You're reading: Deficit of Ukraine’s Pension fund totals Hr 5.5 billion

The Pension Fund of Ukraine in January-June 2012 tentatively obtained Hr 106.26 billion from all sources of financing, which is 8.7 billion or 8.9% up year-over-year, reads a report of the fund issued on July 9.

The report says that its own expenses for H1, 2012 grew by 9.84 billion or 14.9%, to Hr 75.856 billion.

The fund’s expenses still exceed revenues: in H1, 2012 they came to Hr 111.8 billion (no comparison data for expenses).

As reported, the government in a resolution of June 25, 2012,
increased the financing of pensions from the national budget in 2012 by
57.9% or by Hr 5.62 billion, to Hr 15.32 billion. General expenses
grew by 4.1% or Hr 9.06 billion, to Hr 228.764 billion.

In January-May 2012, the fund obtained Hr 86.21 billion from all
sources of financing, a rise of 7.9% year-over-year. The fund’s own
income over the first five months of 2012 came to UAH 61.48 billion, a
rise of 15.6% year-over-year.

As of May 1, 2012, the number of pensioners of all categories in Ukraine was 13.698 million.