Draft 2017 national budget has realistic scenario for boosting revenue from social security tax

13:27, 18.11.2016 1 min read

Ukraine's Finance Minister has said that the draft 2017 national budget includes a realistic scenario to increase revenue from social security tax, Deputy Finance Minister Serhiy Marchenko has told Interfax-Ukraine.

"The most conservative scenario has been selected. Some of salaries would be removed from the shadows and help to increase revenue from social security tax," he said.

He added that the scenario to bring salaries out of the shadows outlined in the budget is realistic. It does not say that 100% of salaries will be removed from the shadows, but around 60% of additional revenue to the budget would come from the increase of revenue from social security tax.