The government specifies 2023 macroeconomic indicators for GDP and the hryvnia exchange rate.

The Cabinet of Ministers approved the draft of the 2024 State Budget for the second reading. The revenue has been increased by ₴22.2B compared to the first reading and is foreseen at ₴1.768 trillion.

In addition, the expected 2023 macroeconomic indicators, which are the basis for calculating the 2024 forecast, were clarified. In particular, these include a faster recovery for real GDP in 2023 to +5% compared to +2.8% in the previous forecast, the hryvnia exchange rate at ₴38.6 per $1 at the end of the period compared to ₴40.2 per $1 in the first reading. In the forecast for 2024, the consumer inflation indicator was adjusted downwards – from 10.8% to 9.7% (December to December).

In the draft budget for the second reading, the need for external financial support is about $41B. This amount was reduced from $42.9B due to the increase in planned revenues due to the revision of macro indicators and in consideration of additional revenues.