public administration and the financial system.

Koretskyi reported that this week the parliament supported several important legislative initiatives under the Ukraine Facility program, agreements with the International Monetary Fund and other international support mechanisms.

However, the decisions adopted cover only part of the commitments. According to the Prime Minister, the next plenary weeks will also be crucial for receiving international financing in full.

Back in September, the government reported that 27 bills were in the Verkhovna Rada, the adoption of which is necessary to fulfill agreements with partners. Among the envisaged changes are improving VAT administration, bringing transfer pricing to international standards, reforming capital market infrastructure and certain state institutions.

The head of government emphasized that ministers are ready to work with parliamentary committees and deputy groups, provide necessary materials and participate in the preparation of the remaining bills.

Ukraine risks not receiving part of international assistance

Earlier, Koretskyi warned that due to untimely fulfillment of agreed conditions, Ukraine may not receive a significant part of the 29.5 billion dollars in international financing planned for 2026.

The funds are planned within several external support mechanisms, including the Ukraine Facility, the Ukraine Support Loan and other programs. Their receipt is linked to Ukraine's fulfillment of certain conditions and the passage of approval procedures.

According to the Prime Minister, international assistance is needed to balance the state budget, timely finance social expenditures and meet the needs of the Defense Forces.

Due to delays in receipts, the government changed budget expenditure priorities as early as the end of September. Funding is primarily directed to defense, military pay, pensions, social benefits and salaries for public sector employees.

Expenditures that are not priority and critically important may be temporarily postponed until additional financing from partners is received. The Cabinet also announced a transition to a regime of maximum economy of state funds.

A separate problem remains financing additional defense needs. In September, Koretskyi estimated them at 27 billion dollars, of which about 7 billion the government expected to cover through internal savings. Additional external sources and other financial mechanisms are being considered to cover the remaining need.

Thus, the Cabinet's completion of all 42 decisions removes part of the obstacles to receiving international assistance. However, the final volume and timing of further receipts will depend on Verkhovna Rada votes, confirmation of fulfillment of agreed conditions and decisions of international partners.

Koretskyi has not yet named specific dates for the transfer of funds following the completion of government commitments.