KIEV, Oct. 21 – The International Monetary Fund is concerned over the adoption by Parliament of a bill on a rise in the living wage and the minimum wage, IMF Mission Chief to Ukraine Ceyla Pazarbasioglu said while meeting with Parliament Speaker Volodymyr Lytvyn in Kiev on Wednesday.

During the meeting, Lytvyn and Pazarbasioglu touched upon the current economic and political situation in Ukraine. The IMF mission chief said that the fund was concerned over the adoption by the Verkhovna Rada of the bill raising social standards, as it will seriously complicate the execution of Ukraine's national budget and the fiscal deficit will far exceed 8%, which is not in line with the previous agreements with the IMF.