Everything on “Budget Process” for local budgets

Despite the fact that summer period is traditionally associated with the holiday season, the budget process continues, changing one stage with another. The current stage envisages formation of the basic indicators related to both the state and local budgets, which will determine the directions of functioning of the economy and all branches of the budget sphere in the nearest future.

To support local self-government bodies, the experts of the Financial Monitoring Group of the Central Reform Office under MinRegion (with the support of the U-LEAD with Europe Programme and SKL International) have developed updated “Budget Process” materials (DOWNLOAD) on the main stages of the formation and implementation of local budgets.

According to the Budget Code of Ukraine, the stages of the budget process are as follows:

  1. preparation of draft budgets;
  2. consideration of the draft and adoption of the law on the State Budget of Ukraine (or a decision on the local budget);
  3. implementation of the budget, including amendments to the law on the State Budget of Ukraine (or local budget);
  4. preparation and review of the report on the implementation of the budget and the decision on it.

Experts point out that the social and economic situation of each hromada, regions and the country as a whole depends on well-organised management of the budget process, implementation of the functions and tasks of all authorities, efficiency of providing public services and effectiveness of the work of all participants in the budget process.

The full version is available in Ukrainian – please click HERE

30.07.2018 - 14:35 | Views: 3846
Everything on “Budget Process” for local budgets

Tags:

budget budget methodology

Source:

Share the news:

Read more:
Ff2438d8fed34f2a9899b2c0f31b4d82

19 October 2018

Large-scale implementation of regional...

Regional projects to be implemented at the expense of Sector Policy Support Programme of the European Union were...

9c5e72c89e905393896304dc9fe67170

19 October 2018

Can hromada make tourism a profitable business?

Is it really possible for Ukraine to become one of the leading countries in tourism sector and integrate the efforts...

29bcd4dfc1e72de9dcabec796e09946f

19 October 2018

USAID begins two new activities in eastern Ukraine

USAID Democratic Governance East (DG-East) is a five-year (2018-2023) activity to improve trust and confidence...