The state budget is drafted with the expectation that the fighting will last all of 2023

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This was reported by the head of the budget Committee of the Verkhovna Rada Yuri Aristov.

«This was reported by the head of the budget committee of the Verkhovna Rada Yuri Aristov. The draft budget is developed taking into account that the fighting will continue throughout 2023. If they stop, of course, the macro indicators will be different. This also applies to inflation and the exchange rate of the hryvnia to the dollar. On the one hand, the stronger the hryvnia, the lower the inflation, but if the rate is higher, it is better for the budget revenues,» Aristov said.

According to him, 12 laws making amendments to the current budget were adopted during 2022. It is possible that next year the state budget will be changed depending on the external factors and the needs of a certain sector. It is important to understand that even if there are mistakes in the macro forecasts, there is a tool to correct them. At this stage it is important to form the main financial document of the country with the existing indicators, vote for it, and then move on to negotiations with the creditors. It is impossible to start them earlier, because there must be a reference point — a document voted on in the Verkhovna Rada and signed by the President.


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