The Cabinet of Ministers has approved the Budget Declaration for 2027–2029—a medium-term fiscal document that defines the principles of the state's budget policy for the next three years. This was reported by Prime Minister Yuliia Svyrydenko, according to UNN.
Details
The government approved the Budget Declaration for 2027–2029, which, among other things, provides for a balanced increase in social standards. The minimum wage in 2027 will increase at a rate exceeding the inflation level. The subsistence minimum will grow at the rate of inflation plus 2 percentage points throughout all three years (2027–2029),
According to her, support for veterans and persons affected by armed aggression will continue, and conditions will be created for the return of forced migrants and the restoration of human capital.
The Budget Declaration is aligned with international partners and Ukraine's obligations under external financial support programs. It was developed based on a baseline scenario that assumes an improvement in the security situation starting from 2027. At the same time, a resilience scenario is provided in case of a longer active phase of hostilities,
She emphasized that real GDP growth acceleration is expected at 4.5% in 2027, 5.3% in 2028, and 6.7% in 2029. The average wage is projected to rise from UAH 35,010 to UAH 44,083, while inflation is expected to slow from 8.9% to 5.1%.
"This is a balanced and consistent government budget policy that lays the foundation for macroeconomic stability and sustainable economic recovery,"
As a reminder
The government presented the Budget Declaration for 2027-2029, which envisages, even under an optimistic scenario, a gradual weakening of the hryvnia-to 51.5 UAH/$ by the end of 2029.