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Pavlo Rozenko: In 2018 social standards growth rate is forecast to exceed inflation index
09.01.2018 | 17:26

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 level. This 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.


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