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Government promised to increase real wages by 9%

Source : 112 Ukraine

Ministry of Economic Development made forecast for current year
17:17, 17 February 2020

Open source

In 2020, the real wage in Ukraine, that is, adjusted for inflation, should increase by 8-9%. Deputy Minister of Economic Development Serhiy Mykolaychuk stated this during briefing.

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“As for salaries, if we expect that in the real dimension, that is, adjusted for inflation, its rates will remain at last year’s level, that is, if last year real wages rose by 9.8%, then somewhere around We will see 8-9% growth this year," - he said.

According to the deputy minister, given that inflation in Ukraine has declined significantly and in January fell below 4% in annual terms, the nominal growth in wages will also decrease. Although the real solvency of the money received by Ukrainians should grow by 8-9%.

According to the State Statistics Service, the average nominal salary of a full-time employee of enterprises, institutions and organizations in December 2019 amounted to $500, which is 2.9 times higher than the minimum wage ($170). Compared to November last year, the average nominal wage increased by 14.8%, and over the past 12 months (relative to December 2018) - by 16%.

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It is also known that as of January 1, 2020, the total amount of arrears in the payment of wages in Ukraine amounted to $124 million.

As we reported before, In January, inflation rate in Ukraine amounted to 0.2%, compared to December 2019, and compared to January 2019 - 3.2%.

 

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