Meeting of the National Advisory Board
06 June 2014
On 6 June 2014, a meeting of the National Advisory Board (NAB) on efficient public finance management took place. The meeting was held as part of the Municipal Finance Strengthening Initiative Project (MFSI-II) Roll-out and was attended the MFSI-II Project as well as the Ministry of Finance of Ukraine, State Treasury Service of Ukraine, academia and the international expert community.
At the meeting, the participants discussed the new budget policy directions for the year 2015 and proposals for improving the methodological and regulatory framework for PPB budgeting. Special focus was placed on amending existing normative acts that are directly linked to the budget process and are to be used for forming and executing local budgets based on the Performance Program Budgeting method. Also, the Project suggested certain opportunities for providing for the needs of bud
getary institutions in implementing their energy saving activities. Providing for these needs will help engage energy service companies in the implementation of energy performance projects, which in turn will make it possible to save budget funds.
In addition, Project proposals for amending the Budget Code of Ukraine were considered. Such amendments are intended to introduce the terms for long-term obligations and related procedures. As the result of the discussion, the participants approved the Project’s proposals and groundwork.
At the meeting, the participants discussed the new budget policy directions for the year 2015 and proposals for improving the methodological and regulatory framework for PPB budgeting. Special focus was placed on amending existing normative acts that are directly linked to the budget process and are to be used for forming and executing local budgets based on the Performance Program Budgeting method. Also, the Project suggested certain opportunities for providing for the needs of bud
getary institutions in implementing their energy saving activities. Providing for these needs will help engage energy service companies in the implementation of energy performance projects, which in turn will make it possible to save budget funds.In addition, Project proposals for amending the Budget Code of Ukraine were considered. Such amendments are intended to introduce the terms for long-term obligations and related procedures. As the result of the discussion, the participants approved the Project’s proposals and groundwork.
Glyanec