Government approves methodology for assessment of fiscal risks in public sector of economy

Government approves methodology for assessment of fiscal risks in public sector of economy

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Ukrinform
The Cabinet of Ministers of Ukraine has approved the methodology for assessment of the fiscal risks associated with the activities of economic entities in the public sector of the economy.

The text of the relevant resolution was published on the Governmental portal

The document provides, inter alia, for determination of the list of these fiscal risks, sources of information for analyzing these risks, as well as the methodological basis for assessing the fiscal risks.

According to the officials, this will allow not only to assess risks but also to prepare measures to minimize their impact on the state budget of Ukraine.

The decision is reasoned by the fact that the economic entities of the public sector are a potential source of significant fiscal risks due to possible direct losses of the state budget.

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