The Verkhovna Rada has adopted the law on the state budget for 2024. The draft law was supported by 276 deputies. This was reported by People's Deputy Yaroslav Zheleznyak on Telegram.

On November 2, the Cabinet of Ministers submitted the draft state budget for 2024 to the Verkhovna Rada for the second reading.

The revenue part of the draft state budget has been increased by UAH 22.2 billion to UAH 1,768.5 billion compared to the first reading. Expenditures have been increased by UAH 95.2 million to UAH 3,355 billion.

The real GDP growth forecast for 2024 was lowered to 4.6% in the second reading compared to 5.0% in the first reading, in particular, taking into account the change in the assumption of the duration of the war (during 2024), logistics (limited full use of seaports) and migration processes, etc.

In the forecast for 2024, the consumer inflation rate was adjusted downward from 10.8% to 9.7% (December to December).

"The clarification took place against the background of changes in assumptions about the hryvnia exchange rate - an average of 40.7 hryvnia per dollar for the year before the second reading, compared to 41.4 hryvnia per dollar in the previous forecast," the draft explanatory note says.

At the end of 2024, the exchange rate is expected to reach 42.1 hryvnia to the dollar (previous forecast - 44.2).