Page 22 - Ukraine OUTLOOK 2023

In terms of volume, this is less by 16.7%, and in terms of value, less by
13.7% than the corresponding period last year, said Minister of
Economy Yulia Svyridenko.

Among the products from the agro-industrial complex and the food
industry, the most exported were: corn (21.9mn tonnes for $5.3bn),
wheat (9.6mn tonnes for $2.3bn), sunflower oil (3.9mn tonnes for
$5bn), rapeseed (2.9mn tonnes for $1.4bn) and meal from vegetable
fats and oils (2.9mn tonnes for $671.2mn).

Svyridenko added, the grain initiative and the new Grain from Ukraine
programme initiated by President Zelenskiyy are important in restoring
export volumes.

Budget 2023

Ukrainian President Volodymyr Zelenskiy signed Ukraine’s State
Budget for 2023 into law in December. In the new budget, the real
2023 GDP growth forecast was adjusted to a more conservative 3.2%
instead of the previous forecast of 4.6%, although the forecasts for
growth in 2023 vary widely amongst the IFIs, although most are still
predicting a mild recovery.

The inflation forecast for 2023 has been reduced from 30% to 28%.

22 UKRAINE OUTLOOK 2022 www.intellinews.com