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Pension Fund to have a deficit of UAH 29.596 billion in 2010

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The Cabinet of Ministers of Ukraine is expecting the Pension Fund to have a deficit of UAH 29.596 billion in 2010, although the government is still intending to cancel pension fund contributions on non-cash currency sale and purchase operations.
The corresponding decisions are included in covering documents for the 2010 draft national budget, the text of which has been posted on the parliament's Web site.

According to the document, the total revenues of the Pension Fund (including ending stocks as of the start of the year) are expected at UAH 162.686 billion (in 2009 the figure was UAH 151.92 billion), while total expenses are seen at UAH 192.282 billion (UAH 167.068 billion).
Written by: Publisher Tuesday, 27 April 2010 13:09