The Ukrainian Ministry of Finance has received support from the Verkhovna Rada for the budget declarations for 2022-2024. Among other things, the declaration determines the timetable for increases in the Ukrainian minimum wage.
The schedule is not set in stone, but if macroeconomic forecasts hold, the budget declaration determines the following increases for the minimum wage in Ukraine.
01.01.2021 – UAH 6,000
01.12.2021 – UAH 6,500
01.10.2022 – UAH 6,700
01.01.2023 – UAH 7,176
01.01.2024 – UAH 7,665
According to these plans, the minimum wage as compared to 2021 will increase by UAH 1,665 and will amount to UAH 7,665 by the start of 2024.
