Cabinet to draw up 2015 budget with exchange rate of UAH 22 to dollar

16:16, 16 December 2014
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The Cabinet of Ministers is to prepare the 2015 state budget based on a hryvnia exchange rate of UAH 22 to the dollar, according to sources in parliament, Ukrainian newspaper Ekonomichna Pravda has reported.

REUTERS

The Ukrainian government is currently discussing the draft state budget for 2015, which will see changes in tax legislation, reform of single social contribution and decentralization.

According to the document, which was made available to Ekonomichna Pravda, the state budget revenues in 2015 are projected at UAH 432.3 billion, and expenditures at UAH 485.3 billion.

The minimum income level is expected to amount to UAH 1,214 starting from January 1, 2015, and UAH 1,240 UAH starting from December 1.

The minimum monthly wage will be: from January 1, UAH 1,257, from December 1, UAH 1,284, with the hourly rate being UAH 7.53 from January 1, and UAH 7.69 from December 1.

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