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Budget Reforms

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EU closes 2026 funding debate, shifts focus to accelerated 2027 disbursements
international19 hours ago

EU closes 2026 funding debate, shifts focus to accelerated 2027 disbursements

The European Commission and Ukraine have agreed that all financial and military needs for 2026 are fully covered, resolving a dispute that began in August over a reported $27 billion shortfall. The agreement prioritizes accelerating the release of the second €45 billion tranche of the €90 billion support loan for 2027, contingent on Kyiv meeting strict reform conditions. While 2026 is settled, attention now turns to a projected $78 billion deficit for 2027, with both sides committing to monthly coordination to identify additional funding needs.