According to the Ministry of Social Policy of Ukraine, 25% of the population is officially employed, while 27% of Ukrainian citizens receive pensions. Over the course of last year a monthly pension increased by 16.5% and has averaged 3,830 grivnas in this cash-strapped East European country as of January 1.
Natalya Nenyuchenko, Deputy Minister of Social Policy, said pension spending accounted for 11% of GDP last year. In 2020 it is expected to make up 9.8% of GDP.
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