Member of the Parliamentary Committee on Finance and Banking Activity Viktor Pynzenyk has sent his proposals to the Verkhovna Rada regarding amendments to the draft Budget for next year in the first reading. "These proposals are aimed at transforming the budget into a social instrument, which it is by definition, and distributing State Budget funds in favor of the majority of Ukrainian citizens," he stated. As LIGABiznesInform was informed by the press service of the central election headquarters of V. Yushchenko, V. Pynzenyk's proposals include establishing a minimum wage of 300 hryvnias per month from January 1, 2005, with the restoration of inter-positional salaries in the remuneration of public sector employees. "This is not only an important social decision. It allows for meeting the needs of pensioners for funds, since it provides a resource for calculating wages, a resource for increasing pensions, moreover in a differentiated amount, depending on earnings and length of service," the deputy assured. In addition to that proposal, they provide for the full entry into force of Article 57 of the Law of Ukraine "On Education," compensation to local budgets for amounts of penalties by court decisions under the said article and expenses related to the establishment of a new minimum wage and repayment of citizens' savings in the amount of 6.5 billion hryvnias exclusively in monetary form. V. Pynzenyk also proposes to establish the subsistence minimum for citizens at 423 hryvnias already from January 1, 2005. "These are the most fundamental proposals of a social nature, and about ten of them are indicated. All these proposals are within the limits of the budget resource envisaged for next year," he emphasized. At the same time, V. Pynzenyk recalled that the budget increase for next year according to the government's own forecasts amounts to 28 billion hryvnias. "Such changes in the budget will allow not only transforming it into a qualitatively new social instrument but will also give an additional impetus for Ukraine's economic growth," he is convinced. According to the parliamentarian, the document with proposals was signed by the authors who prepared the draft resolution on the direction of the 2005 Budget for revision – people's deputies V. Yushchenko, V. Pynzenyk and S. Teriokhin.