14:01 11.01.2018

Cabinet endorses Pension Fund budget for 2018 with UAH 139.3 bln deficit

Cabinet endorses Pension Fund budget for 2018 with UAH 139.3 bln deficit

Ukraine's Cabinet of Ministers has endorsed the budget of the Pension Fund for 2018 with a deficit of UAH 139.3 billion.

The decision was passed at a government meeting on Thursday, an Interfax-Ukraine correspondent reported.

The Fund's revenue, taking into account subsidies from the national budget, is set at UAH 353.629 billion and spending at UAH 345.812 billion.

The balance of funds at the end of the year is projected at UAH 7.817 billion.

Budget funds to finance the payment of pensions, allowances and increases to pensions under pension programs and the Pension Fund's deficit will total UAH 139.313 billion.

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