The rise in welfare payments and payment of compensations to the USSR Savings Bank depositors will not lead to inflation, the vice prime minister of Ukraine Serhiy Tihipko said.

“The Ukrainian government is monitoring this situation. The current inflation rate is extremely low. Moreover, the imposition of a sumptuary tax and offshore operations tax will constitute additional inflow,” the vice prime minister said.

Tihipko added that the Ukrainian government has succeeded in the social standards rising fairly recently, as it had to emerge a critical situation “created by the former government”.  

As reported, on March 7, President Yanukovych told that the partial compensation to the USSR Savings Bank depositors is to be paid by the end of the year starting from June 1.

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