Publication:
Ukraine Public Investment Management Performance Assessment 2012

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2017-06-02T19:17:20Z
dc.date.available2017-06-02T19:17:20Z
dc.date.issued2013
dc.description.abstractUkraine 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.en
dc.description.sponsorshipSwiss Confederation
dc.identifierhttp://documents.worldbank.org/curated/en/344191468316456596/Ukraine-Public-investment-management-performance-assessment
dc.identifier.doi10.1596/26860
dc.identifier.urihttps://hdl.handle.net/10986/26860
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNTING STANDARDS
dc.subjectACCRUAL ACCOUNTING
dc.subjectAGGREGATE REVENUE
dc.subjectALLOCATION
dc.subjectALLOCATION OF CAPITAL
dc.subjectANNUAL BUDGET
dc.subjectANNUAL BUDGET EXECUTION
dc.subjectANNUAL BUDGET PROCESS
dc.subjectANNUAL BUDGETING
dc.subjectANNUAL BUDGETING PROCESS
dc.subjectANNUAL FINANCIAL STATEMENTS
dc.subjectAPPROPRIATIONS
dc.subjectARREARS
dc.subjectARTICLE
dc.subjectASSET MANAGEMENT
dc.subjectAUDIT SYSTEM
dc.subjectBANKING SECTOR
dc.subjectBENEFIT ANALYSIS
dc.subjectBID
dc.subjectBUDGET ALLOCATION
dc.subjectBUDGET ALLOCATIONS
dc.subjectBUDGET AUTHORITY
dc.subjectBUDGET CIRCULAR
dc.subjectBUDGET CLASSIFICATION
dc.subjectBUDGET CLASSIFICATION SYSTEM
dc.subjectBUDGET CODE
dc.subjectBUDGET COMPREHENSIVENESS
dc.subjectBUDGET CREDIBILITY
dc.subjectBUDGET DOCUMENTATION
dc.subjectBUDGET DOCUMENTS
dc.subjectBUDGET ENTITY
dc.subjectBUDGET EXECUTION REPORTING
dc.subjectBUDGET EXPENDITURE
dc.subjectBUDGET INFORMATION
dc.subjectBUDGET LAW
dc.subjectBUDGET OFFICIALS
dc.subjectBUDGET REPORTING
dc.subjectBUDGET REQUESTS
dc.subjectBUDGET SUBMISSION
dc.subjectBUDGET SUPPORT
dc.subjectBUDGET SYSTEM
dc.subjectBUDGET YEAR
dc.subjectBUDGETARY FUNDS
dc.subjectBUDGETING PROCESS
dc.subjectCAPACITY BUILDING
dc.subjectCAPACITY BUILDING ACTIVITIES
dc.subjectCAPACITY CONSTRAINT
dc.subjectCAPITAL ALLOCATIONS
dc.subjectCAPITAL BUDGET
dc.subjectCAPITAL BUDGETING
dc.subjectCAPITAL EXPENDITURE
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL GRANTS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITAL PROJECTS
dc.subjectCAPITAL SPENDING
dc.subjectCAPITAL TRANSFERS
dc.subjectCASH FLOWS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL GOVERNMENT
dc.subjectCENTRAL GOVERNMENT BUDGET
dc.subjectCENTRAL RESPONSIBILITY
dc.subjectCHECKS
dc.subjectCIVIL SERVICE
dc.subjectCOMPETITIVE PROCUREMENT
dc.subjectCONFEDERATION
dc.subjectCONFLICT OF INTEREST
dc.subjectCONFLICTS OF INTERESTS
dc.subjectCOUNTRY PROCUREMENT
dc.subjectCOUNTRY PROCUREMENT ASSESSMENT
dc.subjectCURRENCY
dc.subjectDISBURSEMENTS
dc.subjectECONOMIC CLASSIFICATION
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INSTABILITY
dc.subjectECONOMIC STABILITY
dc.subjectEX-POST EVALUATION
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE CLASSIFICATION
dc.subjectEXPENDITURE ITEM
dc.subjectEXTERNAL AUDIT
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FUNDING
dc.subjectFINANCES
dc.subjectFINANCIAL ACCOUNTABILITY
dc.subjectFINANCIAL COSTS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL REPORTS
dc.subjectFISCAL DATA
dc.subjectFISCAL ENVELOPE
dc.subjectFISCAL FRAMEWORK
dc.subjectFISCAL IMPACT
dc.subjectFISCAL INFORMATION
dc.subjectFISCAL OPERATIONS
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFISCAL PRESSURES
dc.subjectFISCAL RISKS
dc.subjectFIXED ASSETS
dc.subjectGDP
dc.subjectGOVERNMENT FINANCE
dc.subjectGOVERNMENTAL FISCAL RELATIONS
dc.subjectHUMAN RESOURCE
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINFRASTRUCTURE SECTOR
dc.subjectINTERGOVERNMENTAL FISCAL RELATIONS
dc.subjectINTERNAL AUDIT
dc.subjectINTERNAL AUDIT FINDINGS
dc.subjectINTERNAL AUDIT FUNCTION
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNAL RATE OF RETURN
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL FINANCIAL INSTITUTION
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTING
dc.subjectINVESTMENT ACTIVITIES
dc.subjectINVESTMENT ACTIVITY
dc.subjectINVESTMENT PROJECTS
dc.subjectLEGISLATIVE SCRUTINY
dc.subjectLEVEL OF CONFIDENCE
dc.subjectLOAN
dc.subjectLOCAL BUDGETS
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectMATURITY
dc.subjectMATURITY STRUCTURE
dc.subjectMINISTRY OF ECONOMY
dc.subjectMINISTRY OF FINANCE
dc.subjectMONOPOLY
dc.subjectNATIONAL GOVERNMENT
dc.subjectNATIONAL POLICY
dc.subjectOPERATIONAL COSTS
dc.subjectPERFORMANCE ASSESSMENT
dc.subjectPERFORMANCE AUDITING
dc.subjectPERFORMANCE INDICATOR
dc.subjectPERFORMANCE INDICATORS
dc.subjectPERFORMANCE TARGETS
dc.subjectPIECEMEAL REFORMS
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICIANS
dc.subjectPRIVATE SECTOR
dc.subjectPROCUREMENT PROCESS
dc.subjectPROGRAM CLASSIFICATION
dc.subjectPROGRAM CLASSIFICATIONS
dc.subjectPROGRAMS
dc.subjectPUBLIC ADMINISTRATION
dc.subjectPUBLIC ASSET
dc.subjectPUBLIC CAPITAL
dc.subjectPUBLIC ENTITIES
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE REVIEW
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FINANCIAL MANAGEMENT
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC PROCUREMENT
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR ACCOUNTING
dc.subjectPUBLIC SERVICES
dc.subjectPURCHASING POWER
dc.subjectRE-CAPITALIZATION
dc.subjectREFORM AGENDA
dc.subjectREFORM PROCESS
dc.subjectREFORM PROGRAM
dc.subjectREFORM STRATEGY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY FUNCTION
dc.subjectREPUBLIC
dc.subjectRETURNS
dc.subjectROAD FUND
dc.subjectROAD NETWORK
dc.subjectSERVICE DELIVERY
dc.subjectSERVICE RECIPIENTS
dc.subjectSOCIAL COSTS
dc.subjectSOCIAL FUNDS
dc.subjectSOCIAL INFRASTRUCTURE
dc.subjectSOCIAL INSURANCE
dc.subjectSOCIAL INSURANCE FUNDS
dc.subjectSOCIAL PROJECTS
dc.subjectSOVEREIGN GUARANTEES
dc.subjectSTATE BUDGET
dc.subjectSTATE GUARANTEES
dc.subjectSTATE TAX
dc.subjectSTATE TREASURY
dc.subjectSTOCK OF CAPITAL
dc.subjectSUB-NATIONAL GOVERNMENTS
dc.subjectSUPREME AUDIT INSTITUTION
dc.subjectTARGET SETTING
dc.subjectTAX BURDEN
dc.subjectTAX CODE
dc.subjectTAX RATES
dc.subjectTIGHT FISCAL SITUATION
dc.subjectTOTAL EXPENDITURES
dc.subjectTRANSPARENCY
dc.subjectTREASURY SYSTEM
dc.subjectUNCERTAINTY
dc.subjectYEARLY BUDGET
dc.titleUkraine Public Investment Management Performance Assessment 2012en
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleUkraine Public Investment Management Performance Assessment 2012
okr.date.disclosure2013
okr.date.doiregistration2025-05-07T12:07:36.174014Z
okr.doctypeEconomic & Sector Work::Public Investment Review
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/344191468316456596/Ukraine-Public-investment-management-performance-assessment
okr.guid271141468338061859
okr.guid344191468316456596
okr.identifier.externaldocumentum000442464_20130301123536
okr.identifier.internaldocumentum17398848
okr.identifier.report75681
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/344191468316456596/pdf/756810WP0P12680E0PIM0Assessment0ENG.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryUkraine
okr.sectorPublic Administration, Law, and Justice :: Central government administration
okr.themePublic sector governance :: Public expenditure, financial management and procurement
okr.topicPublic Sector Development::Public Sector Expenditure Policy
okr.topicPublic Sector Development::Public Sector Management and Reform
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicGovernance::National Governance
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
756810WP0P12680E0PIM0Assessment0ENG.pdf
Size:
2.37 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
756810WP0P12680E0PIM0Assessment0ENG.txt
Size:
174.89 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Public Investment Review