The Cabinet of Ministers of Ukraine has approved a balanced budget of the Social Insurance Fund of Ukraine for 2016 by its decree.

The document foresees that income of the Fund will be UAH 17 105 703 thousands, of them the insurance premiums - UAH 16 165 772, 0 thousands, expenses of the Fund – UAH 16 886 786 thousands of them benefits – UAH 15 080 583,0 thousands in 2016 (together with the balance at the beginning of year).

These savings of the Fund will be used to pay for material security, social services, and to conduct other activities stipulated by the Law of Ukraine "On obligatory state social insurance".