The budget of the Fund of compulsory state social insurance created by the reorganization of funds of social insurance from accidents on production and on temporary disability, in 2016 will amount to UAH 17.1 billion. As the press service of the government, of this amount, UAH 15.1 billion will go to pay social assistance.

This year, revenues at the expense of the single social contribution of citizens will be 16.2 billion UAH, said the Cabinet.

Expenses of the Fund will amount to UAH 16.9 bn. The funds will be used to pay financial security, social services, and conduct other activities stipulated by the law of Ukraine “On compulsory state social insurance”, – says the message.

Earlier, the Minister of social policy Andrei Reva said that the Cabinet of Ministers approved the budget of Fund of social insurance in 2016 without the deficit.

The budget of the social insurance Fund will amount to 17 billion UAH 25.08.2016

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