Ukraine's Cabinet of Ministers during the revision of the draft 2017 national budget, taking into account proposals of lawmakers, has increased its expenses and revenue by UAH 15.13 billion or some 2%.

According to the document posted on the Verkhovna Rada's website on Wednesday, revenue is proposed to set at UAH 721.4 billion and expenses – UAH 790.39 billion, while the deficit was not changed – UAH 77.55 billion.

"The decision of the government to set minimum wage at UAH 3,200 a month and the first tariff employee's salary at UAH 1,600 was taken into account when the draft budget was prepared for second reading. An additional UAH 28.3 billion is foreseen in the bill for these purposes," the government said in the explanatory note to the bill.

The government said revenue and expenses of the general fund were increased by UAH 15.43 billion – to UAH 669.41 billion and UAH 735.38 billion, while the deficit of the general fund remained UAH 62.34 billion.

The government proposes the increase of revenue of the 2017 national budget by UAH 118.37 billion or 19.6%, including for the general fund by UAH 98.74 billion or 17.3%.

Expenses in the revised bill are UAH 113.87 billion or 16.8% higher than expenses this year, including for the general fund – UAH 93.1 billion or 14.5%, while the budget deficit was cut by UAH 6.15 billion or 7.3%, including by UAH 6.56 billion or 9.5% for the general fund.

The government said that growth of expenses in the revised bill is secured by the revision of revenue of the National Bank of Ukraine (NBU) upwards by UAH 4 billion (to UAH 45 billion), dividends – by UAH 1.6 billion (to UAH 18.5 billion) and revenue from the increase of minimum wage – by UAH 20.3 billion, including UAH 9.4 billion for the national budget, UAH 10.9 billion for local budgets.

Total sum of resources provided for the implementation of tasks determined in budget conclusions by the Rada exceeded UAH 2.8 billion.