Ukraine Public Investment Management Performance Assessment 2012
Swiss Confederation
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2017
|
| Subjects: | |
| 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 |