Ministry of Economy suggests raising minimum wage from 2024 to UAH 7651 a month from the current UAH 6,700, according to Federation of Trade Unions of Ukraine (FTU) at May 25 meeting of joint working commission of trade unions, employers and government on fixing minimum wage.
With reference to the Deputy Minister of Economy Tatiana Berezhnaya said that the Ministry of Economy has already sent a proposal to the Ministry of Finance.
In addition, the agency is in favor of increasing the official salary of the employee I wage rate level UTS, frozen since December 1, 2021 at the level of UAH 2893 to UAH 3443.
At the same time, it is pointed out that, according to the Ministry of Social Policy, the actual size of the cost of living for able-bodied persons in prices of April 2023 was 7782 UAH per month.
According to Berezhnaya, the Ministry of Economy is also in the process of revising preliminary indicators of macro forecast for the next budget period, which the Finance Ministry expects by June 19, 2023, as part of the preparation of the state budget 2024.
The deputy head of the FPU Vasyl Andreev and the head of the department of budget and remuneration of labor apparatus of the FPU Svetlana Makonyuk said that trade unions offer to set the minimum wage in 2024 at 9435 UAH – not lower than the actual size of the cost of living for employable persons in light of the forecast consumer price index 2023.
They also recalled that the EU recommends setting the minimum wage at 50% of the average wage
In turn, representative of the employers Sergei Bilenky noted that they expect to increase the minimum wage by 10-15% of the current level in 2024.
As reported, since October 1, 2022 the minimum wage in Ukraine increased by 200 UAH – up to 6700 UAH.
