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Raising pensions up to 3 thousand UAH is now impossible - Groysman

  • Raising pensions up to 3 thousand UAH is now impossible - Groysman

Kyiv: The minimum pension of 3 or 5 thousand UAH in Ukraine at the moment is impossible. This was said by Prime Minister Vladimir Groysman during the "Hour of questions to the government" on May 19th.

"I also want that the minimum pension in the country to be 3 thousand or 5 thousand UAH, but then the deficit of the Pension Fund will grow. If it is 140 billion, multiply it by 3, and you will see that it will be more than 400 billion Deficit, which is 40-50% of our country's budget, which is impossible today, the economy cannot afford it, "the premier said.

Previously, Groysman stated that the situation in the pension system is close to catastrophic, and inaction will lead to deterioration.

On Wednesday, May 17th, the Cabinet of Ministers approved a bill on pension reform and sent it to the Reform Council.


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