DOCSLIB.ORG

Modernization of Macroeconomic Forecasting As a Basis for Efficient Budgeting in Ukraine

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Modernization of Macroeconomic Forecasting As a Basis for Efficient Budgeting in Ukraine Modernization of Macroeconomic Forecasting as a Basis for Efficient Budgeting in Ukraine Kiev – 2008 MODERNIZATION OF MACROECONOMIC FORECASTING AS A BASIS FOR EFFICIENT BUDGETING IN UKRAINE Juraj Renčko, Ph.D Doc. RNDr. Viliam Páleník, Ph.D. Chief Editor / Project Manager Robert S. Bodo ISBN number: 978-966-8274-15-2 2 Modernization of Macroeconomic Forecasting as a Basis for Efficient Budgeting in Ukraine MODERNIZATION OF MACROECONOMIC FORECASTING AS A BASIS FOR EFFICIENT BUDGETING IN UKRAINE USAID Contract / Task Order Number EPP-I-01-04-00037-00 RTI Project Number 0209358.001 September 30, 2008 Prepared for Office of Economic Growth, Ukraine Mission United States Agency for International Development Prepared by: Robert S. Bodo RTI International1 3040 Cornwallis Road Post Office Box 12194 Research Triangle Park, NC 27709-2194 The author’s views expressed in this publication do not necessarily reflect the views of the United States Agency for International Development or the United States Government. 3 Chief Editor / Project Manager: Robert S. Bodo Publishing Coordinator / Editor: Vira Illiash English Copy Editing & Proofreading: James Hydzik Authors: Juraj Renčko, Ph.D Doc. RNDr. Viliam Páleník, Ph.D. Co-authors (in alphabetical order): Ing. Tomáš Domonkoš Ing. Vladimír Kvetan Ing. Martin Mlýnek Mgr. Lucia Pániková Ing. Marek Radvanský 4 Modernization of Macroeconomic Forecasting as a Basis for Efficient Budgeting in Ukraine TABLE OF CONTENTS Modernization of Macroeconomic Forecasting as a Basis for Efficient Budgeting in Ukraine Section 1 Abbreviations ................................................................................................................................................................................ 5 Preface............................................................................................................................................................................................. 7 Special Thanks ............................................................................................................................................................................... 10 Introduction ................................................................................................................................................................................ 11 Short Resume of the Authors ....................................................................................................................................................... 11 Slovakia’s Reform Path – Lessons That Can Be Learned ....................................................................................................... 12 Contemporary Approaches to Public Expenditures Management .......................................................................................... 15 1. Modern Public Finance Management ................................................................................................................................... 15 1.1 Key Reasons of Public Finance Management Reforms in OECD Countries ................................................................... 15 1.2 Basic Objectives of PEMR .................................................................................................................................................. 16 1.2.1 Aggregate Fiscal Discipline .................................................................................................................................... 16 1.2.2 Allocation Efficiency .............................................................................................................................................. 17 1.3 Top – Down Budgeting........................................................................................................................................................ 17 1.3.1 Methodological dimension ...................................................................................................................................... 18 1.3.2 Institutional dimension ............................................................................................................................................ 19 ANNEX I: Baseline Methodology – Brief Overview .................................................................................................................... 20 ANNEX II: Fiscal Impact Assessments – Brief Overview .......................................................................................................... 21 Public Finance Management Reform in Slovakia – Mistakes, Achievements and Lessons to be Learned ............................................................................................................................... 22 2. Macroeconomic Framework of Fiscal Policy ...................................................................................................................... 25 3. Budget Preparation ................................................................................................................................................................ 25 3.1 Program Budgeting ............................................................................................................................................................. 26 3.2 Multi-Annual Budget ............................................................................................................................................................ 26 3.3 Budget Process Legislation ................................................................................................................................................ 26 3.4 Organizational Aspect of Budget Process .......................................................................................................................... 26 4. Fiscal Decentralization ........................................................................................................................................................... 28 5. Budget Execution and Debt and Liquidity Management – State Treasury System ....................................................... 28 6. Accounting and Reporting .................................................................................................................................................... 30 7. Contingent Liabilities and Hidden Debt ............................................................................................................................... 31 8. System and IT Support of the Reform ................................................................................................................................. 32 9. Educational Activities ............................................................................................................................................................ 32 Conclusion ........................................................................................................................................................................................ 33 Additional Recommendation ............................................................................................................................................................ 35 Modernization of the Strategic Planning and Macroeconomic Forecasting System as a Basis for Efficient Budgeting in Ukraine ............................................................................................................................................... 36 10. Linkage between Strategic Planning, Prioritization and Budget ...................................................................................... 37 11. Multi – Year Budgeting .......................................................................................................................................................... 40 11.1 Medium – Term Macroeconomic and Macro-fiscal Framework..................................................................................... 40 11.2 Medium – Term Budget Framework .............................................................................................................................. 44 Annex I ............................................................................................................................................................................................ 45 Annex II: Possible Content of a Pre-Budget Document ............................................................................................................ 46 Section 2 Introduction................................................................................................................................................................................ 48 1. EU Budget and the Use of Macroeconomic Modelling .......................................................................................................48 1.1. The Preparation of the EU Budget in Brief ........................................................................................................................ 48 1.2. The Financial Framework of the EU .................................................................................................................................. 48 1.3. The EU Annual Budget.................................................................................................................................................... 50 1.3.1. The Structure of the EU Budget ..........................................................................................................................50 1.3.2. The Budget Procedure
Load more

Recommended publications
  • Consumer Satisfaction with Pharmaceutical Care in Slovak Community Pharmacies
    Acta Fac. Pharm. Univ. Comen. LXII, 2015 (1): 25-30. ISSN 1338-6786 (online) and ISSN 0301-2298 (print version), DOI: 10.2478/afpuc-2014-0015 ACTA FACULTATIS PHARMACEUTICAE UNIVERSITATIS COMENIANAE Consumer satisfaction with pharmaceutical care in Slovak community pharmacies Spokojnosť klientov lekární s lekárenskou starostlivosťou na Slovensku Original research article Mináriková, D. , Malovecká, I., Foltán, V. Comenius University in Bratislava, Univerzita Komenského v Bratislave, Faculty of Pharmacy, / Farmaceutická fakulta, Department of Organisation Katedra organizácie a riadenia farmácie and Management in Pharmacy Registered 29 October 2014, accepted 17 December 2014 Abstract The aim of this pilot study was to evaluate consumer satisfaction with pharmaceutical care provided in community pharmacies at the region level. Expectations and opinions of consumers were also confronted with the assumptions of pharmacists. Up to 82.0% of consumers conrmed their satisfaction with the care given to them by the pharmacist. A key factor of consumer satisfaction has been the professional (78.7%) and human approach (83.5%) of the pharmacist. A total of 73.6% of consumers in the survey accepted the pharmacist as an expert in medicines. The pharmacist´s self-evaluation was more negative. Monitoring and evaluation of consumer satisfactory with pharmaceutical care is not only essential for improvement of the quality of the healthcare system and for the implementation of pharmaceutical care focussed on the patient, but it may inuence the economic and nancial outcomes of entities providing pharmaceutical care in community pharmacies. Slovak Cieľom tejto pilotnej štúdie bolo zhodnotiť spokojnosť zákazníkov s lekárenskou starostlivosťou poskytovanou vo verejných abstract lekárňach na lokálnej úrovni.
    [Show full text]
  • Enjoy the Ride! Think, Work & Suceed with Us
    We provide help with research, consulting, coaching, management, implementation, and operations. Enjoy The Ride! Think, Work & Suceed With us Ecenter assists foreign companies to successfully establish their operations in Central Europe or their partnerships with local firms. Ecenter also helps ambitious local companies to successfully sell their services or products in new markets and become more competitive in their current markets. ECENTER, s.r.o., Grosslingova 17, 811 09 Bratislava, Tel.: +(421) 2 5273.1124, Fax: +(421) 2 5273.1211, [email protected] Dear Friends, ency and have made Slovakia an attractive environment. Pension, social and health reforms have I am very pleased that here in these pages I can address not only liberated us from the “sweet” comforts of the past and created motivation for each citizen to take those of you who already know Slovakia well, but also those who are more responsibility for his or her own well-being. Liberalization of the labor market, construction planning to visit Slovakia and want to get a brief overview of how of industrial parks and modern infrastructure, opportunities for structural fund support – all of this our country is doing and where it is going. has contributed to an improvement in the business environment. Further impulses for growth will undoubtedly be provided by our orientation toward an information-based society, modern educa- The promise of European Union membership is no longer the main tion, innovation and research. This means that it is in the interest of the government of the Slovak driving force behind our dynamic development. It has always been Republic to thoroughly implement the Lisbon Strategy at the national level.
    [Show full text]
  • Public Health Aspects of the Family Medicine Concepts in South Eastern Europe
    Public Health Aspects of the Family Medicine Concepts in South Eastern Europe DOI: 10.5455/msm.2014.26.277-286 Published online: 26/08/2014 Received: 16 March 2014; Accepted: 28 June 2014 Published print: 08/2014 © AVICENA 2014 CASE STUDY Mater Sociomed. 2014 Aug; 26(4): 277-286 Public Health Aspects of the Family Medicine Concepts in South Eastern Europe Izet Masic1, Miran Hadziahmetovic1, Doncho Donev2, Azis Pollhozani2, Naser Ramadani3, Amira Skopljak1, Almir Pasagic1, Enver Roshi4, Lejla Zunic5, Muharem Zildzic5 Faculty of medicine, University of Sarajevo, Bosnia and Herzegovina1 Faculty of medicine, University of Skopje, Republic of Macedonia2 Publih health institute of Kosova, Prishtina, Kosova3 Faculty of Public health, University of Tirana, Albania4 Faculty of Health Sciences, University of Zenica, Bosnia and Herzegovina5 Corresponding author: Prof. Izet Masic, MD, PhD. Department of Family medicine, Faculty of medicine, University of Sarajevo, Bosnia and Herzegovina. E-mail: [email protected] ABSTRACT Introduction: Family medicine as a part of the primary health care is devoted to provide continuous and comprehensive health care to the indi- viduals and families regardless of age, gender, types of diseases and affected system or part of the body. Special emphasis in such holistic approach is given to the prevention of diseases and health promotion. Family Medicine is the first step/link between doctors and patients within patients care as well as regular inspections/examinations and follow-up of the health status of healthy people. Most countries aspire to join the European Union and therefore adopting new regulations that are applied in the European Union. Aim: The aim of this study is to present the role and importance of family medicine, or where family medicine is today in 21 Century from the beginning of development in these countries.
    [Show full text]
  • Slovakia Health System Review
    Health Systems in Transition Vol. 18 No. 6 2016 Slovakia Health system review Martin Smatana • Peter Pažitný Daniela Kandilaki • Michaela Laktišová Darina Sedláková • Monika Palušková Ewout van Ginneken • Anne Spranger Anne Spranger and Ewout van Ginneken (editors) and Reinhard Busse (Series editor) were responsible for this HiT Editorial Board Series editors Reinhard Busse, Berlin University of Technology, Germany Josep Figueras, European Observatory on Health Systems and Policies Martin McKee, London School of Hygiene & Tropical Medicine, United Kingdom Elias Mossialos, London School of Economics and Political Science, United Kingdom Ellen Nolte, European Observatory on Health Systems and Policies Ewout van Ginneken, Berlin University of Technology, Germany Series coordinator Gabriele Pastorino, European Observatory on Health Systems and Policies Editorial team Jonathan Cylus, European Observatory on Health Systems and Policies Cristina Hernández-Quevedo, European Observatory on Health Systems and Policies Marina Karanikolos, European Observatory on Health Systems and Policies Anna Maresso, European Observatory on Health Systems and Policies David McDaid, European Observatory on Health Systems and Policies Sherry Merkur, European Observatory on Health Systems and Policies Dimitra Panteli, Berlin University of Technology, Germany Wilm Quentin, Berlin University of Technology, Germany Bernd Rechel, European Observatory on Health Systems and Policies Erica Richardson, European Observatory on Health Systems and Policies Anna Sagan, European
    [Show full text]
  • Commission Staff Working Document. Country Report – Slovakia 2018
    EUROPEAN COMMISSION Brussels, 7.3.2018 SWD(2018) 223 final COMMISSION STAFF WORKING DOCUMENT Country Report Slovakia 2018 Accompanying the document COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN CENTRAL BANK AND THE EUROGROUP 2018 European Semester: Assessment of progress on structural reforms, prevention and correction of macroeconomic imbalances, and results of in-depth reviews under Regulation (EU) No 1176/2011 {COM(2018) 120 final} EN EN CONTENTS Executive summary 1 1. Economic situation and outlook 4 2. Progress with country-specific recommendations 11 3. Reform priorities 16 3.1. Public finances and taxation 16 3.2. Financial sector 20 3.3. Labour market, education and social policies 22 3.4. Investment 31 3.5. Sectoral policies 38 Annex A: Overview Table 42 Annex B: MIP Scoreboard 47 Annex C: Standard Tables 48 References 54 LIST OF TABLES Table 1.1: Key economic and financial indicators 10 Table 2.1: Summary table on 2017 CSR assessment 13 Table 3.3.1: ALMP expenditure by type of actions (% of GDP, 2015) 25 Table B.1: MIP Scoreboard (AMR 2018) 47 Table C.1: Financial market indicators 48 Table C.2: Headline Social Scoreboard Indicators 49 Table C.3: Labour market and education indicators 50 Table C.4: Social inclusion and health indicators 51 Table C.5: Product market performance and policy indicators 52 Table C.6: Green Growth 53 LIST OF GRAPHS Graph 1.1: Real GDP and its components 4 Graph 1.2: GNI per person in purchasing power standards (PPS) as a share of EU-28 5 Graph 1.3: Investment
    [Show full text]
  • Aberystwyth University Exploring Potentialities of (Health)Care in Glasgow and Beyond
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Aberystwyth Research Portal Aberystwyth University Exploring potentialities of (health)care in Glasgow and beyond Guma, Taulant Published in: Central and Eastern European Migration Review: CEEMR DOI: 10.17467/ceemr.2018.02 Publication date: 2018 Citation for published version (APA): Guma, T. (2018). Exploring potentialities of (health)care in Glasgow and beyond: Negotiations of Social Security Among Czech- and Slovak-Speaking Migrants. Central and Eastern European Migration Review: CEEMR, 7(1), 73-90. https://doi.org/10.17467/ceemr.2018.02 General rights Copyright and moral rights for the publications made accessible in the Aberystwyth Research Portal (the Institutional Repository) are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. • Users may download and print one copy of any publication from the Aberystwyth Research Portal for the purpose of private study or research. • You may not further distribute the material or use it for any profit-making activity or commercial gain • You may freely distribute the URL identifying the publication in the Aberystwyth Research Portal Take down policy If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim. tel: +44 1970 62 2400 email: [email protected] Download date: 03. Oct. 2019 Central and Eastern European Migration Review Received: 20 March 2017, Accepted: 26 April 2018 Published online: 23 May 2018, pp.
    [Show full text]
  • Increasing Competitiveness of the Slovak Republic. Sharing Reforms & EU Accession Experience. Vladim
    Country in transition: increasing competitiveness of the Slovak Republic. Sharing reforms & EU accession experience. Vladimír Benč1& René Matlovič2 Content Foreword ................................................................................................................................................ 2 Slovakia – today ......................................................................................................................................... 4 Reforming the country in between 1989 – 1999 ........................................................................................ 7 Success story of the EU accession from 1999 till 2007 ............................................................................. 9 Key measures ....................................................................................................................................... 10 EU accession process & reforms.......................................................................................................... 15 Tax reform ........................................................................................................................................... 18 Competition policy and the State Aid system (incl. EU accession negotiation) .................................. 23 Facing the impacts of the World economic crisis (2008 – onwards) ....................................................... 28 Regional disparities – potential source of development problems in Slovakia .................................... 32 Conclusion – lessons
    [Show full text]
  • Efficiency of Healthcare Systems in Czech Republic and Slovakia After the Dissolution of Czechoslovakia
    EFFICIENCY OF HEALTHCARE SYSTEMS IN CZECH REPUBLIC AND SLOVAKIA AFTER THE DISSOLUTION OF CZECHOSLOVAKIA MÁRIA GRAUSOVÁ Matej Bel University in Banská Bystrica, Faculty of Economics, Department of Quantitative Methods and Information Systems, Tajovského 10, 975 90 Banská Bystrica email: [email protected] MIROSLAV HUŽVÁR Matej Bel University in Banská Bystrica, Faculty of Economics, Department of Quantitative Methods and Information Systems, Tajovského 10, 975 90 Banská Bystrica email: [email protected] JANA ŠTRANGFELDOVÁ Matej Bel University in Banská Bystrica, Faculty of Economics, Department of Public Economics and Regional Development, Tajovského 10, 975 90 Banská Bystrica email: [email protected] Abstract The dissolution of Czechoslovakia, which took effect on January 1, 1993, split Czechoslovakia into two independent countries - the Czech Republic and Slovakia. Thenceforth the Czech and Slovak healthcare systems have undergone major and important changes which were expected to have a positive effect on healthcare outcomes of the population. Our goal is to analyse the change of the efficiency of healthcare systems in the Czech Republic and Slovakia after the dissolution relatively to other European countries. For this purpose we apply Data Envelopment Analysis to calculate efficiency scores and Malmquist productivity indices for the period 1995-2012. The total health expenditure is considered as input, while the number of infant death, life expectancy at birth, and the final consumption expenditure (FCE) are considered as outputs. Standard decomposition of Malmquist index into frontier shift and catching up effect gives a deeper insight into the issue. Finally, we relate the results of efficiency analysis with the health reforms carried out in both countries.
    [Show full text]
  • Reclaiming Public Health Care in Europe
    Reclaiming Public Health Experiences and Insights from Europe This publication is the result of contributions from many researchers, activists, and organizations across Europe (and beyond!). We are in immense appreciation of the tireless work conducted by Viva Salud, the European Network against Privatization and Commercialization of Health and Social Protection, Centro di Salute Internazionale e Interculturale, Association ESE, the Centre for Development of Workers' Participation, the Life Quality Improvement Organization Karika, Médecine pour le Peuple, and the Action Platform Health and Solidarity. We are also in appreciation of the endless efforts of all People’s Health Movement Europe country circles that have built the basis for this research over the past several years. A special thanks goes to those who made the case studies happen–not only writing them but also by supporting the research for this collection in other ways. Desirée Enlund, Dominika Gornaľová, Eva Gallova, Jasper Thys, and Nina Rajković: thanks a ton for all the effort you put into developing the selected case studies. And a final thanks to the organizations that offered infrastructural support for the development of the case studies—People’s Health Movement Europe, Organization for Workers’ Initiative and Democratization, Institute for Political Reclaiming Public Health: Experiences and Insights from Europe Edited by Leigh Kamore Haynes and Ana Vračar Designed by Leigh Kamore Haynes Research coordination Ana Vračar JUNE 2021 People’s Health Movement Europe phmovement.org
    [Show full text]
  • Strategický Rámec Starostlivosti O Zdravie Pre Roky 2013
    Strategic framework for health for 2014 - 2030 1 Contents INTRODUCTION ................................................................................................................. 3 1 INTERNATIONAL CONTEXT ................................................................................. 5 2 PERFORMANCE ANALYSIS OF THE SLOVAK HEALTH CARE SYSTEM () ............................ 14 3 DEMOGRAPHIC DEVELOPMENT ................................................................................. 18 4 STRATEGIC OBJECTIVES .............................................................................................. 21 4.1 PUBLIC HEALTH ..................................................................................................... 21 4.2 INTEGRATED OUTPATIENT HEALTHCARE ............................................................. 22 4.3 INPATIENT HEALTHCARE ....................................................................................... 22 5 HEALTH SECTOR AREA OF CONCERN AND TOOLS FOR TRANSFORMATION .................. 24 6 MONITORING SYSTEM ............................................................................................... 37 7 SOURCE OF FINANCE .................................................................................................. 38 7.1 PUBLIC HEALTH INSURANCE ................................................................................. 38 7.2 STATE BUDGET FUNDS ........................................................................................... 38 7.3 STRUCTURAL FUNDS FOR PROGRAMMING PERIOD 2007
    [Show full text]
  • Long-Term Care Workforce: Employment and Working Conditions
    AD HOC REPORT Public services Long-term care workforce: Employment and working conditions Produced for the European Commission in the context of the forthcoming report on long-term care, jointly prepared by the European Commission and the Social Protection Committee Long-term care workforce: Employment and working conditions When citing this report, please use the following wording: Eurofound (2020), Long-term care workforce: Employment and working conditions, Publications Office of the European Union, Luxembourg Authors: Hans Dubois, Tadas Leončikas, Daniel Molinuevo and Mathijn Wilkens (Eurofound) Research manager: Hans Dubois Research project: The long‐term care workforce (191203) Peer reviewers: Oscar Vargas Llave and Tina Weber (Eurofound), and Ricardo Rodrigues (European Centre for Social Welfare Policy and Research) Acknowledgements: Input by Eurostat Institutional Support (Stefano Abruzzini, Konstantina Michalopoulou, and the SES and LFS teams), Peter Kerckhofs (Eurofound) and the Network of Eurofound Correspondents (see Annex). Comments on draft sections by Adam Rogalewski (European Economic and Social Committee), Vincent Horn (Johannes Gutenberg University Mainz), Christine Aumayr‐Pintar (Eurofound) and Isabella Biletta (Eurofound) are greatly appreciated. Luxembourg: Publications Office of the European Union Print: ISBN: 978‐92‐897‐2128‐8 doi:10.2806/531180 TJ‐03‐20‐684‐EN‐C PDF: ISBN: 978‐92‐897‐2127‐1 doi:10.2806/36712 TJ‐03‐20‐684‐EN‐N This report and any associated materials are available online at http://eurofound.link/ef200028 © European Foundation for the Improvement of Living and Working Conditions, 2020 Reproduction is authorised provided the source is acknowledged. For any use or reproduction of photos or other material that is not under the Eurofound copyright, permission must be sought directly from the copyright holders.
    [Show full text]
  • Josette Baer the Development of Psychiatry in Slovakia
    Josette Baer The Development of Psychiatry in Slovakia Introduction This text should be understood as an introduction to the political history of Slovakia with a focus on public health. For the Slovaks, 1918 marked the crucial moment of self-government and the end of aristocratic rule; the Slovak territory was united with the Czech lands (Bohemia, Moravia and Moravian Silesia) by February 1919,1 and the new border with Hungary was confirmed in the peace treaty of Trianon in June 1920, effective from July 1921. The Czecho- slovak Republic, founded by professor of philosophy Thomas Gar- rigue Masaryk (1850–1937), was the result of the Allied victory in the First World War and recognition for Masaryk’s Czechoslovak legia, which had fought on the side of the Allies for four years. I am neither a physician nor a historian of medicine; thus, my text is based on the studies of two Slovak colleagues as well as specialist literature that I have scrutinized in preparing this text.2 Owing to my lack of expertise, I shall not present the process of 1 Note that all translations into English are by me, unless otherwise referred to. On the details of the integration of Slovakia into the Czech lands, see Josette Baer: A Life Dedicated to the Republic. Vavro Šrobár’s Slovak Czechoslovakism, Stuttgart 2014, 73-94. 2 Roy Porter: The Greatest Benefit to Mankind. A Medical History of Hu- manity, New York, London 1999; Jeffrey A. Liebermann with Ogi Ogas: Shrinks. The Untold Story of Psychiatry, London 2016; Adam Bžoch: Psychoanalýza na Periférii (k dejinám psychoanalýzy na Slovensku), Bratislava 2007.
    [Show full text]