Today, the Government has decided to review budget expenses in selected areas.
What’s it about?
Expenses review is a modern tool for budget analysis and budget funds management.
The expenses review is implemented as part of the budget reform stipulated in the Strategy for the reform of public finance management for 2017-2020.
The project for the implementation of this tool includes the following:
• Dedicated working groups shall analyze the state policy in selected areas;
• Assessment of the effectiveness and expediency of the expenses;
• Alignment of strategic and program documents covering the respective area.
Also, as part of this tool, the procedure for the sectorial expenses review shall be adopted for five pilot ministries – Ministry for Science and Education, Ministry for Agrarian Policy, Ministry for Social Policy, Ministry for Infrastructure, Ministry for Regional Development. Also, the composition of the respective working groups shall be preliminarily determined.
The working groups shall consist of specialists in the respective sectors as well as specialists in economic and strategic issues ranking at the level of the heads of ministerial departments as well as independent international and domestic experts.
Following the sectorial review, the Government will receive expert recommendations aiming to increase the implementation effectiveness of the state policy and the effectiveness of the budget expenses in selected areas.
What’s the benefit?
The expenses review will improve the budget planning process, increase the effectiveness of the budget expenses and improve the quality of public services.
Using this tool, Ukraine will be able to aspire for higher positions for its budget system in international rankings.