Ukraine: Technical Assistance Report-Public Financial Management Overview

IMF Staff Country Reports, February 8, 2016

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This report has been compiled against a backdrop of political uncertainty and heightened security concerns.
Public financial management (PFM) reforms may not be to the forefront of government priorities at present but severe budgetary pressures need to be addressed and measures adopted to help implement sustainable fiscal policy.
The report focuses on immediate PFM reforms needs that help alleviate immediate budget pressures, and also identifies medium-term reforms to address long-standing weaknesses in PFM systems.
Subject areas: Budget execution and treasury management, Budget planning and preparation, Currencies, Expenditure, Fiscal accounting and reporting, Money, Public financial management (PFM).

Immediate reform needs focus on measures that help alleviate immediate budget pressures and implement sustainable fiscal policy.
Medium-term reforms are identified to address long-standing weaknesses in PFM systems.
Keywords indicating scope and technical focus include: accounts payable, accounts receivable, banking arrangement, budget execution, cash flow, fiscal consolidation effort, government resolution, holding company, liquidity management purpose, short term, State assets, State budget.

Prioritize immediate PFM reforms that can relieve severe budgetary pressures and support implementation of sustainable fiscal policy.
Advance medium-term PFM reforms to strengthen fiscal institutions and address enduring weaknesses in PFM systems.
Strengthen areas reflected in the subject and keyword taxonomy: budget execution and treasury management, budget planning and preparation, fiscal accounting and reporting, and liquidity and cash-flow management.