President signs state budget for 2017

This is reported by the press service of the Head of State.

“Petro Poroshenko emphasized that from the very beginning, ruining traditions of the previous years, the Government had submitted the State Budget to the Verkhovna Rada in time. The President reminded that the budget had been discussed in details at the NSDC session in the context of the expenditures for the security and defense sector,” the statement reads.

According to the President, these expenditures amount to 5.2% of GDP and “are primarily focused on the funding of the Armed Forces of Ukraine including not only the fixation of financial, health, clothing and food security, but also the state defense order”.

Moreover, the Head of State particularly noted that the Government, President, Prime Minister and Parliament had jointly made revolutionary unprecedented steps to enhance labor protection – minimum wage was raised to UAH 3,200.

Petro Poroshenko emphasizes that the adopted budget is social, reform-oriented, defends Ukrainian producers, workers and improves the investment climate in the state significantly.

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