Minister of Social Policy Maryna Lazebna said the Pension Fund in 2020 fell short of UAH 4 billion ($143 million) as a result of quarantine benefits for individual entrepreneurs, in particular, a new social assistance program for their children.
In addition, the government exempted entrepreneurs of 1 and 2 categories and other self-employed from paying the single social security tax, while non-payment periods were credited to their insurance record.
“We deliberately got into it, knowing that we would fall short of funds in the Pension Fund’s budget. The cost of the issue is about UAH 4 billion, but this wasn’t the main thing,” Lazebna said. (UNIAN/Business World Magazine)
