The Verkhovna Rada in the early hours of Wednesday adopted as a whole the government-proposed draft state budget for 2017, providing for a 3% deficit and economic growth laid down at 3%.
Budget revenues are set at the level of UAH 721.4 billion, expenses – at UAH 790.4 billion. The deficit ceiling is set at UAH 77.5 billion.
Macroeconomic indicators have been approved, providing for the hryvnia exchange rate at UAH 27.2 per dollar, inflation at 8.1%, unemployment rate at 8.6%, and the forecast level of public debt at 66.8% of GDP. The maximum amount of public debt as of December 31 2017 shall not exceed UAH 1.717 trillion, while the maximum allowed publicly guaranteed debt is set at UAH 579.4 billion, which totals UAH 2.296 trillion.
In 2017, the living wage will be UAH 1,544 from Jan 1, and from May 1 it will be UAH 1,624. Starting Dec 1 – it is set at UAH 1,700.
At the same time, the minimum wage in 2017 has been increased to UAH 3,200, and an hourly rate from January 1 will be raised to UAH 19.34.
As UNIAN reported earlier, in early November, the Cabinet of Ministers of Ukraine submitted to the Verkhovna Rada the draft state budget for 2017 for its second reading.
UNIAN memo. The Verkhovna Rada of Ukraine at 4:00 December 25, 2015 adopted Law of Ukraine on State Budget for 2016 with a deficit of 3.7% of GDP and revenues at UAH 595 billion. The hryvnia exchange rate was laid down at UAH 24.1 per dollar.