Government allocated less money for social payments than last year – analysis
15 April 2024 12:51
Between January and March 2024, UAH 112.7 billion was allocated from the state budget for social payments, including UAH 37.4 billion in March, Komersant ukrainskyi
citing data from the Ministry of Finance.
It should be noted that these figures are UAH 4.6 billion less since the beginning of the year than in the same period last year, and UAH 3.3 billion less in March compared to March this year and last year.
In particular, in January-March 2024, the following was allocated for social payments:
- uAH 66 billion – for pension payments (-UAH 2 billion compared to January-March 2023);
- uAH 21.5 billion – for social protection of citizens in difficult life circumstances (-UAH 4.3 billion);
- uAH 18.7 billion to support low-income families and provide benefits and housing subsidies to citizens;
- uAH 5.9 billion for social protection of children and families;
- uAH 0.6 billion for social protection of people with disabilities.
Last year, in 2023, the figures were as follows:
- uAH 66 billion for pension payments;
- uAH 25.8 billion for social protection of citizens in difficult life circumstances;
- uAH 17.2 billion to support low-income families and provide benefits and housing subsidies to citizens;
- uAH 6 billion for social protection of children and families;
- uAH 0.3 billion for social protection of people with disabilities.
As previously reported by Iryna Vereshchuk, Vice Prime Minister for Reintegration of the Temporarily Occupied Territories of Ukraine, payments to internally displaced persons (IDPs) will be reduced in 2024. This is due to a decrease in budget revenues and the requirements of international partners to verify and optimise payments.
Author: Alyona Kaplina