Ministry of Finance: In 2024, the minimum wage will grow up to UAH 7,665

The budget declaration for 2022-2024, which was supported by the Verkhovna Rada of Ukraine on July 15, provides for a gradual increase in the minimum wage.

Thus, taking into account the macroeconomic forecast, which is the basis of the Budget Declaration, the minimum wage will increase in the following stages:

01.01.2021 - UAH 6,000

01.12.2021 – UAH 6,500

01.10.2022 - UAH 6,700

01.01.2023 - UAH 7,176

01.01.2024 - UAH 7,665

Thus, in 2024, the "minimum wage" as compared to the current year will increase by UAH 1,665 and will amount to UAH 7,665.