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.

Bibliographic Details

Main Author:	Zorya, Sergiy
Format:	Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2006-07-18
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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