Ukraine will not be able to pay large pensions while 50% of working citizens do not pay taxes – Rozenko

Ukraine will not be able to pay large pensions while 50% of working citizens do not pay taxes – Rozenko

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Ukrinform
Vice Prime Minister of Ukraine Pavlo Rozenko states that Ukraine will not be able to become rich and pay large pensions, while 50% of working citizens do not pay taxes.

He said this to reporters after a Cabinet’s meeting on Wednesday, an Ukrinform correspondent reports.

"Today, the pension system cannot ensure in full the rights of Ukrainians. This system cannot develop without additional resources. Ukraine will never be able to pay large pensions, and Ukraine will not become a rich country, while 50% of working citizens do not pay taxes or pay them not in full," the deputy PM said.

Rozenko has added that it is also necessary to restore order in this system. According to him, it is necessary to find a normal and appropriate response to current challenges – to launch financial defined contributions.

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