Ukraine to cut Pension Fund deficit, improve efficient use of funds in medicine, education by second IMF revision

16:32, 02.06.2015 1 min read

Ukraine plans by the second revision of the International Monetary Fund (IMF) program, expected by autumn, to solve issues related to the Pension Fund deficit, improve the efficient use of funds in medicine and education, and reduce debt burden.

Minister of Finance Natalie Jaresko said this during a lecture at the University of Banking of the National Bank of Ukraine.

"By the second revision of the IMF program, expected in autumn, we plan to make steps in the management of state-owned enterprises, solving the problem of the Pension Fund deficit, improve the quality of services and the efficient use of funds in medicine and education, as well as reduce debt burden," she said.

Jaresko noted that privatization is scheduled for the third and fourth quarters and expressed hope that this process would be fully transparent and open.