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Business and Economics > Budgeting

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Cover IMF Staff Country Reports
Ukraine: Technical Assistance Report-Reforming Management and Oversight of State Assets
International Monetary Fund. Fiscal Affairs Dept.
Reform of the SOE sector is a high priority for the government. The recently published “National Strategy 2020” promises “state property management reform,” and related reforms in areas such as the organization of government agencies, public procurement, competition policy, and corporate regulation. Reform of the SOE sector also features prominently in the government’s 2014 Coalition Agreement. High levels of direct and indirect state support is adding to the significant fiscal risks emanating from SOE sector, a problem that is being exacerbated by the severe economic situation. In addition, weaknesses in the management of the state’s investment portfolio need to be addressed to help to significantly increase the value of the government’s portfolio of state assets. This will only be possible through improved oversight and governance of the SOE sector.
Keywords:
ISCR; CR; holding company; corporate governance; joint stock; State assets
Cover IMF Staff Country Reports
Ukraine: Technical Assistance Report-Public Financial Management Overview
International Monetary Fund. Fiscal Affairs Dept.
This report has been compiled against a backdrop of political uncertainty and heightened security concerns. Public financial management (PFM) reforms may not be to the forefront of government priorities at present but severe budgetary pressures need to be addressed and measures adopted to help implement sustainable fiscal policy. The report focuses on immediate PFM reforms needs that help alleviate immediate budget pressures, and also identifies medium-term reforms to address long-standing weaknesses in PFM systems.
Keywords:
ISCR; CR; State assets; holding company; government resolution; accounts payable; banking arrangement; budget execution; cash flow; liquidity management purpose