Ukraine Public Finance Review

Ukraine Public Finance Review

Despite bold efforts to consolidate public finances, Ukraine’s growth potential remains undermined by a large public sector, high public debt levels and inefficient provision of critical public services. The Ukraine government faces new public spen...

Full description

Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
en_US
Published: Washington, DC 2017
Subjects:
FINANCE
PERFORMANCE
MANAGEMENT
REGULATION
PUBLIC FINANCE
PUBLIC EXPENDITURE
FISCAL REFORM
TAX ADMINISTRATION
PENSION REFORM
HEALTH FINANCE
EDUCATION SPENDING
SOCIAL ASSISTANCE
DECENTRALIZATION
SERVICE DELIVERY
Online Access:http://documents.worldbank.org/curated/en/476521500449393161/Ukraine-Public-finance-review
http://hdl.handle.net/10986/28301
id okr-10986-28301
recordtype oai_dc
spelling okr-10986-283012021-05-25T09:03:13Z Ukraine Public Finance Review World Bank FINANCE PERFORMANCE MANAGEMENT REGULATION PUBLIC FINANCE PUBLIC EXPENDITURE FISCAL REFORM TAX ADMINISTRATION PENSION REFORM HEALTH FINANCE EDUCATION SPENDING SOCIAL ASSISTANCE DECENTRALIZATION SERVICE DELIVERY Despite bold efforts to consolidate public finances, Ukraine’s growth potential remains undermined by a large public sector, high public debt levels and inefficient provision of critical public services. The Ukraine government faces new public spending pressures which, if realized, would reverse recent fiscal consolidation gains. In this context, the objective of this Public Finance Review (PFR) is to inform the government of Ukraine about fiscal reform options to restore sustainability of public finances while improving critical public services and improving medium-term growth prospects. The PFR offers reform options for a gradual and sustainable fiscal deficit reduction and mitigation of risks to debt sustainability through broadening the tax base, improved tax administration, and more efficient public spending. Chapter 1 provides an overview of Ukraine’s fiscal situation and key pressures to fiscal sustainability. Chapter 2 focuses on options to broaden the tax base and improve tax administration following the recent tax reform measures. Although Ukraine already collects a high share of Gross domestic product as taxes, it can improve tax compliance, broaden the tax base, and reduce the tax burden. Improving tax administration and broadening the tax base are critical to improve fiscal sustainability in the short term and to create a foundation for sustainable economic growth in the medium term. Chapter 3 focuses on options to improve the fiscal sustainability of the pensions system, which is the largest public finance expenditure item and a source of fiscal vulnerability on the expenditure side. Chapters 4, 5, 6 and 7 look at opportunities for delivering public services, specifically, education, health, social assistance and decentralization, that are more efficient, equitable and higher quality. Reforms in these areas are anchors of Ukraine’s long-term fiscal sustainability and core elements of the strategy to reduce the fiscal deficit. Analyses of expenditures in this review are structured according to functions rather than economic categories. 2017-09-12T15:59:56Z 2017-09-12T15:59:56Z 2017-06-27 Report http://documents.worldbank.org/curated/en/476521500449393161/Ukraine-Public-finance-review http://hdl.handle.net/10986/28301 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Public Expenditure Review Economic & Sector Work Europe and Central Asia Ukraine
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 FINANCE
PERFORMANCE
MANAGEMENT
REGULATION
PUBLIC FINANCE
PUBLIC EXPENDITURE
FISCAL REFORM
TAX ADMINISTRATION
PENSION REFORM
HEALTH FINANCE
EDUCATION SPENDING
SOCIAL ASSISTANCE
DECENTRALIZATION
SERVICE DELIVERY
spellingShingle FINANCE
PERFORMANCE
MANAGEMENT
REGULATION
PUBLIC FINANCE
PUBLIC EXPENDITURE
FISCAL REFORM
TAX ADMINISTRATION
PENSION REFORM
HEALTH FINANCE
EDUCATION SPENDING
SOCIAL ASSISTANCE
DECENTRALIZATION
SERVICE DELIVERY
World Bank
Ukraine Public Finance Review
geographic_facet Europe and Central Asia
Ukraine
description Despite bold efforts to consolidate public finances, Ukraine’s growth potential remains undermined by a large public sector, high public debt levels and inefficient provision of critical public services. The Ukraine government faces new public spending pressures which, if realized, would reverse recent fiscal consolidation gains. In this context, the objective of this Public Finance Review (PFR) is to inform the government of Ukraine about fiscal reform options to restore sustainability of public finances while improving critical public services and improving medium-term growth prospects. The PFR offers reform options for a gradual and sustainable fiscal deficit reduction and mitigation of risks to debt sustainability through broadening the tax base, improved tax administration, and more efficient public spending. Chapter 1 provides an overview of Ukraine’s fiscal situation and key pressures to fiscal sustainability. Chapter 2 focuses on options to broaden the tax base and improve tax administration following the recent tax reform measures. Although Ukraine already collects a high share of Gross domestic product as taxes, it can improve tax compliance, broaden the tax base, and reduce the tax burden. Improving tax administration and broadening the tax base are critical to improve fiscal sustainability in the short term and to create a foundation for sustainable economic growth in the medium term. Chapter 3 focuses on options to improve the fiscal sustainability of the pensions system, which is the largest public finance expenditure item and a source of fiscal vulnerability on the expenditure side. Chapters 4, 5, 6 and 7 look at opportunities for delivering public services, specifically, education, health, social assistance and decentralization, that are more efficient, equitable and higher quality. Reforms in these areas are anchors of Ukraine’s long-term fiscal sustainability and core elements of the strategy to reduce the fiscal deficit. Analyses of expenditures in this review are structured according to functions rather than economic categories.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Ukraine Public Finance Review
title_short Ukraine Public Finance Review
title_full Ukraine Public Finance Review
title_fullStr Ukraine Public Finance Review
title_full_unstemmed Ukraine Public Finance Review
title_sort ukraine public finance review
publisher Washington, DC
publishDate 2017
url http://documents.worldbank.org/curated/en/476521500449393161/Ukraine-Public-finance-review
http://hdl.handle.net/10986/28301
_version_ 1764466426792378368

Similar Items