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14:54 03 Nov 2022

Verkhovna Rada adopted state budget for 2023: details

Фото: Телеграм/ Железный нардеп

On November 3, the Verkhovna Rada adopted the law on the state budget of Ukraine for 2023, and a total of 295 deputies voted for the document

This is reported by Rubryka with reference to draft law No. 8000, Telegram of a member of the "Voice" faction, Yaroslav Zheleznyak.

The People's Deputy published data on voting by factions and groups:

  • "Servant of the people" – 211 deputies
  • "European solidarity" – 0
  • "Fatherland" – 0
  • "Platform for life and peace" – 18
  • "For the future" – 15
  • "Voice" – 10
  • "Trust" – 16
  • "Restoration of Ukraine" – 15
  • Non-fractional – 10.

"This is a record for the earliest adoption of the budget in the history of Ukraine. Now we hope that international partners will appreciate our punctuality and fully finance the established, also record-breaking, deficit of $38 billion," Zheleznyak wrote.

The main part of the adopted state budget for 2023

Revenues of the state budget are foreseen in the amount of 1 trillion 329.3 billion hryvnias, including:

  • general fund 1 trillion 173.1 billion hryvnias,
  • special fund 156.1 billion hryvnias.

Expenditures will amount to 2 trillion 580.7 billion hryvnias, including:

  • general fund 2 trillion 296.5 billion hryvnias,
  • special fund 284.2 billion hryvnias.

The marginal volume of the deficit is 1 trillion 296.5 billion hryvnias.

Living wage and minimum pension

The size of the subsistence minimum in 2023 will remain unchanged. The amount of state employees' salaries, pensions, and social benefits depends on this indicator.

From January 1, 2023, the subsistence minimum per person per month was established in the amount of 2,589 hryvnias, and for the main social and demographic groups of the population:

  • children under 6 years of age – 2,272 hryvnias;
  • children aged 6 to 18 – 2,833 hryvnias;
  • able-bodied persons – 2,684 hryvnias;
  • able-bodied persons, which is used to determine the basic salary of a judge – 2102 hryvnias;
  • able-bodied persons, which is used to determine the salaries of employees of other state bodies whose wages are regulated by special laws, as well as employees of tax and customs authorities – 2,102 hryvnias;
  • able-bodied persons, which is used to determine the official salary of the prosecutor of the district prosecutor's office – 1,600 hryvnias;
  • persons who have lost their ability to work (minimum pension) – 2,093 hryvnias.

Minimum salary

In 2023, the minimum wage will not increase. The document establishes the minimum wage from January 1, 2023:

  • in the monthly amount – 6700 hryvnias;
  • in an hourly rate – 40.46 hryvnias.

State employees salaries

The Cabinet of Ministers of Ukraine decided not to raise the salaries of state employees in 2023. There will be no increase until the end of the current year.

Social sphere expenditures

The Cabinet of Ministers planned to reduce spending on the Ministry of Social Policy in 2023 to 405 billion hryvnias compared to 425 billion hryvnias this year.

The reduction was planned due to decreased subsidies to the Pension Fund. At the same time, by the second reading, expenditures on PFU were increased by 38.9 billion hryvnias. Thus, spending on the social sphere will increase.

Subsidies

In the state budget for 2023, 37.9 billion hryvnias will be allocated to housing subsidies, which is 9.2% less than in 2022.

Security and defense spending

In the budget, the total resource for national security and defense is 1 trillion 141.1 billion hryvnias or 18.2% of GDP:

  • general fund – 1 trillion 6.1 billion hryvnias,
  • special fund – 115.0 billion hryvnias,
  • state guarantees – up to 20 billion hryvnias.

Dollar exchange rate

In the state budget, the average exchange rate is 42.2 hryvnias per dollar for the year. Thus, the dollar may rise in price by approximately 10 hryvnias (in 2022, the average exchange rate will be 32.3 hryvnias).

Category:
Economics

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