KIEV, Oct. 27 – The bill on the increase of social standards adopted by Parliament last week is a political step and is not an economically justifiable program on the increase of welfare in Ukraine, according to Andriy Nesteruk, senior analyst from Phoenix Capital.

"With the increase of social standards, the public's welfare will not actually grow, and only inflation and unemployment rates will increase. In this case the IMF is demanding from Ukraine something that is in the scope of the country's interests," the expert said.

He said that it is likely that the president will veto the law, which will be a sufficient grounds to allocate the fourth tranche.

Nesteruk said that if the law takes effect, the expenses of the national budget would have to be increased by at least UAH 25 billion.