The Ukrainian government is working on improving living standards in the country thanks to the money which was saved due to the write off of part of the Ukrainian state debt and its restructuring, Ukrainian Prime Minister Arseniy Yatseniuk has said.

"Now we together with Finance Ministry and president of the country are working in order to spend money we managed to save towards improving living standards, and this decision will be announced separately," he said during a government meeting, adding that work on related amendments to the bill on the 2015 state budget has already begun.