During the first five months of this year, revenues to the Pension Fund of Ukraine amounted to 342.4 billion hryvnias. This is 8.2% or 25.9 billion hryvnias more than in January-May 2023. Despite this, the Pension Fund’s income figures are still lower than planned. The organization did not receive 8.5 billion hryvnias of income from the payment of the EUV tax (unified social contribution).
EUV, which is deducted from the salaries of employed citizens, is the main source of income for the Pension Fund. In particular, it is about the deduction of the social contribution from the salaries of employees of the budget sector and the military. In January-March, due to the delay in financing from Western partners, the receipts from the ESU were significantly lower than planned.
However, the arrival of foreign tranches, as well as an increase in the minimum wage from April 1 and an increase in the average wage by more than 22% led to an increase in the payment of social security payments in April-May. These factors will have a positive impact over the next few months as well. However, the lack of workers (and therefore taxpayers to the Pension Fund) due to migration and mobilization remains a problematic issue.
“Economic reservation of workers remains a significant issue. He has repeatedly expressed his position on this issue, pointing to reservations related to discrimination. However, this does not cancel the need for funding the military, which can only be provided by a truly functioning economy. If we move in the direction of economic reservation, then a mandatory prerequisite for any reservation must be a completely “white” salary in a completely “white” company”, – notes Danilo Getmantsev, head of the parliamentary committee on finance, tax and customs policy.
We will remind you that last week the government made changes to the reservation procedure. From now on, all workers in the energy sector and 100% of workers at enterprises engaged in the construction of fortifications are not subject to military service. 50% of employees of agricultural enterprises are also booked. The term of suspension from service for them was extended from 6 to 12 months.
