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The deficit of the Pension Fund of Ukraine (PFU) in January-March 2021 amounted to UAH 7.5 billion, orUS$270 million its press service reports.
According to data released on the PFU website, revenues for the reporting period amounted to UAH 116.6 billion ($4.19 billion) and expenses – at UAH 124.1 billion ($4.46 billion).
PFU receipts in February amounted to UAH 40.1 billion ($1.44 billion), of which UAH 26.2 billion ($942 million) were own revenues, while UAH 13.9 billion ($500 million) came from the state budget.
Read also Pension Fund raises retirement age for women in Ukraine from April 1 At the same time, the report says, receipts from the unified social contribution tax in March amounted to UAH 23.3 billion ($837 million) against the target UAH 24 billion ($863 million), while in the first quarter the figure amounted to UAH 66.2 billion ($2.38 billion), which is UAH 3.3 billion below the target.
Pension Fund deficit in 2020 amounted to UAH 13.2 billion ($474 million).
Translation: Yevgeny Matyushenko