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  • Minimum wage increases gave impetus to the issue of remuneration of labour in general and entailed average wages improving, says Volodymyr Groysman
    Information and Communication Department of the Secretariat of the CMU, posted 03 May 2018 09:58

    The increase of the minimum wage was a deliberate and systematic step taken by the Government, thereby allowing to provide an impetus for solving the issue of labor remuneration for the Ukrainian citizens and to raise the average wage in the country. This was stated by Prime Minister of Ukraine Volodymyr Groysman in an interview with Interfax-Ukraine.

    "We have put in place a very systematic measure, thereby, in my opinion, opening up yet another opportunity, notably giving momentum to the issue of wages in general.We can say that we began to repay debts to working Ukrainians, as their work has long been underestimated. The minimum wage increase has entailed the average salary improving. I believe in the current year the average wage may amount about UAH 10 thousand", said Volodymyr Groysman.

    Moreover, he noted that the future of this process would depend on the opportunities offered by the economy. "We should achieve balance. The figure UAH 3.2 thousand (an increase in the minimum wage from January 2017) was our planned increase. So we advance further. And our progress will depend on the economy response. I stand for the minimum wage growth, I stand for improving wages along various sectors".

    Though, the PM noted that the unshadowing of salaries in general allows planning the work of the Pension Fund with an ability to alleviate the deficit of the Fund in seven years.

    "We anticipate the deficit eliminated in seven years. Much depends on abolishing shadow payroll. We predicted that throughout the three years the deficit rate would be preserved - almost UAH 140 billion. It has remained unchanged, we are still within the target. We shall keep monitoring the situation. We must work harder to ensure employers reporting real salaries, as the current situation is that a number of employees are still getting envelope salaries, and this is a huge problem for Ukraine," the Prime Minister stressed.

    Minimum wage increases gave impetus to the issue of remuneration of labour in general and entailed average wages improving, says Volodymyr Groysman