In the draft budget for 2023, the Ministry of Finance does not provide for an increase in the minimum wage. This was announced by Deputy Finance Minister Roman Ermolichev, the press service of the Ministry of Finance reports..

So, in the project it is planned to lay the minimum wage at the level of December 2021, that is, 6700 UAH.

“The minimum wage will be at the level of December last year,” Roman Ermolichev emphasized.

At the same time, according to the Deputy Minister, next year the costs of pension and social security will not decrease, and some will be increased..

About UAH 5.5 billion will be pledged to provide housing for war veterans, because this category of citizens is extremely important. Timely payment of pensions, social benefits, salaries to doctors and teachers will also be ensured..

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Recall that the minimum wage is UAH 6,500, and the budget for 2022 was supposed to increase it to UAH 6,700 from October 1.

Hourly wages will increase by UAH 1.2 - up to UAH 40.46.

If we take into account the personal income tax (personal income tax or income tax) in the amount of 18% and the military tax in the amount of 1.5%, then the “clean” minimum wage will be UAH 5,393.5 (now UAH 5,232.50).

The size of a number of taxes is tied to the size of the minimum wage. So, for example, along with the minimum wage, the size of the minimum ERU insurance premium also increases..

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As reported, as a result of Russia's full-scale military aggression, shortfalls in certain state budget revenues in January-June of this year amounted to at least UAH 176 billion..

For eight months of 2022, the state budget was executed with a deficit of UAH 416.9 billion.

July-August 2022. collective bargaining was held to set the minimum wage for 2023. The negotiations were attended by representatives of trade unions, employers, the Ministry of Finance, the Ministry of Economy and the Ministry of Social Policy.

The Ministry of Economy saw an opportunity to raise the minimum wage for the year to UAH 7250. At the same time, representatives of the employers' side supported the position of the Ministry of Finance on maintaining the minimum wage at UAH 6,700 in 2023..

According to the Ministry of Social Policy, the actual size of the subsistence minimum for able-bodied persons in June 2022 prices is estimated at UAH 7,000 and is projected at UAH 8,200 at the beginning of 2023.