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You're reading: Ukraine spends 12% of GDP on pensions; this has to end
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Ukraine’s pension system has long been a fiscal time bomb threatening the country.

And recently, the ticking got louder.

Today, the ratio of Ukrainian workers to pensioners is roughly 1:1, compared to typical ratios of at least 3:1 in Western economies. And in Ukraine the ratio is continuing to worsen due to low birth rates and migration.

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