The Cabinet of Ministers approved changes to the procedure for developing the Medium-Term Plan for Priority Public Investments, aimed at enhancing the transparency, predictability, and effectiveness of the investment process.
This is reported by Finway
New approaches to defining investment priorities
Among the main innovations is the clarification of sectors and subsectors for investment, which will allow for the clear identification of strategic development directions. Proposals for the medium-term plan will now be submitted in the form of ranking lists. This approach is expected to ensure a more rational allocation of state funds, directing them towards financing the most priority and important projects for the country.
Transparency and control over the effectiveness of state investments
In addition, the changes involve the introduction of clear requirements for target indicators and performance indicators. From now on, each investment must be economically justified and guarantee a predictable result. Synchronization of planning processes, clarification of deadlines, and the procedure for preparing the plan will help avoid delays in financing strategic projects and ensure timely decision-making.
“The adoption of these changes will allow us to build a single logical system: from the strategic goal to the specific project, implemented on time and within budget. This is another step towards improving the quality of public administration and the effective use of resources for the reconstruction of Ukraine,” emphasized the Ministry of Economy.
It is worth noting that earlier the Ministry of Economy, Environment, and Agriculture approved unified rules for preparing public investment projects to enhance their quality and simplify the process of attracting international financing. The Strategic Investment Council also updated the Unified Project Portfolio of Public Investments in Ukraine, adding 18 new investment projects and two large-scale programs.