You're reading: Yatseniuk calls on president to veto law on state budget for 2012

Front for Change Party leader Arseniy Yatseniuk has demanded that Ukrainian President Viktor Yanukovych veto the law on Ukraine's state budget for 2012.

"This budget is anti-social, and it does not solve any economic problems facing Ukraine and is aimed solely at further enriching a handful of people close to power," the party’s press service quoted Yatseniuk as saying.

The politician said that despite all of the promises made by the authorities, the law on the state budget empowers the Cabinet of Ministers to distribute payments to citizens entitled to benefits in an unsupervised and disorganized way, depending on the level of the replenishment of the state budget and the budget of the Pension Fund.

This actually allows the government to manipulate public finances and make payments to certain categories of these citizens at the expense of others, he added.

Yatseniuk said that the adopted budget did not ensure all of the social benefits provided by law. In addition, prices will rise more rapidly than minimum pensions and wages, he said. The budget also envisages a reduction in the wage fund by Hr 15.6 billion, he added.