**1. Substance of the Act**
\nThis Resolution of the Cabinet of Ministers of Ukraine approves the official three-year forecast of key indicators of the economic and social development of the state for the period from 2027 to 2029. The document establishes guidelines for the formulation of the state budget, tax policy, and public finance planning for the medium term. The forecast is calculated based on two alternative scenarios, allowing for a flexible response to changes in domestic and external economic conditions. It contains specific numerical targets regarding the dynamics of GDP, inflation, the labor market, wages, and foreign trade.<\/p>\n
**2. Structure of the Act, Main Provisions, and Changes**
\nStructurally, the regulatory act consists of a concise enacting part signed by the Prime Minister and an extensive Annex containing a table with key macroeconomic indicators. The main provisions of the act detail the economic parameters separately for 2027, 2028, and 2029 under two scenarios (a more optimistic and a moderate one). Compared to previous forecasting periods, this document adapts macroeconomic expectations to new financial realities: it projects a consistent growth of nominal GDP (to almost UAH 15 trillion in 2029 under the first scenario), a gradual deceleration of inflation rates, and a systematic reduction in the unemployment rate.<\/p>\n
**3. Key Provisions for Practical Application**<\/p>\n
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For practical application by businesses, financial analysts, and government agencies, the following projected indicators are the most significant:<\/p>\n
* **GDP and Inflation Benchmarks:** Nominal GDP in 2027 is projected at UAH 11.1\u201311.5 trillion. The Consumer Price Index (average inflation compared to the previous year) is expected at 108.6\u2013109.3% in 2027, with a gradual decrease to 105.9\u2013106.9% in 2029.
\n* **Defense and the Labor Market:** The wage fund for hired employees and monetary allowance for military personnel is projected in the range of UAH 3.6 trillion (in 2027) to UAH 4.01 trillion (in 2029), which serves as the basis for planning military expenditures and personal income tax (PIT) revenues. The average monthly nominal gross wage of employees is projected to increase from ~UAH 34\u201335 thousand in 2027 to ~UAH 43\u201344 thousand in 2029.
\n* **Tax Base:** The projected profit of profitable enterprises (the benchmark for corporate income tax revenues) is expected to range between UAH 1.79\u20132.15 trillion in 2027 and is projected to reach UAH 2.6\u20132.87 trillion in 2029.
\n* **Foreign Trade:** The trade balance is projected to remain consistently negative (ranging from -USD 70.9 billion to -USD 80.3 billion), with imports of goods and services significantly exceeding exports throughout the entire three-year period.<\/p>\n