The head of the government recalled that many large enterprises were physically destroyed, among them the Azovstal plant, which was one of the leading manufacturers in metallurgy.
The Prime Minister of Ukraine, Denys Shmihal, in an interview with the German magazine Spiegel, said that he estimated the decline in the state economy last year at more than 30% and expected growth of 0.3% this year.
“According to preliminary estimates, the fall in 2022 will be more than 30%. A third of our economy has disappeared … Inflation is slightly higher than 26%,” said Shmyhal.
The head of the government recalled that many large enterprises were physically destroyed, among them the Azovstal plant, which was one of the leading manufacturers in metallurgy.
Shmygal noted with satisfaction that the Ukrainian economy paid 10% more taxes in 2022 than in 2021. He explained this by the responsibility of businessmen and their desire to support the country, in particular, the ability its in defense.
“All the taxes we collected went to the army. Half of the budget was financed with the help of our partners, in particular Germany,” said Schmihal.
Assessing prospects for 2023, the head of government announced a forecast for GDP growth of 0.3% and a budget deficit forecast of around $38 billion.
Post-war reconstruction, according to Shmyhal, is estimated at between 600 billion and 750 billion euros.
Earlier it was reported that because of the war last year, 83% of Ukrainian companies suffered a decline.
Ukraine lost 30% of exports in 2022 – NBU
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.