OREANDA-NEWS. March 27, 2013. The report on fulfillment of the Pension Fund’s budget for the past year was presented to public in Kyiv.

The Pension Fund of Ukraine from all sources of income during 2012 year received UAH 222, 6 billion. Its own income was UAH 158 billion, by 13.6%, or 18, 9 billion more compared to 2011 year.

From the State Budget of Ukraine for funding pension plans during the year was allocated UAH 64.5 billion, including UAH 49.2 billion of subsidies for pensions, allowances and rising to the pension granted under different pension programs, 15.3 billion was the means to cover the deficit of the Pension Fund of Ukraine to pay pensions.

UAH 0.2 billion was received from the funds of mandatory social insurance to fund the related payments.

Loans were allocated from the state budget to the Pension Fund in order to ensure timely and full payment of pensions. Refund of granted loans occurred after payment period within the financial possibilities of the Pension Fund of Ukraine.

Expenditure on pension payments amounted to UAH 233.7 billion, which is UAH 23 billion more compared with 2011 year.

The average size of pension payments as of January 1, 2013 is amounted to UAH 1 470.73, which is UAH 217.45 more then the size of which was formed at the corresponding date of last year.