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2018 Budget: Ambitious Revenue Side

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The Parliament adopted the 2018 State Budget in record terms. Deputies predict that, in 2018, the economy of Ukraine will increase by 3%. Inflation reaches 8%, and the US dollar average annual exchange rate reaches UAH 30.1 UAH.

State budget revenues are set as high as UAH 913.613 billion, expenditures UAH 988 billion. The limit of the budget deficit is set at UAH 81, 849 billion.

The minimum wage will increase up to UAH 3,723 per month, with the possibility of growth up to 4,100 (as it is announced by the president).

Since January 1, a living wage will rise up to UAH 1700, since July 1 – up to UAH 1777, since December 1 – up to UAH 1853.

CASE Ukraine`s Executive Director Dmytro Boyarchuk evaluates the adopted budget in a commentary to the ‘Liga.Biznes’ media outlet: ‘I do not see any radical changes compared to last year`s budget. There is a little bit ambitious revenue part and the traditionally optimistic privatization plan. However, with such rates of inflation, as they are in our country, these ambitions can be easily realized according to the incomes’.

December 15, 2017