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Ukraine’s government suggests adopting 2014 budget with over $6 billion deficit

December 19, 2013, 12:37 UTC+3 KIEV
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KIEV, December 19. /ITAR-TASS/. Ukraine’s government asks the parliament to adopt the country’s budget for 2014, where the deficit is 54.89 billion hryvnias (about $6.861 billion).

The bill reads the top level of the state budget’s deficit may be 59.547 billion hryvnias ($7.443 billion). The budget’s revenues would make 392.404 billion hryvnias ($49.05 billion), expenses — 447.294 billion hryvnias ($55.912 billion).

The country’s minimal wage would be raised from October by 6.8% to 1.301 hryvnias ($162.63 dollars), and from July 2015 the living wage will be raised by 2.56% to 1.207 hryvnias ($150.88 dollars).

Earlier, speaker of Ukraine’s Verkhovna Rada (parliament) Vladimir Rybak said the parliament would discuss the state budget for 2014 on December 19.

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