Improving Agricultural Fiscal Policy in Ukraine
Agriculture's importance to the economy in Ukraine is both deep and diverse. Agriculture is one of the Ukrainian economy's key sectors, accounting for 11 percent of GDP and 22 percent of total employment. Together with the food processing industry, its contribution to GDP and employment increases to 20 percent and 28 percent, respectively. This paper evaluates the past and current agricultural fiscal policies in Ukraine. The main findings and messages include the following: Despite increased fiscal spending, the agricultural sector in Ukraine continues to perform below its potential; a supportive environment for agricultural development should be created; fiscal spending needs to be shifted away from subsidies, to the programs most relevant to the objectives of public support; and the quality of growth-enhancing investments needs to be improved.
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| Format: | Working Paper biblioteca |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2006-07-18
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| Subjects: | AGRICULTURE, FISCAL POLICY, PUBLIC SERVICE IN RURAL AREA, QUALITY OF PUBLIC SERVICE, DATA ON TAX EXPENDITURES, CROP AND LIVESTOCK, FOOD SAFETY, FOOD SUPPLY CHAIN, LIVESTOCK PRODUCER, LARGE FARM, INTEREST RATE SUBSIDY, PER CAPITA INCOME, LACK OF TRANSPARENCY, AGRICULTURAL KNOWLEDGE SYSTEM, FRUIT AND VEGETABLE, FOOD PROCESSING INDUSTRY, IMPACT ON PRICE, RURAL FINANCE MARKET, AVERAGE EXCHANGE RATE, AGRICULTURAL POLICY ANALYSIS, COMMERCIAL BANKING SYSTEM, MODE OF CALCULATION, CAPACITY OF FARMER, EDUCATION AND HEALTH, AGRICULTURAL GROWTH, |
| Online Access: | http://documents.worldbank.org/curated/en/555401468174863008/Improving-agricultural-fiscal-policy-in-Ukraine https://hdl.handle.net/10986/36698 |
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| Summary: | Agriculture's importance to the
economy in Ukraine is both deep and diverse. Agriculture is
one of the Ukrainian economy's key sectors, accounting
for 11 percent of GDP and 22 percent of total employment.
Together with the food processing industry, its contribution
to GDP and employment increases to 20 percent and 28
percent, respectively. This paper evaluates the past and
current agricultural fiscal policies in Ukraine. The main
findings and messages include the following: Despite
increased fiscal spending, the agricultural sector in
Ukraine continues to perform below its potential; a
supportive environment for agricultural development should
be created; fiscal spending needs to be shifted away from
subsidies, to the programs most relevant to the objectives
of public support; and the quality of growth-enhancing
investments needs to be improved. |
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