Ukraine: Assessment of the Implementation of the New Formula Based Inter-Governmental Transfer System
AbstractSince independence, Ukraine has tried to function with the system of public finance it inherited from Soviet times. Experience has demonstrated that this system, based on an outdated budget law of 1996, has not served Ukraine well and that it has become increasingly inappropriate for an economy struggling to make a successful transition to a modern market economy. Among this system's more notable failures were its high degree of nontransparent and discretionary decision-making, its marked instability of both expenditure and revenue assignments for local governments, the lack of predictability for good budgeting practices, and the faulty incentives it provided for local governments to raise additional revenue and spend more effectively.
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Bibliographic InfoPaper provided by International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University in its series International Center for Public Policy Working Paper Series, at AYSPS, GSU with number paper0408.
Length: 60 pages
Date of creation: 01 Sep 2004
Date of revision:
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Web page: http://aysps.gsu.edu/isp/index.html
Ukraine; Inter-Governmental Transfer System;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-05-07 (All new papers)
- NEP-CIS-2005-05-07 (Confederation of Independent States)
- NEP-TRA-2005-05-07 (Transition Economics)
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