2023-09-18T17:13:00+03:00 Economy 2024-09-15T05:06:24+03:00

Ukrainian news

Cabinet suggests Rada establish living wage of UAH 2,900 from 2024

Cabinet suggests Rada establish living wage of UAH 2,900 from 2024

The Cabinet of Ministers has suggested that the Verkhovna Rada establish a living wage of UAH 2,920 from January 1, 2024.

This is stated in bill No. 10000 registered in parliament on September 15, Ukrainian News Agency reports.

It is assumed that in 2024 the living wage from January 1 will be UAH 2,920.

Currently, the living wage is UAH 2,500.

For the main social and demographic groups of the population: children under the age of 6 years - UAH 2,563; children aged 6 to 18 years - UAH 3,196; able-bodied persons - UAH 3,028; people who have lost their capacity - UAH 2,361.

The draft state budget 2024 provides for an increase in the minimum wage and its establishment from January 1 in the amount of - UAH 7,100, in the hourly amount - UAH 42.6, and from April 1 - UAH 8,000 and UAH 48, respectively.

As Ukrainian News Agency earlier reported, the Cabinet of Ministers proposed to the Verkhovna Rada to adopt the state budget-2024 with revenues of UAH 1.746 trillion, expenses of UAH 3.308 trillion and a deficit of UAH 1.531 trillion.

The draft state budget for 2024 is based on the forecast of real GDP growth for the next year: 5% on inflation of 10.8% (December to December) and the average annual rate of 41.4 UAH/USD.