The bill was adopted on Dec 15 / Photo from ua.depositphotos.com
The deficit of the national budget is capped at US$8.7 billion.
Ukrainian President Volodymyr Zelensky has signed a bill on the national budget for 2021 into law.
This was reported by the presidential press service on December 25.
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The bill was adopted the Verkhovna Rada, Ukraine's parliament, on December 15.
According to the document, budget revenue for 2021 amounts to UAH 1.084 trillion, or US$38.2 billion, while budget spending is set at UAH 1.320 trillion, or US$46.6 billion. The deficit of the national budget is capped at UAH 246.635 billion, or US$8.7 billion.
The 2021 budget provides for almost UAH 160 billion, or US$5.6 billion, for healthcare, and almost UAH 170 billion, or US$5.9 billion, will be allocated for the development of education and science. Spending on national security and defense is foreseen in the amount of UAH 267 billion (US$9.4 billion), or 5.93% of GDP.
From January 1, 2021, the minimum wage will increase to UAH 6,000 (US$211.6), and from December 1, 2021, it will be UAH 6,500 (US$229.3), with a respective review of expenditures for public sector employees' salaries.