Abstract
At the present stage of economic development Ukrainian public sector is faced with multiple new and complex challenges. In order to implement strategic reforms in the public financial management, the public authorities were given the opportunity to use external sources of finance for the implementation of relevant innovative projects and programs. Accordingly, Ukraine assumes certain international obligations towards the organizational and institutional aspects, as well as transparent and effective targeted use of financial resources. This study examined the main issues of projects and programs at each stage of the project cycle management. The main purpose of this paper is to find the best basic areas for further cooperation between Ukraine and the EU on the implementation of project management in the context of the need to modernize the budget management system. Methodological and theoretical basis of the research consists of the works of foreign and Ukrainian scholars that allowed realizing conceptual integrity of the study. Methods of generalization and comparison allowed to assess the existing projects of modernization of public financial management financed by international organizations. The authors defined the possible forms of financing of government innovative projects and programs in Ukraine. For this purpose, methods of analysis and synthesis were used. As a result, it is recommended to follow the directions of further cooperation between Ukraine and the EU on the development of project management along with performance-based budgeting.
Highlights
Ukraine’s public financial management system has a number of problems and drawbacks at the present stage of development
Over the past ten years, the country implemented a large number of innovative projects that were financed by international organizations aimed at modernizing public financial management system, including budget management
Project management is a very tangible heritage, which has emerged in the practice of the private sector, and which, as international experience shows, can be successfully used in the budget management system
Summary
Ukraine’s public financial management system has a number of problems and drawbacks at the present stage of development. Over the past ten years, the country implemented a large number of innovative projects that were financed by international organizations aimed at modernizing public financial management system, including budget management. Implementation of these projects and programs is carried out on the basis of the functional approach and the traditional bureaucracy. It requires the search for new methods and tools for the implementation of progressive changes. The vast majority of public authorities and local governments do not have the knowledge and experience in the development and project management
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
