Ministry of Finance of Ukraine predicts GDP growth of 3% and 8.1% inflation in 2017.
The Ministry of Finance of Ukraine presented the main directions of budgetary policy for 2017 (budget resolution).
According to forecasts of the Ministry of Finance, in 2017 GDP growth of 3%, and inflation – 8.1%.
Limit the budget deficit next year is expected to reach 3% of GDP. Nominal GDP in 2017 is assumed to be UAH 2 574 900 billion.
The consumer price index (December to December) is expected to reach 8.1% in 2017, the producer price index – 8.5%, the unemployment rate – 8.6%.
The average annual hryvnia exchange rate in 2017, according to the Ministry of Finance projected to reach 27.2 UAH/ $.
These forward-looking indicators will be taken into account when preparing the draft budget for 2017.
As reported, the state budget for 2016 was developed on the basis of the following macro assumptions: GDP growth – 2%, nominal GDP – 2 262 billion USD, inflation – 12%, the average annual hryvnia exchange rate – 24.1 UAH / $ exchange rate at the end of 2016 – 24.4 UAH/$.
