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Ukrainian government plans 40% devaluation of the national currency in budget 2015

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Ukrainian government plans 40% devaluation of the national currency in budget 2015
Photo: Reuters

The Cabinet plans the hryvnia exchange rate at UAH 22/ US $1 in the national budget 2015, reported several sources in the parliament.

Thus, according to the sources, currently the government came to the conclusion that the exchange rate at UAH 22/ US $1 corresponds to the real situation, according to Economichna Pravda.

As reported, currently the Cabinet discusses the draft of the national budget 2015, which takes into account changes to the Tax Code, reforms of the Unified Social Tax and decentralization.

According to the document, which is available to mass media, the Cabinet plans to set the revenues of the national budget for 2015 at the level of UAH 432.3 bn (US $26.15 bn), the expenditures – at the level of UAH 485.3 bn (US $29.36 bn).

The subsistence level was proposed at the level of UAH 1,214 (US $70) from January 2015, UAH 1,240 (US $80) – from December 1, 2015.

The minimum wage per month will amount to UAH 1,257 from January 1, UAH 1284 - from December 1. The minimum wage per one hour will amount to UAH 7.53 from January 1, UAH 7.59 - from December 1.

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