In June, the Pension Fund Allocated 92 Billion UAH for Payments

Funding Allocations by Ukraine's Pension Fund in June 2023

According to Пенсії (RSS): During June 2023, Ukraine's Pension Fund disbursed payments covering pensions, subsidies, insurance, and social benefits. Pension payments alone reached 74.5 billion UAH. Additional allocations included:

• 1.3 billion UAH for housing subsidies and benefits;
• 3.4 billion UAH for insurance payouts, of which 2.1 billion UAH went toward sick leave compensation;
• 10.9 billion UAH for social assistance and other payments.

Throughout June, the Pension Fund provided 1,564,100 services to individuals who visited its offices. Funding for July payments is scheduled to begin on July 1.

Importance of Social Sector Funding

These figures highlight the substantial financial resources directed toward Ukraine's social sector, a critical support mechanism for the population amid economic difficulties. Maintaining pension and social payments is essential for ensuring social stability and public welfare.

A key development is the announced start of July payment funding, which will continue to address citizens' social needs.

In light of the significant funding allocated for June, it is important to note that the Pension Fund had previously distributed 62.3 billion UAH for social payments. This earlier allocation underscores the ongoing commitment to support citizens during challenging economic times and highlights the essential role of the Pension Fund in ensuring financial stability for vulnerable populations.