Local budgets in 2019 – experts comment the law on the state budget

Local budgets in 2019 – experts comment the law on the state budget

On 7 December, the President of Ukraine signed the Law of UkraineOn the State Budget of Ukraine for 2019” (No. 2629-VIII of 23.12.2019). The experts of the financial monitoring group of the Central Reform Office at the Minregion comment the law in regard to the local budgets and the inter-budgetary relations in the coming year.


The local budgets are based on the key macro-economic expected figures of the economic and social development of Ukraine for 2019 approved by the Decree of the Government No. 546 of 11.07.2018, including:

 

  • Nominal GDP – UAH 3 946.9 billion;
  • Growth rate of the real GDP – 103 %;
  • Consumer price index – 107.4 %;
  • Salaries for employees and military personnel – UAH 1 194.6 billion.

The state social standards for 2019 shall be as follows: 

  • Minimum wage – UAH 4 173;
  • Salary of the 1st grade according to the Unified Tariff Plan – UAH 1 921;
  • Living wage per person per month: starting from 1 January 2019 – UAH 1 853, starting from 1 July 2019 – UAH 1 936, starting from 1 December 2019 – UAH 2 027.

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budget budget analytics Ya.Kazyuk Viktor Ventsel

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