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Cabinet cut President's salary by half

Cabinet cut President's salary by half
By its resolution of March 31 "On Payment of Work of President of Ukraine in 2010" the Cabinet cut down a salary of the Head of the State by 50%.

According to the document, from April 1, 2010 and till January 1, 2011, the salary of the President of Ukraine is 50 percent less against the salary as of March 1, 2010. In addition, expenses for allowance of presidential staff and local state administrations were cut by 20%.

The government's resolution was taken in fulfillment of the President's decree of March 4, 2010 "On Measures for Ensuring Reduction of Expenditures of the State Budget of Ukraine."

According to the declaration of ex-president Viktor Yushchenko for 2008, the salary of the head of state made 492 ths 20 UAH, i.e. 41 thousand per month.