Finance

The Ukrainian Parliament approves the 2023 Budget.

Friday, November 4, 2022
The Ukrainian Parliament approves the 2023 Budget.

 The budget was backed by 295 members of parliament in its second and final reading, lawmaker Yaroslav Zheleznyak said on Telegram. Ukraine’s cabinet cut its 2023 economic growth forecast to 3.2% from 4.6%, according to Prime Minister Denys Shmyhal. Inflation is forecast at 28%, and the nation’s budget deficit will exceed 20% of the anticipated GDP. Ukraine seeks $38B from international partners to help cover the budget gap.

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