The Cabinet of Ministers of Ukraine approved the method of assessment of fiscal risks, associated with the activities of business entities of the public sector of economy.
The wording of the respective resolution is published on the Government Portal, Ukrinform reports.
The document stipulates, in particular, the determination of the list of these fiscal risks, the sources of information for analyzing these risks, as well as the methodological bases of the assessment of fiscal risks.
According to the officials, it will allow not only assessing the risks, but also preparing the measures on minimizing their impact on the indicators of the state budget of Ukraine.
The approval of the decision is due to the fact that the business entities of the public sector of economy are the potential source of significant fiscal risks due to possible direct losses of the state budget as the result of the decrease of payments to the benefit of the state, increase of public aid, provided to them, presence of large amounts of state-guaranteed loans and other liabilities, the fulfillment of which can be laid on the state budget.