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Budget-2017: Ukrainian Government to raise minimum wages
21:06, 19 September 2016
Budget-2017: Ukrainian Government to raise minimum wages

It is expected that minimum wage will reach 68.56 USD by the end of the next year

21:06, 19 September 2016

 

Open source

Cabinet of Ministers suggests raising the minimum wage in Ukraine three times during the next year. This is contained in the draft budget 2017, published on the official web-site of the Verkhovna Rada.

Specifically, the minimum monthly wage may be set at $62.25 on January 1, $65.53 since May 1 and $68,56 since December 1. As for hourly wages – it may raise from $0.38 to $0.41 by the end of 2017.

Apart from that cost of living level may also be raised three times during the next year. Thus it may reach almost $66.15.

Related: Budget 2017: How Ukraine’s Cabinet is going to split 700 billion UAH

The cost of living for children under 6 years old may reach $58.05; for children of 6 – 18 years old – almost $72.37.

The cost of living for employable persons may go up to $68.56.

Related: The seven "pillars" of Ukraine's budget for 2017

As it was reported earlier, the Cabinet of Ministers of Ukraine offered to spend more than 9 million dollars on the Ministry of Information Policy in 2017.

*The numbers are calculated based on the official currency exchange rate as of September, 19, which according to http://finance.ua/ makes 25.7 UAH per 1 USD.

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