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Deficit of Pension Fund of Ukraine up by Hr 1.42 billion in August

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Sept. 11, 2012, 2:45 p.m. | Ukraine — by Interfax-Ukraine

The deficit of the Pension Fund of Ukraine in January-August 2012 was around Hr 8 billion, growing by Hr 1.42 billion in August, while in July the growth was Hr 1.04 billion, reads a report of the fund issued on September 10, 2012.
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The deficit of the Pension Fund of Ukraine in January-August 2012 was around Hr 8 billion, growing by Hr 1.42 billion in August, while in July the growth was Hr 1.04 billion, reads a report of the fund issued on September 10, 2012.

The report says that in the eight months ending August 31, 2012, the fund obtained Hr 143.99 billion from all sources, or 10.4% up year-over-year.

Its own revenues grew by 14.8%, to Hr 102.22 billion, the fund said.

Expenses on the payment of pensions and aid in January-August 2012 came to Hr 151.99 billion, a rise of 8% year-over-year.

As reported, the government in a resolution of June 25, 2012 increased the financing of pensions using budget funds in 2012 by 57.9%, or by Hr 5.62 billion, to Hr 15.32 billion. Total expenses were increased by 4.1%, or by Hr 9.06 billion, to Hr 228.764 billion.

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

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