IBSER Groundwork
25 November 2010
IBSER Groundwork to Allow Formulating Local Budgets According to Budget Code
IBSER experts held a roundtable titled, “Support of Reforms Provided by the Regional Development and Interbudgetary Relations Reform Working Subgroup,” in Zhytomyr on 23 November 2010. At the roundtable, the experts presented a draft Standard Codifier for local budget programs with a comparative table of compliance of the budget programs to the provisional classification of local budget expenditures and functional classification of expenditures.
The work follows on the decisions made by the Interdepartmental Working Group under the Ministry of Finance of Ukraine on 2 November 2010. The effort comes as part of implementing IBSER’s tasks under the Municipal Finance Strengthening Initiative project supported by USAID. The Institute of Budget has suggested a new procedure for the formulation of the code of program classification of local budget expenditures and crediting, which will ensure each program’s uniqueness and allow local budget planning and execution to be analyzed by individual parameter (by key spending unit, individual budgetary sector, individual budget program etc.).
In a further development, IBSER experts continue working on creating a new (two-digit) standard departmental classification of local budget expenditures.
The work follows on the decisions made by the Interdepartmental Working Group under the Ministry of Finance of Ukraine on 2 November 2010. The effort comes as part of implementing IBSER’s tasks under the Municipal Finance Strengthening Initiative project supported by USAID. The Institute of Budget has suggested a new procedure for the formulation of the code of program classification of local budget expenditures and crediting, which will ensure each program’s uniqueness and allow local budget planning and execution to be analyzed by individual parameter (by key spending unit, individual budgetary sector, individual budget program etc.).
In a further development, IBSER experts continue working on creating a new (two-digit) standard departmental classification of local budget expenditures.
Glyanec