The law provides for the concentration of funds on priority projects, the elimination of political influence and the creation of a single portfolio of investments for international donors.
The Verkhovna Rada adopted amendments to the Budget Code No. 12245, which reforms the management of public investments and fulfills one of the conditions of the IMF. This was announced by the Chairman of the Budget Committee, Roksolana Pidlasa.
The law provides for the concentration of funds on priority projects, the elimination of political influence and the creation of a single portfolio of investments for international donors.
Among the innovations he named:
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prioritizing most capital expenditures at the government level and focusing financial resources on the most important projects, instead of spreading them among hundreds of items among dozens of budget managers,
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financing from the budget only those things that have been assessed and recognized as those that can and should be implemented (which eliminates personal political influence in the distribution of funds),
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the existence of a single portfolio of investment projects that can be offered for financing to international donors.
Also, Podlasa assures, many important amendments have been taken into account, especially the continuation of fines on unscrupulous suppliers for delaying the supply of weapons to the front.
Earlier it was reported that the European Bank for Reconstruction and Development will allocate 300 million euros to update the fleet of dual-power electric locomotives.
Source: korrespondent
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