IMF not against minimum wages increase envisaged in Ukraine's budget for 2017 – Finance ministry

16:31, 17.11.2016 1 min read

The International Monetary Fund (IMF) is not against the increase in the minimum wage in 2017 to UAH 3,200, which is stipulated in the 2017 draft state budget, Ukraine's Deputy Finance Minister Serhiy Marchenko told Interfax-Ukraine.

"Naturally, the IMF had questions about it, but the Finance Ministry had all the calculations, we explained why this is possible. So at this point I do not see any problems... the IMF hasn't spoken against it," the deputy minister said when asked about the IMF's reaction to the idea of minimum wages raise starting from 2017.

He added that the IMF mission, which is currently working in Ukraine, has studied the draft state budget for 2017.