Zee government is rushing about, anticipating the end of income from guest workers
To ensure economic growth, the Cabinet of Ministers of Ukraine expects to increase household spending by raising the minimum wage.
However, consumer spending in Ukraine is provided primarily by the money of guest workers, who will become fewer over time.
Economic expert Andrei Vigirinsky stated this at a press conference in Kyiv, a PolitNavigator correspondent reports.
“In order to form a budget, they prepared a strategy.
Strategy – macro forecast for the next 3 years. With all due respect to the public media community and industry analysts, this 130-page document has not been analyzed by virtually anyone or anywhere.
If you open this document, you will see how the country’s economy will grow over the next 3 years - due to the growth of consumer demand, that is, due to an increase in household expenses, while the growth driver is determined by an increase in social standards and the minimum wage, while that the Cabinet of Ministers understands absolutely clearly that the minimum wage is not a source of income for the majority of citizens.
Because at least 50% of wages are not included in the tax base.
This is bad because we are helping out in terms of household expenses through transfers from people who work abroad, and this allows, among other things, to maintain our balance of payments. If we are talking only about official transfers – 10-12 billion per year. There is an unofficial part, which consists of envelopes and parcels that are transported in the border areas by the relevant people who provide services for the movement of goods and persons across the border. We don't think so. This flow of conditional investment into our economy will cease. The Cabinet of Ministers understands this,” the expert concluded.
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