One of the
priorities of the State Budget for 2018 is to ensure the growth of social
standards at a higher pace than inflation. Vice
Prime Minister of Ukraine Pavlo Rozenko
stated in an interview with Channel 5.
"For us, the
main thing is to provide the level of social standards (first of all salaries
and pensions) demonstrate higher growing performance as compared to inflation
is our principled position, this is one of the priorities, in particular included
in the budget for 2018," he stressed.
Pavlo Rosenko reminded that in 2017, the raising of actual wages had
surpassed by 20% the level of inflation. "Last
year we had an increase of real wages (the sum excluding inflationary
processes) by about 20%. This is a
significant figure. That
is, in 2017, the growth of wages surpassed inflation rate by 20%", explained
the Vice Prime Minister.
Apart from that,
he stressed that as a result of raising the minimum wage to UAH 3200 and improving
wages for all categories of employees, revenues to the Pension Fund of Ukraine had
upped, thereby making it possible to carry out modernization of pensions ahead
of schedule starting October 1, 2017.
"We will prolong
our activities in 2018: there are projected parameters of the State Budget,
there is a forecast growth of social standards, but as soon as we see that the
economy is growing faster, that we obtain an additional resource in the budget
of the Pension Fund and the State Budget, we, definitely, will direct these
additional funds to provide further increase in salaries and pensions",
assured Pavlo Rozenko.