Another 5,6 billion will be sent to the Pension Fund deficit covering

The Cabinet of Ministers of Ukraine (CMU) increased the pension payments funding from the state budget in 2012 by 57.9%, or 5.619 billion hryvnia, – to 15.324 billion hryvnia. This information was given in the Cabinet of Ministers resolution № 576 from 25 June.

‘In the part’ the Pension Fund of Ukraine deficit covering for the pensions’ payment at the expense of the state budget of Ukraine ‘numbers’ 9705030.3 (thousand) to replace with the 15323930.3 (thousand), – was stated in the document, the text of which is placed on government website.

At the same time the total expenditure of the Pension Fund was increased by 4.1% or 9.06 billion hryvnia, – to 228.764 billion hryvnia.

The planned deficit of Pension Fund is 9.7 billion in 2012, and it is necessary 7.7 billion hryvnia to carry out the President of Ukraine Viktor Yanukovych instructions on the pensions’ recalculation from May 1.

We remind that the Pension Fund deficit amounted 30.1 billion hryvnia in 2011, from which 17.7 billion hryvnia were covered with the state budget funds and 12.4 billion hryvnia with borrowed funds.


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