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 Minimum pension to rise by 10 percent in December, - Deputy Prime Minister Rozenko

The second 10 percent inсrease in the minimum pension is expected in December.

Deputy Prime Minister of Ukraine Pavlo Rozenko said on air of NewsOne, Censor.NET reports citing Cabinet press service.

"We keep on the track of increasing pensions. This year, on May 1, the minimum pension grew by 6 percent. In December, another 10 percent increase is expected," he said.

Read more: Taxation of pensions cancelled in Ukraine starting July 1, - Vice PM Rozenko

"So, the growth of social standards, in particular pensions, is not as fast as we expect it to be. Increasing pensions depends upon the growth of the Ukrainian economy. Today, even with these small pensions, 145 billion hryvnia (approx. $5.835 billion) are allocated from the State Budget to subsidize the Pension Fund," Rozenko stressed.

"All the additional resources, which will appear as a result of economic growth, will be spent on the strengthening of the country's defense capacity and the growth of social standards, including pensions," the deputy prime minister noted.

Read more: "Ukraine will not finance terrorism and pay pensions to militants who fire at our guys," - Vice Prime Minister Rozenko on social payments at occupied territories
 
 
 
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