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Rada approves 2017 national Budget
21.12.2016 10:14 "Agro Perspectiva" (Kyiv) —
As of today, the Verkhovna Rada (Ukrainian Parliament) has approved draft law of Ukraine No. 5000 on the national Budget for 2017, Ukrinform reports.
As to the report, a total of 274 MPs have voted in favor of the corresponding bill.
Reportedly, the Budget stipulates the revenues at UAH721.4 milliard, expenditures at UAH790.39 milliard. Also, the GDP is expected at the level of 3% against 3.7% of GDP stipulated for this year.
Besides, as to Budget, Ukrainian 2017 inflation is expected to reach 8.1% and the UAH/US$ exchange rate is to be UAH27.2.
On Jan 1, 2017, minimum wage will double from UAH1,600 to UAH3,200.
Besides, the Budget stipulates that a total of UAH14.2 milliard will be allocated for the Ukrainian Road Fund. The Fund will be able to accumulate funds from international financial institutions what will allow the attraction of additional UAH27.2 milliard (US$1 milliard).
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