REUTERS
The Fund assures pensions in July would be paid in full.
The Pension Fund of Ukraine has explained the July delay in the payment of pensions by gaps in receipts from the single social contribution tax.
"The offset of the schedule for financing payments is due to cash gaps in the receipt of the single social contribution tax. Since the beginning of this month, UAH 24.9 billion [US$936.8 million] has been allocated for pension payments. In particular, UAH 1.7 billion [$64 million] was channeled on July 24," the Fund said in a statement.
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At the same time, the Pension Fund has assured that this month, pension payments will be covered in full.
As UNIAN reported earlier, expenses of Ukraine's Pension Fund in the first half of 2018 grew by 39.9%, or by UAH 49.7 billion, year-over-year, to UAH 174.3 billion ($6.6 billion).
In the first half of the year, the Fund received UAH 167.9 billion ($6.3 billion), including UAH 95.5 billion its own funds.