Draft budget for 2015 based on 4.3% GDP decline amid 13.1% inflation

10:25, 23.12.2014 1 min read

Ukraine's draft national budget for 2015 is based on the low-case scenario foreseeing a 4.3% GDP decline amid 13.1% inflation.

Such forecasts are given in an explanatory note to draft bill No. 1000, finalized by the government and posted on the parliament's website.

"Real GDP is projected to decline by 4.3%, the volume of nominal GDP is estimated at UAH 1.721 trillion, the Consumer Price Index (December from December) is forecast at 113.1%, the Industrial Product Price Index (December from December) is projected at 115.2%," the note reads.