Ukraine's finance ministry to revise state budget for 2023

Ukraine's finance ministry to revise state budget for 2023

The Ukrainian Finance Ministry will soon prepare a draft of amendments to the state budget for 2023.

Minister of Finance Sergii Marchenko said this during a discussion entitled "Will the Ukrainian economy be able to grow in 2023?" according to an Ukrinform correspondent.

"Yes, of course, it's a matter of time and volume. Now it's a necessity. That's why we will prepare a draft of amendments to the budget in the near future," Marchenko said, when asked whether the government will revise the state budget for 2023.

On November 3, the Verkhovna Rada adopted the law "On the State Budget of Ukraine for 2023" at second reading and in its entirety. In 2023, state budget revenues are expected to amount to UAH 1.3 trillion and expenditures to UAH 2.6 trillion. The projected deficit of the 2023 state budget exceeds 20% of GDP. The document was developed with projected GDP growth of up to 3.2% and inflation at 28%.

Sign up for our free newsletter

Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2023 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: