Minimum wage increase to US$229 postponed until Dec 2021 – finance minister

It was postponed until December 1, 2021 Photo from UNIAN Ukrainian Finance Minister Serhiy Marchenko says the increase in the minimum wage of Ukrainian citizens to UAH 6,500 (US$229), which was scheduled for July 1, 2021, is postponed until December 1, 2021. He made the comment during the Pravo na Vladu ("Right to Power") talk show on November 26, according to an UNIAN correspondent. Read alsoGovernment again postpones pay rise for Ukrainian educators "The increase [in the minimum wage] up to UAH 6,500 was planned for July 1. Now it is expected on December 1," he said. "This is explained by the fact that such shock infusions into the economy affect inflation. We discussed the issue with our partners and decided to postpone such a move," he said. Background Earlier, the draft national budget for 2021 provided for a deficit of 6% of GDP, as well as an increase in the minimum wage in 2021 to UAH 6,500, which was to take place in two stages – up to UAH 6,000 from the beginning of 2021 and up to UAH 6,500 from July 1, 2021.

Minimum wage increase to US$229 postponed until Dec 2021 – finance minister

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