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 State Budget 2017 bill published in Holos Ukrainy governmental newspaper

The official newspaper of the Verkhovna Rada of Ukraine, Holos Ukrainy, has published the law "On state budget" for 2017.

The bill was made public on Wednesday and comes into effect on Jan. 1, 2017, Censor.NET reports citing Ukrainski Novyny.

The document stipulates for GDP increase of 3 percent and inflation rate of 8.1 percent in 2017.

The budget has been calculated based on macroeconomic forecast of real GDP growth by 3 percent and nominal GDP increase up to 2,584.9 billion hryvnia ($95.38 billion).

Minimum monthly wages is set at the level of 3,200 hryvnia ($117).

See more: Rada's "budget night": Lawmakers doze, debate, play and take pictures. PHOTOS

The document stipulates for decrease in the Pension Fund deficit by 9.5 percent to 141.315 billion hryvnia.

The income is stated at the level of 721,398.426 million hryvnia, the expenses - at 790,393.530 million hryvnia.

Earlier, the state budget bill for 2017 was adopted by the Verkhovna Rada on Dec. 21.

Rada Speaker Andrii Parubii signed the bill on Dec. 23.

On Dec. 26, the law was signed by President Poroshenko.

 
 
 
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