KYIV, Sept 14 – The draft state budget for 2023, which the government approved on Tuesday, is based on a forecast of 4.6% growth in real gross domestic product (GDP) and 37% nominal growth with inflation up to 30% and an average annual exchange rate of UAH 42/$1, Prime Minister Denys Shmyhal said.

"We considered many different scenarios. This draft budget, which we are submitting to the Verkhovna Rada, is a conservative average pessimistic calculation," he said, speaking at a government meeting on Tuesday.