Law on state budget for 2018 comes into force in Ukraine

Source : 112 Ukraine

Since January 1, 2018, the minimum wage amount has been increased
15:48, 1 January 2018

112 Agency

The law of Ukraine №2246-VIII On the state budget of Ukraine for 2018 officially comes into force today.

The profits of the state budget for 2018 are set at $32.65 billion, while the expenses - $35.28 billion. The wage minimum is to grow by 9%, while the minimum salary is to grow by 16.3%. 

$2.1 billion is allocated for the social aid to the families with children, low-income families, and people with disabilities. 

$2.5 billion is allocated for benefits and living subsidies for paying the housing and utility taxes. 

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The education subvention is set at $2.2 billion, the medical subvention - $2 billion. $1.7 billion to be spent on renovating roads, while the local budgets will receive a support of $460 million from the State Fund of the Regional Development, subventions for social and economic development of certain territories, and subventions for the infrastructure of the united territorial communities.

The Ukrainian Parliament ratified the law on Dec 8, 2017, by 273 votes. The speaker of the Parliament signed it and sent for the President’s signature on Dec 22. The President signed the law on Dec 30.

Related: Ukraine met the New Year

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