Photo: RIA Novosti
The government of Ukraine approved the budget of the Pension Fund of the country in 2018 with subsidies to cover the deficit of $ 139 billion (4.85 billion dollars), UNIAN reports.
According to the Ministry of social policy of the country, the appropriation from the state budget to Finance pension programs amounted to 139.3 billion. “Provided funding gives you the opportunity to ensure the payment of pensions, allowances and promotions, the deficit in the Pension Fund of Ukraine in accordance with the current legislation”, — noted in Department.
The volume of budget revenues of the Pension Fund is 353,6 billion hryvnias ($12.3 billion), expense — 345,8 billion hryvnia ($12.1 billion).
In October of last year the Verkhovna Rada of Ukraine approved the law on pension reform, the adoption of which is one of the requirements to receive the next tranche of lending from the International monetary Fund.
In 2017, the revenues of the Pension Fund of Ukraine amounted to 284 billion UAH (9.9 billion dollars), subsidies to cover the deficit — 141 billion USD (4.9 billion dollars).
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