Experts believe that the requirement of Party of Regions leader Viktor Yanukovych to increase the minimum wage has no economic justification and lead to inflation.

Today

Yanukovych demanded the government raise the minimum wage to 1500 UAH, pension - up to 1300 UAH. This decision should take the parliament on September 1, - he said. To comment on this pre-election initiative leader of the Party of Regions UNIAN turned to the leading economic experts.

Director of the Institute for Economic Research and Policy Consulting Igor Burakovsky considers this initiative has no economic justification. The expert stressed that during the economic crisis is not worth to talk about changing social standards. Even when the situation in the economy is fully normalized, believes Burakovsky, you will not enter the total increase in minimum wages and pensions, and reform all social standards. Now such aspirations simply do not have economic substance.

Director of the Center for Social Studies Sofia Andrey Ermolaev believes that in the case of such an initiative Yanukovych's income would have risen slightly in the Pension Fund, and several declined to shadow share in earnings. But the judge stressed that Mr. Yanukovich, speaking with such a requirement was to specify - from any additional sources of revenue should be financed like raising the minimum wages and pensions.

In addition, the expert's opinion, this initiative could result in an additional issue of money, which has a negative effect on the rate of hryvnia and further complicate the situation in many enterprises, who are currently forced to reduce production and stop because of the crisis.

director of economic programs of the Center Razumkov Vasily Yurchishin sees in Yanukovych's claim about increase in minimum wages and pensions and the double standards and social populism. On the one hand, the expert said, the opposition said the decline in production and, consequently, reduce state budget revenues. On the other hand, the same opposition demands to further increase fiscal spending, showing the alleged concern for the workers.

This Yurchishin noted that to date no comprehensive, systematic data regarding the implementation of the state budget, and therefore difficult to assess the extent possible (or impossible) claims embodiment of Yanukovych. The budget should be inscribed in the real state of the economy, - the expert said. He believes that the proposal to increase minimum wages and pensions are not based on the available resources, which can now give the economy of Ukraine.

expert Schools political analysts at the National University of Kyiv-Mohyla Academy Sergei Kiselev predicts that in the event of incarnation, an initiative of Yanukovych in the generally negative impact on the economy. He recalled that during the global economic crisis in many countries there is a reduction in social expenditures of the state. For example, in Latvia, the salary to employees of budgetary institutions reduced by 20%, cut from the payments to young mothers on the child. In Estonia, in particular, reduced payments for unemployment and the like. In Ukraine, the kind, social standards, no cuts, but to talk about their sharp rise during the crisis unreasonable, - stressed Kiselev.

In addition, the expert drew attention to the fact that the rate of the minimum wage rather ephemeral, and in many developed countries (particularly in Germany, Austria and Italy) do not apply. In France, the UK, Ireland, governed only by the minimum hourly rate of pay - as the most accurately reflects the true state of wages. We have thesame measure of the minimum wage are often manipulated, - said the expert.

Kiselev also stressed that is not economically justified increases in minimum wages and pensions could lead to higher inflation and an even deeper drop in the exchange rate of hryvnia. Right now, inflation in Ukraine two times less than in the past year - recalled the judge. - But it can become a real problem in the case of unbalanced, unweighted social policy.

Head of the department of economic and social policies of the National Institute for Strategic Studies Jaroslav Zhalilo noted that no one has seen the justification for these initiatives, the leader of the Party of Regions. Indicators of minimum wage and pensions rigidly tied to overall macroeconomic stability of the country, reminded the judge. It is clear that increasing the minimum wage would increase the wage bill throughout the country, and it is - the additional burden on the budget and business during the economic crisis. How to take money? - Asked Zhalilo.

The expert also emphasized that substantial increases in minimum wages and pensions would lead to rapid increases in consumer demand, as a consequence - to increase demand for imported goods, worsening balance of trade of the country, and accordingly - see declines in the exchange rate of hryvnia. The proposal of Mr. Yanukovich's very similar to populism, so today is seriously talking about it is not worth - summed up the expert.

economist of the International Center for Advanced Studies Zholud Alexander believes that the proposed Yanukovych raising the minimum wage to a pension is not possible without additional sources of funds - and in the state budget and private companies, who will be obliged to increase accordingly the wage bill.

expert stressed that the consequence will increase the budget deficit and rising prices at the consumer market. And because the additional financing the budget deficit - at least from the outside, even from domestic sources - is virtually impossible, unduly raising social standards will be an additional printing money, inflation, depreciation of the national currency, - summed Zholud.

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