Ukraine Public Investment Management Performance Assessment 2012

Swiss Confederation

Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
en_US
Published: Washington, DC 2017
Subjects:
BID
GDP
Online Access:http://documents.worldbank.org/curated/en/344191468316456596/Ukraine-Public-investment-management-performance-assessment
http://hdl.handle.net/10986/26860
id okr-10986-26860
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCOUNTING STANDARDS
ACCRUAL ACCOUNTING
AGGREGATE REVENUE
ALLOCATION
ALLOCATION OF CAPITAL
ANNUAL BUDGET
ANNUAL BUDGET EXECUTION
ANNUAL BUDGET PROCESS
ANNUAL BUDGETING
ANNUAL BUDGETING PROCESS
ANNUAL FINANCIAL STATEMENTS
APPROPRIATIONS
ARREARS
ARTICLE
ASSET MANAGEMENT
AUDIT SYSTEM
BANKING SECTOR
BENEFIT ANALYSIS
BID
BUDGET ALLOCATION
BUDGET ALLOCATIONS
BUDGET AUTHORITY
BUDGET CIRCULAR
BUDGET CLASSIFICATION
BUDGET CLASSIFICATION SYSTEM
BUDGET CODE
BUDGET COMPREHENSIVENESS
BUDGET CREDIBILITY
BUDGET DOCUMENTATION
BUDGET DOCUMENTS
BUDGET ENTITY
BUDGET EXECUTION REPORTING
BUDGET EXPENDITURE
BUDGET INFORMATION
BUDGET LAW
BUDGET OFFICIALS
BUDGET REPORTING
BUDGET REQUESTS
BUDGET SUBMISSION
BUDGET SUPPORT
BUDGET SYSTEM
BUDGET YEAR
BUDGETARY FUNDS
BUDGETING PROCESS
CAPACITY BUILDING
CAPACITY BUILDING ACTIVITIES
CAPACITY CONSTRAINT
CAPITAL ALLOCATIONS
CAPITAL BUDGET
CAPITAL BUDGETING
CAPITAL EXPENDITURE
CAPITAL EXPENDITURES
CAPITAL GRANTS
CAPITAL INVESTMENT
CAPITAL INVESTMENTS
CAPITAL PROJECTS
CAPITAL SPENDING
CAPITAL TRANSFERS
CASH FLOWS
CENTRAL BANK
CENTRAL GOVERNMENT
CENTRAL GOVERNMENT BUDGET
CENTRAL RESPONSIBILITY
CHECKS
CIVIL SERVICE
COMPETITIVE PROCUREMENT
CONFEDERATION
CONFLICT OF INTEREST
CONFLICTS OF INTERESTS
COUNTRY PROCUREMENT
COUNTRY PROCUREMENT ASSESSMENT
CURRENCY
DISBURSEMENTS
ECONOMIC CLASSIFICATION
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC INSTABILITY
ECONOMIC STABILITY
EX-POST EVALUATION
EXCHANGE RATE
EXPENDITURE CLASSIFICATION
EXPENDITURE ITEM
EXTERNAL AUDIT
EXTERNAL DEBT
EXTERNAL FUNDING
FINANCES
FINANCIAL ACCOUNTABILITY
FINANCIAL COSTS
FINANCIAL CRISIS
FINANCIAL REPORTS
FISCAL DATA
FISCAL ENVELOPE
FISCAL FRAMEWORK
FISCAL IMPACT
FISCAL INFORMATION
FISCAL OPERATIONS
FISCAL POLICIES
FISCAL POLICY
FISCAL PRESSURES
FISCAL RISKS
FIXED ASSETS
GDP
GOVERNMENT FINANCE
GOVERNMENTAL FISCAL RELATIONS
HUMAN RESOURCE
INFLATIONARY PRESSURES
INFRASTRUCTURE INVESTMENT
INFRASTRUCTURE PROJECTS
INFRASTRUCTURE SECTOR
INTERGOVERNMENTAL FISCAL RELATIONS
INTERNAL AUDIT
INTERNAL AUDIT FINDINGS
INTERNAL AUDIT FUNCTION
INTERNAL CONTROLS
INTERNAL RATE OF RETURN
INTERNATIONAL BANK
INTERNATIONAL FINANCIAL INSTITUTION
INTERNATIONAL STANDARDS
INVESTING
INVESTMENT ACTIVITIES
INVESTMENT ACTIVITY
INVESTMENT PROJECTS
LEGISLATIVE SCRUTINY
LEVEL OF CONFIDENCE
LOAN
LOCAL BUDGETS
LOCAL GOVERNMENT
LOCAL GOVERNMENTS
MATURITY
MATURITY STRUCTURE
MINISTRY OF ECONOMY
MINISTRY OF FINANCE
MONOPOLY
NATIONAL GOVERNMENT
NATIONAL POLICY
OPERATIONAL COSTS
PERFORMANCE ASSESSMENT
PERFORMANCE AUDITING
PERFORMANCE INDICATOR
PERFORMANCE INDICATORS
PERFORMANCE TARGETS
PIECEMEAL REFORMS
POLITICAL ECONOMY
POLITICIANS
PRIVATE SECTOR
PROCUREMENT PROCESS
PROGRAM CLASSIFICATION
PROGRAM CLASSIFICATIONS
PROGRAMS
PUBLIC ADMINISTRATION
PUBLIC ASSET
PUBLIC CAPITAL
PUBLIC ENTITIES
PUBLIC EXPENDITURE
PUBLIC EXPENDITURE REVIEW
PUBLIC FINANCE
PUBLIC FINANCIAL MANAGEMENT
PUBLIC INFRASTRUCTURE
PUBLIC INVESTMENT
PUBLIC INVESTMENTS
PUBLIC PROCUREMENT
PUBLIC SECTOR
PUBLIC SECTOR ACCOUNTING
PUBLIC SERVICES
PURCHASING POWER
RE-CAPITALIZATION
REFORM AGENDA
REFORM PROCESS
REFORM PROGRAM
REFORM STRATEGY
REGULATORY FRAMEWORK
REGULATORY FUNCTION
REPUBLIC
RETURNS
ROAD FUND
ROAD NETWORK
SERVICE DELIVERY
SERVICE RECIPIENTS
SOCIAL COSTS
SOCIAL FUNDS
SOCIAL INFRASTRUCTURE
SOCIAL INSURANCE
SOCIAL INSURANCE FUNDS
SOCIAL PROJECTS
SOVEREIGN GUARANTEES
STATE BUDGET
STATE GUARANTEES
STATE TAX
STATE TREASURY
STOCK OF CAPITAL
SUB-NATIONAL GOVERNMENTS
SUPREME AUDIT INSTITUTION
TARGET SETTING
TAX BURDEN
TAX CODE
TAX RATES
TIGHT FISCAL SITUATION
TOTAL EXPENDITURES
TRANSPARENCY
TREASURY SYSTEM
UNCERTAINTY
YEARLY BUDGET
spellingShingle ACCOUNTING STANDARDS
ACCRUAL ACCOUNTING
AGGREGATE REVENUE
ALLOCATION
ALLOCATION OF CAPITAL
ANNUAL BUDGET
ANNUAL BUDGET EXECUTION
ANNUAL BUDGET PROCESS
ANNUAL BUDGETING
ANNUAL BUDGETING PROCESS
ANNUAL FINANCIAL STATEMENTS
APPROPRIATIONS
ARREARS
ARTICLE
ASSET MANAGEMENT
AUDIT SYSTEM
BANKING SECTOR
BENEFIT ANALYSIS
BID
BUDGET ALLOCATION
BUDGET ALLOCATIONS
BUDGET AUTHORITY
BUDGET CIRCULAR
BUDGET CLASSIFICATION
BUDGET CLASSIFICATION SYSTEM
BUDGET CODE
BUDGET COMPREHENSIVENESS
BUDGET CREDIBILITY
BUDGET DOCUMENTATION
BUDGET DOCUMENTS
BUDGET ENTITY
BUDGET EXECUTION REPORTING
BUDGET EXPENDITURE
BUDGET INFORMATION
BUDGET LAW
BUDGET OFFICIALS
BUDGET REPORTING
BUDGET REQUESTS
BUDGET SUBMISSION
BUDGET SUPPORT
BUDGET SYSTEM
BUDGET YEAR
BUDGETARY FUNDS
BUDGETING PROCESS
CAPACITY BUILDING
CAPACITY BUILDING ACTIVITIES
CAPACITY CONSTRAINT
CAPITAL ALLOCATIONS
CAPITAL BUDGET
CAPITAL BUDGETING
CAPITAL EXPENDITURE
CAPITAL EXPENDITURES
CAPITAL GRANTS
CAPITAL INVESTMENT
CAPITAL INVESTMENTS
CAPITAL PROJECTS
CAPITAL SPENDING
CAPITAL TRANSFERS
CASH FLOWS
CENTRAL BANK
CENTRAL GOVERNMENT
CENTRAL GOVERNMENT BUDGET
CENTRAL RESPONSIBILITY
CHECKS
CIVIL SERVICE
COMPETITIVE PROCUREMENT
CONFEDERATION
CONFLICT OF INTEREST
CONFLICTS OF INTERESTS
COUNTRY PROCUREMENT
COUNTRY PROCUREMENT ASSESSMENT
CURRENCY
DISBURSEMENTS
ECONOMIC CLASSIFICATION
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC INSTABILITY
ECONOMIC STABILITY
EX-POST EVALUATION
EXCHANGE RATE
EXPENDITURE CLASSIFICATION
EXPENDITURE ITEM
EXTERNAL AUDIT
EXTERNAL DEBT
EXTERNAL FUNDING
FINANCES
FINANCIAL ACCOUNTABILITY
FINANCIAL COSTS
FINANCIAL CRISIS
FINANCIAL REPORTS
FISCAL DATA
FISCAL ENVELOPE
FISCAL FRAMEWORK
FISCAL IMPACT
FISCAL INFORMATION
FISCAL OPERATIONS
FISCAL POLICIES
FISCAL POLICY
FISCAL PRESSURES
FISCAL RISKS
FIXED ASSETS
GDP
GOVERNMENT FINANCE
GOVERNMENTAL FISCAL RELATIONS
HUMAN RESOURCE
INFLATIONARY PRESSURES
INFRASTRUCTURE INVESTMENT
INFRASTRUCTURE PROJECTS
INFRASTRUCTURE SECTOR
INTERGOVERNMENTAL FISCAL RELATIONS
INTERNAL AUDIT
INTERNAL AUDIT FINDINGS
INTERNAL AUDIT FUNCTION
INTERNAL CONTROLS
INTERNAL RATE OF RETURN
INTERNATIONAL BANK
INTERNATIONAL FINANCIAL INSTITUTION
INTERNATIONAL STANDARDS
INVESTING
INVESTMENT ACTIVITIES
INVESTMENT ACTIVITY
INVESTMENT PROJECTS
LEGISLATIVE SCRUTINY
LEVEL OF CONFIDENCE
LOAN
LOCAL BUDGETS
LOCAL GOVERNMENT
LOCAL GOVERNMENTS
MATURITY
MATURITY STRUCTURE
MINISTRY OF ECONOMY
MINISTRY OF FINANCE
MONOPOLY
NATIONAL GOVERNMENT
NATIONAL POLICY
OPERATIONAL COSTS
PERFORMANCE ASSESSMENT
PERFORMANCE AUDITING
PERFORMANCE INDICATOR
PERFORMANCE INDICATORS
PERFORMANCE TARGETS
PIECEMEAL REFORMS
POLITICAL ECONOMY
POLITICIANS
PRIVATE SECTOR
PROCUREMENT PROCESS
PROGRAM CLASSIFICATION
PROGRAM CLASSIFICATIONS
PROGRAMS
PUBLIC ADMINISTRATION
PUBLIC ASSET
PUBLIC CAPITAL
PUBLIC ENTITIES
PUBLIC EXPENDITURE
PUBLIC EXPENDITURE REVIEW
PUBLIC FINANCE
PUBLIC FINANCIAL MANAGEMENT
PUBLIC INFRASTRUCTURE
PUBLIC INVESTMENT
PUBLIC INVESTMENTS
PUBLIC PROCUREMENT
PUBLIC SECTOR
PUBLIC SECTOR ACCOUNTING
PUBLIC SERVICES
PURCHASING POWER
RE-CAPITALIZATION
REFORM AGENDA
REFORM PROCESS
REFORM PROGRAM
REFORM STRATEGY
REGULATORY FRAMEWORK
REGULATORY FUNCTION
REPUBLIC
RETURNS
ROAD FUND
ROAD NETWORK
SERVICE DELIVERY
SERVICE RECIPIENTS
SOCIAL COSTS
SOCIAL FUNDS
SOCIAL INFRASTRUCTURE
SOCIAL INSURANCE
SOCIAL INSURANCE FUNDS
SOCIAL PROJECTS
SOVEREIGN GUARANTEES
STATE BUDGET
STATE GUARANTEES
STATE TAX
STATE TREASURY
STOCK OF CAPITAL
SUB-NATIONAL GOVERNMENTS
SUPREME AUDIT INSTITUTION
TARGET SETTING
TAX BURDEN
TAX CODE
TAX RATES
TIGHT FISCAL SITUATION
TOTAL EXPENDITURES
TRANSPARENCY
TREASURY SYSTEM
UNCERTAINTY
YEARLY BUDGET
World Bank
Ukraine Public Investment Management Performance Assessment 2012
geographic_facet Europe and Central Asia
Ukraine
description Swiss Confederation
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Ukraine Public Investment Management Performance Assessment 2012
title_short Ukraine Public Investment Management Performance Assessment 2012
title_full Ukraine Public Investment Management Performance Assessment 2012
title_fullStr Ukraine Public Investment Management Performance Assessment 2012
title_full_unstemmed Ukraine Public Investment Management Performance Assessment 2012
title_sort ukraine public investment management performance assessment 2012
publisher Washington, DC
publishDate 2017
url http://documents.worldbank.org/curated/en/344191468316456596/Ukraine-Public-investment-management-performance-assessment
http://hdl.handle.net/10986/26860
_version_ 1764462917326995456
spelling okr-10986-268602021-04-23T14:04:38Z Ukraine Public Investment Management Performance Assessment 2012 World Bank ACCOUNTING STANDARDS ACCRUAL ACCOUNTING AGGREGATE REVENUE ALLOCATION ALLOCATION OF CAPITAL ANNUAL BUDGET ANNUAL BUDGET EXECUTION ANNUAL BUDGET PROCESS ANNUAL BUDGETING ANNUAL BUDGETING PROCESS ANNUAL FINANCIAL STATEMENTS APPROPRIATIONS ARREARS ARTICLE ASSET MANAGEMENT AUDIT SYSTEM BANKING SECTOR BENEFIT ANALYSIS BID BUDGET ALLOCATION BUDGET ALLOCATIONS BUDGET AUTHORITY BUDGET CIRCULAR BUDGET CLASSIFICATION BUDGET CLASSIFICATION SYSTEM BUDGET CODE BUDGET COMPREHENSIVENESS BUDGET CREDIBILITY BUDGET DOCUMENTATION BUDGET DOCUMENTS BUDGET ENTITY BUDGET EXECUTION REPORTING BUDGET EXPENDITURE BUDGET INFORMATION BUDGET LAW BUDGET OFFICIALS BUDGET REPORTING BUDGET REQUESTS BUDGET SUBMISSION BUDGET SUPPORT BUDGET SYSTEM BUDGET YEAR BUDGETARY FUNDS BUDGETING PROCESS CAPACITY BUILDING CAPACITY BUILDING ACTIVITIES CAPACITY CONSTRAINT CAPITAL ALLOCATIONS CAPITAL BUDGET CAPITAL BUDGETING CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL GRANTS CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL PROJECTS CAPITAL SPENDING CAPITAL TRANSFERS CASH FLOWS CENTRAL BANK CENTRAL GOVERNMENT CENTRAL GOVERNMENT BUDGET CENTRAL RESPONSIBILITY CHECKS CIVIL SERVICE COMPETITIVE PROCUREMENT CONFEDERATION CONFLICT OF INTEREST CONFLICTS OF INTERESTS COUNTRY PROCUREMENT COUNTRY PROCUREMENT ASSESSMENT CURRENCY DISBURSEMENTS ECONOMIC CLASSIFICATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INSTABILITY ECONOMIC STABILITY EX-POST EVALUATION EXCHANGE RATE EXPENDITURE CLASSIFICATION EXPENDITURE ITEM EXTERNAL AUDIT EXTERNAL DEBT EXTERNAL FUNDING FINANCES FINANCIAL ACCOUNTABILITY FINANCIAL COSTS FINANCIAL CRISIS FINANCIAL REPORTS FISCAL DATA FISCAL ENVELOPE FISCAL FRAMEWORK FISCAL IMPACT FISCAL INFORMATION FISCAL OPERATIONS FISCAL POLICIES FISCAL POLICY FISCAL PRESSURES FISCAL RISKS FIXED ASSETS GDP GOVERNMENT FINANCE GOVERNMENTAL FISCAL RELATIONS HUMAN RESOURCE INFLATIONARY PRESSURES INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INFRASTRUCTURE SECTOR INTERGOVERNMENTAL FISCAL RELATIONS INTERNAL AUDIT INTERNAL AUDIT FINDINGS INTERNAL AUDIT FUNCTION INTERNAL CONTROLS INTERNAL RATE OF RETURN INTERNATIONAL BANK INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL STANDARDS INVESTING INVESTMENT ACTIVITIES INVESTMENT ACTIVITY INVESTMENT PROJECTS LEGISLATIVE SCRUTINY LEVEL OF CONFIDENCE LOAN LOCAL BUDGETS LOCAL GOVERNMENT LOCAL GOVERNMENTS MATURITY MATURITY STRUCTURE MINISTRY OF ECONOMY MINISTRY OF FINANCE MONOPOLY NATIONAL GOVERNMENT NATIONAL POLICY OPERATIONAL COSTS PERFORMANCE ASSESSMENT PERFORMANCE AUDITING PERFORMANCE INDICATOR PERFORMANCE INDICATORS PERFORMANCE TARGETS PIECEMEAL REFORMS POLITICAL ECONOMY POLITICIANS PRIVATE SECTOR PROCUREMENT PROCESS PROGRAM CLASSIFICATION PROGRAM CLASSIFICATIONS PROGRAMS PUBLIC ADMINISTRATION PUBLIC ASSET PUBLIC CAPITAL PUBLIC ENTITIES PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC FINANCE PUBLIC FINANCIAL MANAGEMENT PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SERVICES PURCHASING POWER RE-CAPITALIZATION REFORM AGENDA REFORM PROCESS REFORM PROGRAM REFORM STRATEGY REGULATORY FRAMEWORK REGULATORY FUNCTION REPUBLIC RETURNS ROAD FUND ROAD NETWORK SERVICE DELIVERY SERVICE RECIPIENTS SOCIAL COSTS SOCIAL FUNDS SOCIAL INFRASTRUCTURE SOCIAL INSURANCE SOCIAL INSURANCE FUNDS SOCIAL PROJECTS SOVEREIGN GUARANTEES STATE BUDGET STATE GUARANTEES STATE TAX STATE TREASURY STOCK OF CAPITAL SUB-NATIONAL GOVERNMENTS SUPREME AUDIT INSTITUTION TARGET SETTING TAX BURDEN TAX CODE TAX RATES TIGHT FISCAL SITUATION TOTAL EXPENDITURES TRANSPARENCY TREASURY SYSTEM UNCERTAINTY YEARLY BUDGET Swiss Confederation Ukraine has extensive public infrastructure inherited from the Soviet times but much of it has fallen into disrepair over the past decades and needs major rehabilitation or replacement so that growth may continue. Creating fiscal space for investing more is one of the critical tasks that facing the country, but a constrained fiscal space together with the use of investments as a stimulus for growth call for more efficiency in public investment management practices. There are a number of fundamental issues that need to be addressed if Ukraine is to make progress in its reform ambitions for public investment management (PIM). The most significant are: (1) most projects avoid scrutiny due to loopholes in classification (lack of definition of a public investment project); (2) there is no effective economic appraisal and appraisal review procedures in place due to limited human resource (HR) capacity, and no common technical standards; (3) the PIM system does not seem to block new projects from entering the budget but allows ministries to delay ongoing ones and squeeze in new ones; and (4) lack of strategic guidance with which to prioritize complicates project selection. One of the fundamental building blocks of a sound PIM system is a clear, legal definition of what counts as a public investment project and what does not. It should be pointed out that this already high discrepancy is only a comparative measure of input values. Developing projects that are output and performance driven should yield even greater efficiencies. Between 2000 and 2008, Ukraine was an average growth performer in a fast growing region, with gross domestic product (GDP) growth averaging 7 percent. As the global financial crisis hit the Ukrainian economy it contracted by 15 percent in 2009, exposing its underlying macroeconomic and structural vulnerabilities. As a result of the insufficient structural transformation and impact of the economic crisis, Ukraine now faces substantial fiscal pressures that threaten economic stability and growth. The Government of Ukraine recognized the need for a modern public financial management (PFM) system and put considerable emphasis on several aspects of PFM reforms. Training for the development of capacity in the PIM system is tricky in Ukraine. It is becoming clear that due to the dynamic nature of the Ukrainian civil service, officials are rapidly moving from one area of the Administration to another. 2017-06-02T19:17:20Z 2017-06-02T19:17:20Z 2013 Report http://documents.worldbank.org/curated/en/344191468316456596/Ukraine-Public-investment-management-performance-assessment http://hdl.handle.net/10986/26860 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Public Investment Review Economic & Sector Work Europe and Central Asia Ukraine