IMF Staff Country Reports

Ukraine : Technical Assistance Report-Enhancing the Medium-Term Budget Framework and Preparing Expenditure Baseline

Author/Editor:

International Monetary Fund. Fiscal Affairs Dept.

Publication Date:

November 25, 2019

Electronic Access:

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Summary:

Ukraine has made good progress over the past three years in implementing reforms to strengthen medium-term budget planning and improve the quality of public spending. Following amendments to the Budget Code in late 2018, a medium-term budget framework (MTBF) has been adopted. A Budget Declaration, covering 2020 to 2022 was submitted to Cabinet, outlining medium-term fiscal prospects and expenditure ceilings for key spending units. To strengthen accountability and spending outcomes, multi-year performance targets for programs were included in the Budget Declaration and spending reviews have been initiated in five ministries. Still, there are several technical aspects of MTBF implementation that, if not handled carefully, have the potential to undermine the effectiveness of these important reforms.

Series:

Country Report No. 19/353

Subject:

Budget estimates Budgetary process Fiscal policy Fiscal space Price indexes