KYIV. UkraineGate . 13 . September . 2022 | Political News.
In the State Budget for 2023, the average salary is set at the level of 18.5 thousand hryvnias, inflation may reach 30%, the average annual exchange rate of the dollar will fluctuate around 42 hryvnias. This was announced by Prime Minister of Ukraine Denys Shmyhal during a government meeting .
“This forecast includes the size of GDP and inflation, the average salary, the dollar exchange rate and more. This year, such a forecast is a consensus between the Government, the National Bank of Ukraine and international financial organizations. Depending on how the situation at the front will change, the economy in 2023 may either fall by 0.4% or grow by 10 or more percent. It’s the same with other indicators,” explained Shmyhal.
He emphasized that the current macro forecast is a rather conservative scenario, because Ukraine must be ready for any possible development of events.
“So, as part of this macro forecast, next year’s economy will grow by 4.6% in real terms and by 37% in nominal terms. The average salary will approximately be 18.5 thousand hryvnias, inflation may reach 30%, the average annual exchange rate of the dollar will fluctuate around 42 hryvnias,” Shmyhal said.
He noted that despite all the challenges and difficulties, the Ukrainian economy and financial system survived this year.
“Also, we have a full understanding of how we will end the year in terms of making all the necessary payments,” Shmyhal said.
The Prime Minister noted that the draft budget, which was approved today, gives a full understanding of the priorities for the next year.
“We will provide for our army, finance pensions, salaries of doctors and teachers, support the most socially vulnerable categories of the population, and continue programs to stimulate the economy. Ukraine will definitely win, and we will start the largest-scale reconstruction and transformation in Europe in the last 70 years,” the Prime Minister said.
Source: Ukrgate
