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Ukraine's govt retains 3% of GDP deficit projection in finale budget 2017 draft - PM

Ukraine's govt retains 3% of GDP deficit projection in finale budget 2017 draft - PMThe Cabinet of Ministers of Ukraine takes into account lawmakers' proposal to retain the 2017 national budget deficit at 3% of the gross domestic product (GDP) when finalising the draft state budget for the second reading, Prime Minister Volodymyr Groysman has said.

Read also: Ukraine's defence concern allowed to pay less to state budget from 2017

"We believe that the balance will be maintained, the deficit will be at the level of 3% [of GDP], as planned: through bringing the economy from the shadow and equitable distribution of taxes we will be able to raise the minimum wages in the public sector," he said opening a meeting of the Cabinet of Ministers in Kyiv on Wednesday.

Read also: Ukrainian govt approves changes to state budget, customs, tax codes

Groysman said that the government confirms its plans to double the minimum wages starting from January 1, 2017 - to UAH 3,200 per month.

"All the calculations were made and we do understand that this will be a reality starting from January 1," the prime minister said.
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