Mykolaiv changes draft budget for 2026 after working with deputy commissions

Mykolaiv has changed the draft budget for 2026, Photo: _nikvesti

The draft budget of the Mykolaiv city territorial community for 2026 has been amended after discussion with the Council Committee, including the budget and publicity committees.

The updated version of the document was announced by the mayor during a meeting of the executive committee, which was agreed by the members of the executive committee, NikVesti reports.

During the meeting of the executive committee, the mayor stressed that the budget for 2026 is actually a subsistence budget and does not cover all the needs of the community.

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«There is still a session of the city council to be held at 13:00, where we will consider this budget. But the fact remains that no matter how much we divide it, there is no more money. We are not talking about full-fledged capital or current expenditures now — this is, in fact, a subsistence budget,» said the mayor.

Oleksandr Sienkevych also added that after working with the Council Committee, it became clear that the funds allocated in the budget cover only a part of the city's real needs.

«We worked with the Council Committee and came to the conclusion that today we are budgeting an amount that still does not meet the real needs. The money we have for the next year is about 82% of the required amount,» the mayor concluded, adding that the city is counting either on government support or on positive changes in the country, including the end of the war.

Executive committee meeting, screenshot from the broadcast

Updated version of the draft budget for 2026

The budget revenues for 2026 remained at the previous level — ₴5 billion 546 million.

At the same time, there was a redistribution between funds. The general fund revenues were reduced by ₴1 billion to ₴4 billion 472 million, while the special fund revenues remained unchanged at ₴74 million 44 thousand 752.

The total amount of budget expenditures in the new version is ₴5 billion 275 million 353 thousand 815. The expenditures were redistributed among the funds.

The general fund expenditures were reduced from ₴4 billion 649 million 805 thousand 679 to ₴3 billion 981 million 563 thousand 526, i.e. by ₴668 million 242 thousand 153.

On the contrary, the expenditures of the special fund increased from ₴625 million 548 thousand 136 to ₴1 billion 293 million 790 thousand 289, which is also an increase of ₴668 million 242 thousand 153.

The changes affected the budget balance

The surplus of the general fund increased from ₴822,471,435 to ₴1,498,713,588, an increase of UAH 676,242,153.

The deficit of the special fund increased from ₴797 million 891 thousand 787 to ₴1 billion 466 million 133 thousand 940, an increase of ₴668 million 242 thousand 153 .

Lending indicators were also revised. Repayment of loans to the special fund remained unchanged at ₴8 million 952 thousand 100.

The provision of loans from the special fund was increased from ₴246 million 488 thousand 103 to ₴255 million 440 thousand 203, i.e. by ₴8 million 952 thousand 100.

The amount of funding for municipal programmes was also revised. In the previous version, ₴4 billion 421 million 192 thousand 13 were earmarked for their implementation. After the changes, this amount was increased to ₴4 billion 707 million 775 thousand 350, which is ₴286 million 583 thousand 337 more.

The decision also added a clause on financing the municipal utility company «Mykolaivoblteploenergo». ₴192 million 456 thousand 123 thousand was allocated to replenish the company's authorised capital .

Of this amount, ₴126 million 660 thousand is planned to be used to fulfil obligations under sub-loan agreements, and another ₴65 million 796 thousand 123 to pay off energy debts.

The working capital of the budget and the reserve fund remained unchanged at ₴50 million each. At the same time, their share in general fund expenditures increased from 1.1% to 1.3%.

The mayor added that in 2026, the city will have to save on utility consumption and contain costs as much as possible.

«We will reduce the consumption of utilities and save budget funds. But even in this mode, this money will be enough for about three quarters of next year. We will not get out of this without government support. Or maybe an economic miracle awaits us, the end of the war and so on. Let's hope for the best,» said Sienkevych.

As a reminder, Mykolaiv Mayor Oleksandr Sienkevych said that the city's forecast budget revenues for 2026 do not allow financing 21.5% of protected and priority expenditures.