Deficit of Ukraine's Pension Fund in 2019 estimated at about US$1.14 bln

The Fund spent almost US$5.2 billion on payment of pensions in the first four months of 2019.

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The deficit of Ukraine's Pension Fund in 2019 is estimated at about UAH 30 billion, or US$1.14 billion.

"The Pension Fund's deficit in recent years has shown a downward trend. This year we've got the Pension Fund with about a UAH 30 billion deficit. This indicator shows that the pension security system is getting more stable," he said.

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The Pension Fund's revenue in 2019 is estimated at UAH 408 billion, or US$15.5 billion.

In January-April 2019, the Pension Fund's channeled UAH 134 billion, or US$5.19 billion, into payment of pensions and UAH 8.4 billion, or US$0.32 billion, into subsidies.

As UNIAN reported earlier, the Cabinet of Ministers approved the Pension Fund's budget for 2019, including subsidies for coverage of its deficit, at UAH 167 billion, or US$6.34 billion.

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