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  • Denys Shmyhal named the priority areas of funding in 2021 State Budget
    Communications Department of the Secretariat of the CMU, posted 16 September 2020 14:05

    The Government's priorities have not changed and they are clearly reflected in the budget: medicine, education, security and defense, social protection, road construction and business support.

    This was emphasized by the Prime Minister Denys Shmyhal during a regular sitting of the Cabinet of Ministers of Ukraine on September 16.

    This week, the Government has submitted to the Verkhovna Rada a draft law on the State Budget for 2021. Denys Shmyhal emphasized: this is an optimal document that takes into account the maximum needs of people and at the same time is realistic to implement.

    "The budget contains unprecedented expenditures on healthcare - UAH 156 billion. UAH 27.5 billion more than this year. This will allow to increase doctors' wages by 30% next year. As a result that will enable improvement of the quality of medical services and allow to additionally equip hospitals. Almost UAH 20 billion will be allocated to fight coronavirus. This means that next year hospitals will be provided with everything necessary," said the Head of Government.

    Another priority, according to the Prime Minister, is to increase spending on education - a UAH 34 billion growth. As usual, spending on social protection will grow, and public investment in infrastructure will continue to increase.

    "The sum worth UAH 150 billion is planned for road construction next year. This is an unprecedented amount. The President's "Great Construction" program is a program allowing to create tens of thousands of jobs and helps the economy recover," said Denys Shmyhal.

    The Prime Minister also noted that there are some myths about the draft budget that need to be clarified. One of them is an unbearable deficit. The Prime Minister stressed that due to the pandemic, almost every country in the world has increased its budget deficits.

    "This was done in order not to raise taxes and increase spending on medicine, to support people and businesses. Next year, we budget 6% of the deficit, which is 1.5% less than this year. The Ministry of Finance has carefully calculated the ways to attract funding to cover the deficit. We expect an increase in revenues from the tax and customs services by improving their work," said Denys Shmyhal.

    The second myth, according to the Prime Minister, is the unjustified increase in the minimum wage, which will be set at UAH 6,000 from January 1 and will amount to UAH 6,500 from July 1.

    "We are criticized that this is an unjustified decision. I disagree. Such an increase definitely contributes to the increase in demand, and hence to the growth of the economy,” the Head of Government stressed.

    Denys Shmyhal named the priority areas of funding in 2021 State Budget