The Ukrainian government will fulfill its promise to raise the minimum wage to 3200 hryvnia by devaluing the hryvnia, laying off workers and increasing public debt.
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This was stated at a press conference in Kyiv by the head of the Committee of Economists of Ukraine Andrey Novak, who said that the government will fulfill its promise from three sources.
“The first and most important source is the reduction of workers in educational institutions, medicine, science and culture, sports and the public sector. Due to the reductions, the remaining ones will be able to raise the minimum wage. The second source is the calculation of the inflationary effect. It is for this purpose that the government, together with the NBU, continues to artificially devalue the hryvnia in order to achieve an inflationary effect to fill state and local budgets. If the first two sources are not enough, the national debt will obviously increase – internal and external,” the expert believes.