Ukraine will see a pension increase next year, but it will be insignificant. This was stated by the head of the Ministry of Social Policy Oksana Zholnovych in an interview with LIGA.net, Komersant ukrainskyi
reports
The increase will be made at the expense of insurance contributions to the Pension Fund, which are directed from the Single Social Contribution (SSC).
Zholnovych stressed that the indexation and recalculation of pensions based on points will provide a certain increase for all pensioners.
At the same time, she noted that the bulk of the state budget is spent on defence, and social spending depends on the Pension Fund’s revenues, not the general budget.
“So we still hope for an increase. It won’t be significant, but at least indexation and conversion into points for the next year should give all our pensioners an increase in their pensions,”
– Zholnovych says.
According to the official, each social programme of the Ministry of Social Policy is subject to strict regulation and audits by international auditors to ensure transparency of the use of funds. These audits are necessary to substantiate the economic effect and confirm the need for financial support from international donors, including the US government.