Investor Presentaiton
2022-2024 Budget Declaration
Key indicators of 2022 Budget Law and 2022-2024 Budget Declaration
2020A
2021E/A
State debt, as % of GDP 4
On December 2, the
Parliament of Ukraine
voted for the 2022
Budget Law
On May 31, the
Government approved
the Budget
Declaration for 2022 -
2024 for the first time,
and on July 15 it was
considered by the
Parliament of Ukraine
The Budget
Declaration for 2022-
2024 is the
Government's vision
of the budget policy
for the medium term.
The document defines
the main budget
indicators and the
goals of the state
policy with the key
performance
indicators.
Nominal GDP, UAHbn
Real GDP growth, %
CPI (eop), %
PPI (eop), %
Unemployment rate, %
Trade deficit, USDbn
(i) Revenues
as % of GDP
(ii) Expenditures
as % of GDP
(iii) Net lending
as % of GDP
Overall state budget deficit
as % of GDP
Key macroeconomic assumptions
Key state budget indicators, UAHbn
2022F
2023F
2024F
4,192
(4.0%)
5,226 1
5,369
5,994
6,651
4.1%
3.8%
4.7%
5.0%
5.0%
10.0%2
6.2%
5.3%
5.0%
2
14.5%
62.2%
7.8%
6.2%
5.7%
9.5%
9.2%
8.5%
8.0%
7.8%
(1.8)
(6.2)
(8.6)
(10.6)
(12.1)
3
3Y Budget
3Y Budget
Actual
Actual
Law
Declaration
Declaration
1,076.0
1,296.9
1,323.9
1,333.2
1,451.6
25.7%
24.8%
24.7%
22.2%
21.8%
1,288.1
1,490.3
1,499.5
1,497.0
1,614.1
30.7%
28.5%
27.9%
25.0%
24.3%
5.5
4.5
13.3
16.0
17.1
0.1%
0.1%
0.2%
0.3%
0.3%
217.6
197.9
188.8
179.8
179.6
5.2%
3.8%
3.5%
3.0%
2.7%
53.9%
45.2%
50.8%
48.0%
46.4%
4
State-guaranteed debt, as % of GDP
7.0%
4
5.9%
6.8%
6.6%
6.0%
State and state-guaranteed debt, as % of GDP
60.9%
51.1%
57.6%
54.6%
52.4%
Source Ministry of Finance of Ukraine, State Treasury Service of Ukraine, National Bank of Ukraine
Note 1 Forecast of the Ministry of Economy as of 15.11.2021
Note 2 According to the actual data from the NBU
Note 3 Approved by the Parliament in the second reading on December 2, 2021
February 2022
Note 4 Actuals for 2020, based on actual debt and forecasted GDP (by the Ministry of Economy as of 15.11.2021) for 2021, forecasts for 2022-2024 from the presentation of the Budget Law 2022
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