The Finance Ministry of Ukraine does not see an opportunity for reviewing the size of minimum wage in Ukraine upwards to UAH 4,200, Deputy Finance Minister of Ukraine Serhiy Marchenko has said.

"Today, the operational data of the State Treasury for the first quarter of 2018 indicate that there is no possibility to raise the minimum wage. At the end of three months, the national budget received UAH 193.6 billion, which is 96.9% of the target for the first quarter of 2018 (UAH 199.7 billion) That is, the national budget has received UAH 6.1 billion less," he said in an interview with delo.ua.

According to the deputy minister, if the minimum wage increased to UAH 4,200 per month from April, it would be necessary to expand the expenditures of the budget for a year by at least UAH 13 billion. At the same time, this amount does not take into account the expenses for raising the official salary of an employee, the tariff category and a single tariff system. With this in mind, the Ministry of Finance estimates the additional need for spending for the current year at UAH 30 billion.

Marchenko said that the tough monetary policy of the National Bank of Ukraine (NBU) influences the possibilities of the Finance Ministry.