Ukrainian Parliament adopts state budget for 2018

Source : 112 Ukraine

The minimum salary will make approximately USD 133 per month
00:20, 8 December 2017

Verkhovna Rada, the Ukrainian Parliament, approved the state budget for the next year. 273 lawmakers supported the law in the second reading. The MPs worked until the late evening, and the session was closed after 11 p.m. Thursday.

Most MPs from Petro Poroshenko's Bloc, People's Front, Oleg Lyashko's Radical party, Vidrodzhennya Party Group and People's Will supported the document. The majority of the Opposition Bloc, Samopomich and Batkivshchyna party disapproved the bill; the latter's MPs were not even in the session hall during the voting procedure.

The budget stipulates the following numbers:

  • Revenues: USD 32.62 billion
  • Expenses: USD 35.30 billion
  • Budget deficit: USD 2.9 billion
  • Minimal salary: USD 133 per month/USD 0.83 per hour
  • Minimal living wage: USD 60.70 per one person per month (January 2018); USD 66.17 per one person per month (December 2018)

The document also foresees the following expenses for respective governmental agencies (roughly):

  • Defense Ministry - USD 3.07 billion
  • Interior Ministry - USD 2.47 billion
  • SBU, the Security Service of Ukraine - USD 200,000 million
  • Prosecutor General's Office - USD 200,000 million
  • National Police - USD 800,000 million
  • National Guard - USD 400,000 million
  • Ministry of Education and Science - USD 1 billion
  • Healthcare Ministry - USD 1 billion
  • Social Policy Ministry - USD 5 billion
  • State Emergencies Service - USD 400,000 million
  • Culture Ministry - USD 230,000 million
  • State Committee for TV and Radio Broadcasting - USD 60,000 million
  • State Space Agency - USD 110,000 million
  • National Academy of Sciences - USD 160, 000 million

Related: Revenue of local budget to increase to $6.27 billion before year’s end, - Poroshenko

Related: Revised draft of state budget 2018 submitted to Parliament

Related: Ukraine, IMF continue discussion of 2018 draft budget to maintain its deficit at 2.5% of GDP

Related: Parliament approves state budget for 2018 in first reading

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