{
  "title": "Ukraine: Technical Assistance Report-Medium-Term Budget Framework and Fiscal Risk Statement",
  "publication": "IMF Staff Country Reports, November 15, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/11/15/ukraine-technical-assistance-report-medium-term-budget-framework-and-fiscal-risk-statement-48812",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2019/11/15/ukraine-technical-assistance-report-medium-term-budget-framework-and-fiscal-risk-statement-48812",
  "overlayPath": "/en/publications/cr/issues/2019/11/15/ukraine-technical-assistance-report-medium-term-budget-framework-and-fiscal-risk-statement-48812/index.md",
  "summary": "This Technical Assistance paper on Ukraine discusses medium-term budget framework (MTBF) and fiscal risk statement. In order to strengthen the medium-term orientation of the budget, the authorities have committed to implement a full-fledged MTBF as part of their Public Financial Management Reform St",
  "sections": [
    {
      "heading": "Summary",
      "content": "- This Technical Assistance paper on Ukraine discusses medium-term budget framework (MTBF) and fiscal risk statement.\n- To strengthen the medium-term orientation of the budget, the authorities have committed to implement a full-fledged MTBF as part of their Public Financial Management Reform Strategy (2017–21).\n- The authorities have been taking steps to improve their understanding and disclosure of fiscal risks and have made significant progress with the inclusion of a summary fiscal risk statement in the draft Budget Declaration."
    },
    {
      "heading": "MTBF implementation and practical requirements",
      "content": "- The success of the pilot MTBF exercise depends critically on the ability of the Ministry of Finance (MoF) to enforce compliance with ceilings during the annual budget.\n- The MoF will need to develop a robust report explaining the ceilings for cabinet discussion and for presentation to the legislature.\n- Key MTBF-related terms and concepts reflected in the source: baseline expenditure estimate, budget challenge function, budget declaration, expenditure ceiling, expenditure envelope, MTBF process."
    },
    {
      "heading": "Fiscal risk analysis and disclosure",
      "content": "- Significant progress: inclusion of a summary fiscal risk statement in the draft Budget Declaration.\n- Remaining needs:\n  - Establishment of institutional structures to support fiscal risk analyses and disclosure.\n  - Improved understanding and systematic disclosure of fiscal risks beyond the summary statement."
    },
    {
      "heading": "Institutional gaps and capacity",
      "content": "- Institutional structures to support fiscal risk analyses and disclosure are yet to be established.\n- Capacity development priorities implied by the report:\n  - Strengthen MoF capacity to enforce ceilings and to conduct and present ceiling justification.\n  - Build analytic and reporting capacity for comprehensive fiscal risk statements and supporting institutional frameworks.\n  - Enhance the budget challenge function and build budget challenge capacity across relevant units."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Implement a full-fledged MTBF consistent with the Public Financial Management Reform Strategy (2017–21).\n- Ensure the MoF can enforce compliance with expenditure ceilings during annual budget preparation and execution.\n- Produce a robust explanatory report on ceilings for cabinet discussion and legislative presentation.\n- Institutionalize fiscal risk analysis and disclosure mechanisms to move beyond a summary fiscal risk statement."
    },
    {
      "heading": "Key statistics and publication metadata (as presented)",
      "content": "- Publication date: November 15, 2019\n- Pages: 41\n- Volume: 2019\n- Issue: 342\n- Series: Country Report No. 2019/342\n- DOI: https://doi.org/10.5089/9781513520377.002\n- Stock No: 1UKREA2019003\n- ISBN: 9781513520377\n- ISSN: 1934-7685\n\nInternational Monetary Fund. Fiscal Affairs Dept. \"Ukraine: Technical Assistance Report-Medium-Term Budget Framework and Fiscal Risk Statement\", IMF Staff Country Reports 2019, 342 (2019).\n\n---\n\n Content in this bundle\n\n- 1ukrea2019003\n  - 1ukrea2019003 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1ukrea2019003 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2019/11/15/ukraine-technical-assistance-report-medium-term-budget-framework-and-fiscal-risk-statement-48812/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2019/11/15/ukraine-technical-assistance-report-medium-term-budget-framework-and-fiscal-risk-statement-48812/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2019/11/15/ukraine-technical-assistance-report-medium-term-budget-framework-and-fiscal-risk-statement-48812/bundle-manifest.json)",
    "Published: November 15, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513520377.002",
    "This Technical Assistance paper on Ukraine discusses medium-term budget framework (MTBF) and fiscal risk statement.",
    "To strengthen the medium-term orientation of the budget, the authorities have committed to implement a full-fledged MTBF as part of their Public Financial Management Reform Strategy (2017–21).",
    "The authorities have been taking steps to improve their understanding and disclosure of fiscal risks and have made significant progress with the inclusion of a summary fiscal risk statement in the draft Budget Declaration.",
    "The success of the pilot MTBF exercise depends critically on the ability of the Ministry of Finance (MoF) to enforce compliance with ceilings during the annual budget.",
    "The MoF will need to develop a robust report explaining the ceilings for cabinet discussion and for presentation to the legislature.",
    "Key MTBF-related terms and concepts reflected in the source: baseline expenditure estimate, budget challenge function, budget declaration, expenditure ceiling, expenditure envelope, MTBF process.",
    "Significant progress: inclusion of a summary fiscal risk statement in the draft Budget Declaration.",
    "Remaining needs:",
    "Institutional structures to support fiscal risk analyses and disclosure are yet to be established.",
    "Capacity development priorities implied by the report:",
    "Implement a full-fledged MTBF consistent with the Public Financial Management Reform Strategy (2017–21).",
    "Ensure the MoF can enforce compliance with expenditure ceilings during annual budget preparation and execution.",
    "Produce a robust explanatory report on ceilings for cabinet discussion and legislative presentation.",
    "Institutionalize fiscal risk analysis and disclosure mechanisms to move beyond a summary fiscal risk statement.",
    "Publication date: November 15, 2019",
    "Pages: 41",
    "Volume: 2019",
    "Issue: 342",
    "Series: Country Report No. 2019/342",
    "DOI: https://doi.org/10.5089/9781513520377.002",
    "Stock No: 1UKREA2019003",
    "ISBN: 9781513520377",
    "ISSN: 1934-7685",
    "**1ukrea2019003**"
  ],
  "related": [
    {
      "title": "1ukrea2019003",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2019/1ukrea2019003.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2019/1ukrea2019003.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2019/1ukrea2019003.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2019/11/15/ukraine-technical-assistance-report-medium-term-budget-framework-and-fiscal-risk-statement-48812/index.md",
    "json": "/en/publications/cr/issues/2019/11/15/ukraine-technical-assistance-report-medium-term-budget-framework-and-fiscal-risk-statement-48812/index.json",
    "bundleManifest": "/en/publications/cr/issues/2019/11/15/ukraine-technical-assistance-report-medium-term-budget-framework-and-fiscal-risk-statement-48812/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-12T16:03:26.41Z"
}