Pension Fund deficit not to disappear in next 5 years – Finance Minister

Answering ZN.UA's question whether it will be possible to overcome the Pension Fund deficit in at least five years, Danyliuk said: "We record the PF deficit in absolute figures. Of course, the PF budget will be growing, while the deficit in absolute figures – will not. Therefore, in percentage points, the deficit will be decreasing. One day, perhaps, we will achieve a deficit-free pension system, but this is definitely not the prospect of five years."

Read alsoFinance Minister Danyliuk says Ukraine should manage without IMF in futureThe minister noted that now the government's task today to reduce the Pension Fund deficit to a minimum in order to stabilize the solidarity system. "One day in the future, maybe, it will be deficit-free," added Danyliuk.

As UNIAN reported earlier, it was expected that the Verkhovna Rada would adopt a pension reform within the plenary week September 18-22, which would allow raising pensions to 9 million out of 12 million Ukrainians from October 1, 2017.

Read alsoUkraine cannot stop halfway – Finance MinisterThe IMF said that the adoption of pension reform is critical for the allocation of its next loan tranche to Ukraine. The deficit of the Pension Fund of Ukraine in 2017 amounts to UAH 141.3 billion.