Cabinet approves Pension Fund budget with UAH 139 bln "hole"


The Cabinet of Ministers has approved the budget of the Pension Fund of Ukraine for 2018 with governmental grants to cover a UAH 139 billion deficit.

Photo from UNIAN

The relevant decision was passed at a government meeting on Thursday without further discussion.

As the press service of the Ministry of Social Policy reported, allocations from the state budget to finance pension programs amounted to UAH 139.313 million.

Read alsoUkraine's deputy PM says social standards exceed inflation in 2018"The envisaged amount of allocations ensures the payment of pensions, allowances, and bonuses, covering the deficit of the Pension Fund of Ukraine in line with the current legislation," the report says.

The total amount of the revenue part of the Fund's budget is defined in the amount of UAH 353.628 billion, while the total amount of the expenditure part is UAH 345.812 billion.