Parliament approves Budget Declaration for 2022-2024.

The Verkhovna Rada of Ukraine has supported the Budget Declaration for 2022-2024 and provided recommendations on the budget policy of Ukraine.

A total of 269 MPs voted for relevant resolution No.5765 at a parliament’s meeting on Thursday, an Ukrinform correspondent reports.

Representing the three-year Budget Declaration, Finance Minister Serhiy Marchenko stressed that the Budget Declaration for 2022-2024 will create a qualitative basis for improving the efficiency of public spending and predictability of public policy.

Thus, Ukraine's nominal gross domestic product is expected to grow from UAH 4.8 trillion in 2021 to UAH 6.65 trillion in 2024. Instead, the unemployment rate will fall from 9.2% to 7.8%. The exchange rate of the hryvnia against the U.S. dollar is projected at UAH 28.6 in 2022, UAH 28.8 in 2023, and UAH 29.2 in 2024. The minimum wage will grow to UAH 6,500 from January 1, 2022, UAH 6,700 from October 1, 2022, UAH 7,176 from January 1, 2023, and UAH 7,665 from January 1, 2024.

The budget policy priorities defined by the Budget Declaration are the following: strengthening the defense and security of the state; developing agro-industrial complex; forming clean and safe environment; developing administrative services and their digitalization; strengthening energy independence; creating an effective and comprehensive system of social support and pension provision; ensuring quality, modern, accessible and inclusive education; ensuring a quality level of healthcare.

As reported, on May 31, 2021, the Cabinet of Ministers at its extraordinary meeting approved a three-year Budget Declaration for the first time. The document contains general indicators of revenues and financing of the state budget, general limits of state budget expenditures, size of minimum wage, subsistence level, and other public policy objectives.

iy

UkrInform

Ukraine and world news. Ukrinform brings the latest news, daily news, political news, business news, social news, cultural news, sports news, international news

https://www.ukrinform.net/

Related news
Average salary in Ukraine grows by almost 24%

Average salary in Ukraine grows by almost 24%

The average nominal salary of Ukrainians in June 2021 was 23.6% higher than the one they received in June 2020 and amounted to UAH 14,313, the State Statistics Service has reported.

UkrInform

SkyUp to start flying to France on Aug 19

SkyUp to start flying to France on Aug 19

The Ukrainian low-cost carrier SkyUp Airlines will start operating flights from Kyiv to Paris and Nice from August 19, the airline’s press service reports.

UkrInform

Protests spark across Europe against coronavirus mandates.

Protests spark across Europe against coronavirus mandates.

Proof of vaccination is becoming law in countries across Europe, but some feel passports infringe on their privacy. Protests popped up across countries, including a violent march in Paris. CBS News senior foreign correspondent Elizabeth Palmer joi...

Live: Jen Psaki holds White House press briefing

Live: Jen Psaki holds White House press briefing

White House press secretary Jen Psaki speaks to press. #FoxNews Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as well as po...

US offers air support to Afghan troops as Taliban terror group gain more ground.

US offers air support to Afghan troops as Taliban terror group gain more ground.

The US may be withdrawing its troops from Afghanistan, but on Sunday it said it would continue to carry out airstrikes to support Afghan forces facing attacks from the Taliban. U.S. Marine General Kenneth McKenzie spoke at a news conference in the...

Protests Erupt in Tunesia After President Suspends Parliament.

Protests Erupt in Tunesia After President Suspends Parliament.

Protesters clashed with police in the Tunisian capital of Tunis, Monday, July 16, a day after President Kais Saied fired the country’s prime minster and suspended the parliament. ————————— READ MORE: Tunisian troops blocked the head of parliament ...

John Kennedy: Biden lied during campaign, he wants open borders.

John Kennedy: Biden lied during campaign, he wants open borders.

Sen. John Kennedy, R-La., reacts to the White house spending $2 billion to halt border wall construction. Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-encompassing news serv...

Western wildfires force evacuations and destroy homes.

Western wildfires force evacuations and destroy homes.

The massive Dixie Fire in California is spreading after ravaging more than a dozen homes over the weekend. Meanwhile, a spokesperson for Oregon's Forestry Department said the Bootleg Fire is generating so much energy that it's changing the weather...