Not understand Gontareva denied the dismissal of 630 thousand Ukrainians due to the increase of the minimal salary

The head of National Bank Valeria Gontareva denied the dismissal of 630 thousand Ukrainians due to the increase in the minimum wage to UAH 3200, which previously wrote to the media with reference to the Inflation report of the NBU. According to Gontareva, such statements are incorrect.

The NBU said that the evaluation concerned the official measure of employment, not “layoffs”. According to experts of the national Bank cited the decline in formal employment primarily would occur due to the closure of “dormant” FLP due to changes in the tax laws.

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“Overall, in 2017 is expected to decline in formal employment 9 percent, partly due to the aforementioned effect (5.4%) and partly due to demographic trends reduce the number of the economically active population”, – said in comments.

Gontareva noted that the increase of the minimal salary will have a number of positive effects. In particular, this prostimulirujte the growth of domestic consumption, and hence economic activity, and this will increase the demand for labour and increase employment in the future.

According to the head of the NBU, the increase in the minimum wage will boost incentives to return to the labour market of persons who were not previously looking for work due to the lack of financial incentives.

Overall, the positive effect of the increase of the minimal salary on GDP in 2017 was estimated by the specialists of the NBU 0.5%. And that this increase was a major factor in the revision of economic growth forecast to 2.8% in 2017, said Gontareva.

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“Minimal” 3200, new pensions and a reduction of scholarships. How to change the life of Ukrainians from January 1,

Earlier, the NBU said that the increase by half from 1 January 2017 the level of the minimum wage to 3, 2 thousand UAH will have a negative impact on inflation, because prices rise, but positively on the economy, which further added 0.5%.

By the end of 2016 , Ukraine’s GDP grew by 1.8%. In the state budget for 2017 laid down the economic growth at 3%. International financial organizations are more pessimistic in their forecasts for Ukraine’s economy and give a 2-2,5%. In particular, the 2.5 percent the IMF predicts.