Ukraine's Budget Black Hole: Where the Billions Go | FakeOFF

Ukraine spends on pensions roughly what developed EU countries do — around 11% of GDP — yet pays its retirees five to ten times less. This is the central paradox and the principal black hole of Ukrainian public finance. Every year, the Pension Fund absorbs 15.2% of all state budget revenues through direct transfers, while the average pension barely reaches $153 a month — against $465 in Poland and $540 in Romania.
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