By 2029, the average salary will rise to 44,083 UAH – the government approved the Budget Declaration for the next 3 years
The Government of Ukraine has approved the Budget Declaration for 2027–2029, which provides for a gradual and balanced increase in social standards. This was announced by Prime Minister Yuliia Svyrydenko.
According to the document, the minimum wage in 2027 will grow at a faster pace than the inflation rate.
The subsistence minimum during 2027–2029 will increase by the inflation rate plus 2 percentage points annually.
Within the framework of the declaration, support for veterans and persons affected by armed aggression will continue, as well as measures to create conditions for the return of forced migrants and the restoration of human capital.
The document is coordinated with international partners and complies with Ukraine's commitments under external financial support programs.
The Budget Declaration is based on a baseline scenario that anticipates an improvement in the security situation from 2027. At the same time, an alternative resilience scenario is included in case of a prolonged active phase of hostilities.
The government's economic forecasts predict real GDP growth of 4.5% in 2027, 5.3% in 2028, and 6.7% in 2029.
The average salary is estimated to increase from 35,010 UAH to 44,083 UAH, while the inflation rate will decrease from 8.9% to 5.1%.
The government notes that the document is the basis for a consistent budget policy aimed at ensuring macroeconomic stability and sustainable economic recovery.
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