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Pension fund expenditures to hit 16.5% of GDP, says IMF chief
Journal Staff Report

KIEV, May 12 – Pension Fund expenditures will increase from 15 to 16.5 percent of GDP in Ukraine in 2009, among the highest in the world, according to the head of the IMF mission, Ceyla Pazarbasioglu.

"The Pension Fund revenues will finance about 11 percent of expenditures this year, with the remaining deficit (5.5 percent of GDP) provided as budget support," the head of the IMF mission said in comments posted on the IMF's Web site.




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