Ukraine Fiscal Expenditure
Ukraine · Monthly series · EC-UA-FE
Latest, September 2026
4.80T UAH
+14.8% from August 2026
Forecast
Forecast for September 2027: 6.24T UAH, with an 80% interval of 4.66T UAH to 8.25T UAH.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| October 2026 | 5.51T UAH | 5.09T UAH | 5.93T UAH |
| November 2026 | 6.15T UAH | 5.70T UAH | 6.73T UAH |
| December 2026 | 7.07T UAH | 6.02T UAH | 8.25T UAH |
| January 2027 | 415.15B UAH | 183.10B UAH | 767.14B UAH |
| February 2027 | 849.19B UAH | 561.11B UAH | 1.28T UAH |
| March 2027 | 1.65T UAH | 1.13T UAH | 2.35T UAH |
| April 2027 | 2.44T UAH | 1.70T UAH | 3.36T UAH |
| May 2027 | 3.23T UAH | 2.41T UAH | 4.25T UAH |
| June 2027 | 3.87T UAH | 2.87T UAH | 5.08T UAH |
| July 2027 | 4.73T UAH | 3.40T UAH | 6.26T UAH |
| August 2027 | 5.46T UAH | 4.26T UAH | 6.96T UAH |
| September 2027 | 6.24T UAH | 4.66T UAH | 8.25T UAH |
AI confidence
Supported evidenceThe point forecast beat the no-change baseline overall and in a majority of the evaluated tests.
Model: Agentic Investor TSFM (foundation model)
- Accuracy vs naive
- +76%Beats the no-change baseline over 12 tests (12 tests, 12 won)
- Direction
- 91%Beats a coin flip (131 of 144 calls right in 12 tests)
- Turning points
- 24 of 24Anticipated most turns (24 turns in 12 tests, 0 without a turn)
- Error vs baseline
- 76% lowerError ratio 0.24; 1.00 is a tie.
- Tests won
- 12 / 12Complete rolling backtests; ties count as no win.
- Test period
- 2014-10-01 to 2026-09-0112 observations ahead per test.
- 80% band coverage
- 79%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-15 against the cached history through 2026-09-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Reading
It is above 99% of the 119 earlier readings since October 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| September 2026 | 4.80T UAH |
| August 2026 | 4.18T UAH |
| July 2026 | 3.44T UAH |
| June 2026 | 2.83T UAH |
| May 2026 | 2.26T UAH |
| April 2026 | 1.71T UAH |
| March 2026 | 1.15T UAH |
| February 2026 | 658.45B UAH |
| January 2026 | 286.24B UAH |
| December 2025 | 5.47T UAH |
| November 2025 | 4.54T UAH |
| October 2025 | 4.08T UAH |
| September 2025 | 3.64T UAH |
| August 2025 | 3.24T UAH |
| July 2025 | 2.78T UAH |
| June 2025 | 2.42T UAH |
| May 2025 | 1.99T UAH |
| April 2025 | 1.56T UAH |
| March 2025 | 1.16T UAH |
| February 2025 | 767.25B UAH |
| January 2025 | 353.78B UAH |
| December 2024 | 4.49T UAH |
| November 2024 | 3.78T UAH |
| October 2024 | 3.35T UAH |
Source
Data: public market data feeds.
More from Agentic Investor
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Also stored for Ukraine
- Ukraine Balance Of Trade
- Ukraine Bank Lending Rate
- Ukraine Banks Balance Sheet
- Ukraine Business Confidence Index
- Ukraine CPI Transportation
- Ukraine Capital Flows
- Ukraine Cement Production
- Ukraine Central Bank Balance Sheet
- Ukraine Changes In Inventories
- Ukraine Consumer Confidence Index
- Ukraine Consumer Credit
- Ukraine Consumer Price Index