The decision made by the Cabinet of Ministers of Ukraine to freeze pensions, the minimum wage, and the subsistence minimum for three years may be reconsidered after the first half of 2025. This was stated by Mykhailo Tsymbaliuk, the first deputy chairman of the Verkhovna Rada committee on social policy and veterans' rights, a member of the "Batkivshchyna" faction, in an interview with "Ukrainian News."
The deputy called the government's decision to freeze social standards unjust and expressed confidence that it would be reviewed this year. Members of parliament are discussing with ministries the increase of the subsistence minimum, which serves as the basis for over a hundred benefits, as well as the minimum wage.
"I believe that the Cabinet will indeed come up with such an initiative after the first half of the year. We are discussing this with various ministries. Why? Because there will be economic growth by then," said Mykhailo Tsymbaliuk.
He noted that increasing pensions and wages would lead to additional budget revenues through taxes, enabling an increase in funding for the military-industrial complex. According to the parliamentarian, the internal financial situation allows for such a decision. Furthermore, this year Ukraine will receive over 40 billion euros in support from partners, which will help raise standards. In particular, an increase in the subsistence minimum will raise the minimum pension, which currently stands at 2,360 UAH, while nearly 2 million Ukrainian pensioners receive up to 3,000 UAH.
"We are making progress in this process, and I think the government will go for it because raising pensions and the minimum wage stimulates the economy. Pensioners, receiving more substantial amounts, go to stores, pay utility bills, and thus stimulate economic development rather than hiding money 'under the mattress,'" explained Tsymbaliuk.
If the government revisits the freeze on the subsistence minimum and minimum wage, other benefits dependent on them will also increase, particularly the assistance for childbirth.
Recall that on January 21, the Pension Fund of Ukraine discussed the violations for which Ukrainians may lose their pensions and how to restore them.