WHAT WILL THE MINIMAL SALARY BE IN 2024: PROPOSALS FROM THE MINISTRY OF ECONOMICS

Proposals of the Ministry of Economy for 2024, provided to the Ministry of Finance for preliminary calculations:

  • the amount of the minimum wage – UAH 7,651 (currently UAH 6,700 in accordance with the Law of Ukraine “On the State Budget of Ukraine for 2023”);
  • the amount of the salary of an employee of the 1st tariff category of the STR is UAH 3,443 (currently, this indicator is UAH 2,893; as of today, it is “frozen” at the level of December 1, 2021).

At the same time, according to the Ministry of Social Policy, the actual amount of the living wage for in April 2023 prices was 7,782 hryvnias.

Currently, the Ministry of Economy is in the process of reviewing the preliminary indicators of the macro forecast for the next budget period.

The Ministry of Finance expects from the Ministry of Economy an updated macro forecast by June 19, 2023.