OREANDA-NEWS. December 23, 2013. The draft Law of Ukraine on State Budget of Ukraine for 2014 has been approved at the Cabinet meeting.

The forecast of revenues of the consolidated budget for 2014 in the revised draft budget is UAH 498.9 billion, 30.2% of GDP, including revenues of the state budget – UAH 392.4 billion.

Expenditures and loans consolidated budget are projected at UAH 562.9 billion, including expenditures of the state budget - amounting to UAH 456.3 billion.

The maximum amount of the budget for 2014 deficit is to be set at UAH 59.5 billion, representing about 3.6 percent of GDP.

In order to promote social and economic development it should be held a stimulated fiscal policy to continue gradually improvement of people's lives and support economic development.

It is provided a gradual increase in the size of the living wage and minimum wage in the coming year to ensure adequate social protection of every citizen of Ukraine.