Revenues of the Pension Fund have doubled – Reva

Поступления Пенсионного фонда выросли вдвое - Рева

The Pension Fund deficit is liquidated not earlier than in seven years

In 2016 the income of the Pension Fund of Ukraine increased from 112 to 230 billion.

For EIF year subsidies to the Pension Fund from the state budget over three years has increased by 22 billion hryvnia, and the own receipts have doubled. This was stated by Minister of social policy Andrei Reva during the hour of questions to the government in the Verkhovna Rada on Friday, March 15.

“As for the deficit of the Pension Fund, in 2016, own revenues of the Pension Fund was $ 112 billion, and the subsidy from the state budget – UAH 145 billion. It’s been three years, subsidies to the Pension Fund increased by 22 billion UAH: with 145 billion to 167 billion. Own revenues of the Pension Fund with 112 billion to 230 billion this year. More than twice,” said Reva.

He also said that during the year the number of taxpayers in Ukraine increased by 438 thousand people.

The Cabinet forecast that the Pension Fund deficit will persist for at least seven years.

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