The Cabinet of Ministers has approved the budget of the Pension Fund of Ukraine for 2018 with governmental grants to cover a UAH 139 billion deficit.
Ukrainian Social Policy Minister Andriy Reva says that the budget of the Pension Fund of Ukraine (PFU) in 2018 will grow by 25%, to UAH 355 billion (US$13.2 billion).
The filling of the Pension Fund's budget in January-October 2017 by 13.9%, or by UAH 15.5 billion, exceeded the target and amounted to UAH 126.9 billion, the press service of the Pension Fund of Ukraine (PFU) reported.
The Pension Fund of Ukraine (PFU) will need an additional UAH 5 billion, or US$188.5 million, for the Ukrainian pension upgrade in October this year, according to the fund's press office referring to PFU Chairman of Board Oleksiy Zarudnyi.