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Groysman presents Ukraine’s 2017 state budget: Top Quotes
20:38, 15 September 2016
Groysman presents Ukraine’s 2017 state budget: Top Quotes

The Cabinet approved the basic economic document for the next year

20:38, 15 September 2016

gazprom.ru

We expect the economy to grow; specifically, we expect the country’s GDP to grow by 3 percent. It mrans our country’s economy will begin to restore. Our task is to make this process irreversible and to increase the economic growth. We’ve got to do everything for every citizen to feel that his incomes grow. That’s an important priority.

The 2016 budget amounts totaled UAH 749 billion (almost USD 29 bn), while the next year’s budget made almost UAH 877 billion (roughly USD 33.7 bn).

The budget is absolutely balanced. In 2016, we set the limit for budget deficit at the level of 3.7 percent, The next year’s budget, according to our commitments, should not exceed the deficit at the level of 3 percent (that is, almost 3 billion U.S. dollars).

We are committed to the growth of social standards. In 2016, we managed to raise the social standards by 5 percent, but the government managed to increase this growth even more, so the social standards will be raised by 10 percent since December 1. That’s the step that meets the capabilities of our economy.

As of December 1, 2017, the minimal salary will be UAH 1,762 (approximately 60 dollars). If there is any chance to increase these standards, we will surely use it, for the people to get more money.     

Related: Ukraine’s Finance Ministry approves draft state budget for 2017

Related: Draft of Ukraine’s 2017 state budget will be submitted in the Parliament this month

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

Related: Groysman: Defense sector, roads and decentralization of power will be priorities of state budget-2017

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