Ukraine's poverty rate down – social policy minister

Ukrainian's Social Policy Minister Andriy Reva says the poverty rate in Ukraine dropped by 15.1 percentage points from 54.5% in 2016 to 39.4% in 2017.

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The poverty reduced due to the increase in social standards. In particular, the minimum wage doubled to UAH 3,200 (US$144) from January 1.

"The reason was both an increase in social standards and an average salary rise," Reva said at a press conference on December 28.

Read alsoUkraine's national budget sees $198 mln in surplus in 11 monthsAccording to the minister, the payroll budget for the year increased by 36.1%, or by UAH 211 billion ($7.5 billion), to UAH 796.3 billion ($28.5 billion).

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