The scientific summary of monitoring results of expenditure for social protection in the European Union and Ukraine
Keywords:social protection, functions of social protection, social risks
This article deals with the study of expenditure for social protection in the European Union (EU) and Ukraine, which is the criterion characterising the level of public liability for support of a certain standard of living of the poorest social groups. During the study it has been found that social expenditure is meant to be the provision of households and individuals with assistance and other financial resources by public or private institutions for the purposes of their support ensuring and reducing of the risks in certain circumstances, which make their lives worse. The structure of expenditure for social protection has been analysed and grouped by the functions in Ukraine for 2012-2014. It has been determined that the bulk of social benefits is oriented to the people of the retirement age and the healthcare. The analysis of the structure of expenditure for social protection in the EU has shown that the funds allocated to the retirement assistance constitute a significant part of expenditure for social protection in the EU.
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