A perforating gun assembly for use in a wellbore includes a carrier body and a charge holder disposed within the carrier body. One or more shaped charges are supported by the carrier body and are operably coupled to a detonator for igniting a highly explosive material within the each of the shaped charges. At least one solid propellant tablet is also disposed within the carrier body and is operably coupled to the detonator to ignite and burn immediately after detonation of the shaped charges. The solid propellant tablet burns or is consumed in such a manner to effectively mitigate or control the dynamic underbalance created by the free volume within the carrier body. Burning of the solid propellant tablet may increase the pressure within the carrier body to a level lower than a hydrostatic pressure around the carrier body in the wellbore such that a dynamic underbalance is maintained.