President signs 2007 budget

Victor Yushchenko signed next year’s budget on Friday after the Verkhovna Rada and Ukraine’s government agreed to his demand to improve social standards in 2007, according to the President`s press-office.

Ukrainian lawmakers adopted a resolution to raise the minimum wage for over fifteen million citizens. Thus, the government will raise the living wage to UAH 397 on April 1 and UAH 406 on October 1. The minimum wage will grow to UAH 420 on May 1, UAH 430 on August 1 and UAH 460 on December 1.