Yatsenyuk: the poverty line in Ukraine will not increase in 2014

chornajuravka's avatarEuromaidan PR

Speaking on Shuster LIVE on Friday night, Prime Minister Arseniy Yatsenyuk stated that the poverty line in Ukraine will not increase in 2014.

“We’re being honest about this: we’re not raising the minimum living standards this year, but we’re also not cutting them. These levels will be frozen as of January 1 of this year”, said Yatsenyuk.

Nevertheless, according to him, “the government has managed to leave enough funds in the budget to allow for indexation to inflation level.” “In other words, the prices will be going up. The dollar’s exchange rate went up against hryvnia, which means that everything will go up. We forecast inflation at the rate of 12-14%. This is consumer price increase. That is why we will index pensions and the poverty line to adjust them to inflation rate”, added the Prime Minister. Yatsenyuk also reminded that the rates for gas and heat for consumers will…

View original post 150 more words

This entry was posted in Reblogged. Bookmark the permalink.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.