The increase in pensions did not match the income of the Pension Fund of Ukraine (PFU), which is the main reason why Fund is applying for a loan to the State Treasury more often. This was reported by the head of the State Treasury Tatyana Sliuz.
“Pension fund is 100% subsidized. About UAH 172.5 billion is provided for this year, and last year it was UAH 173.8 billion. This is a subsidy allocated from the state budget, except for loans. Own Fund’s means from a single social contribution are not enough. This is true,” said the country’s chief treasurer.
According to her, the pension reform carried out in October 2017, increase pensions size by 30%, however, the Pension Fund experienced a great shortage of funds, since the growth of the unified social contribution from the salaries of Ukrainians did not ‘keep pace’ with the growth of pensions. This makes PFU to apply for loans to the State Treasury more often in order to close the cash gaps.
Earlier, Tatyana Sliuz said that the state budget for 2020 allocated more money for medicine than last year, but problems with the salaries of doctors arise annually.
As The Journalist reported, Denys Shmygal promises to index pensions by the end of the year.
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