Essence of the Act:
The resolution establishes a new procedure for the distribution of public investments in Ukraine. An Interdepartmental Commission on Public Investment Distribution is being created, which will be responsible for allocating state budget funds for the preparation and implementation of public investment projects. The document defines project selection criteria and mechanisms for monitoring their implementation.
Structure and Main Provisions:
1. Creation of an Interdepartmental Commission headed by the Minister of Finance, which includes representatives from all key ministries
2. Approval of the Commission Regulations and Funds Distribution Procedure
3. Defining project selection criteria: priority, degree of readiness, availability of funding
4. Establishing a procedure for monitoring project implementation and the possibility of reviewing funding
Key Provisions for Use:
– At least 70% of the total public investment volume must be directed to continuing/completing already started projects
– In case of implementation delays or project cost increase by more than 10%, the project is subject to re-examination
– The Commission may initiate a state financial audit of projects where violations have been identified
– Commission decisions and project lists are published on the Ministry of Finance website
