Rozenko estimates shadow wage market at UAH 200 billion

Tuesday, December 23, 2014 - 14:32 (EET) Section: Latest news

Social Policy Minister Pavlo Rozenko says that the shadow wage market is about UAH 200 billion today.
He said in his speech at the Verkhovna Rada Tuesday.
Rozenko also added that next year subsidies to the Pension Fund budget will make up UAH 90 billion. According to him, this amount is necessary for payment of pensions “in misery amounts.”
If the matter concerns an increase of pensions, than, the minister noted, immediately an issue about the Pension Fund deficit arises, which grew over recent years. “This is a range of problems, which continues from one year to the next,” Rozenko said.