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 processin...
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| Language: | English en_US |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/555401468174863008/Improving-agricultural-fiscal-policy-in-Ukraine http://hdl.handle.net/10986/36698 |
| 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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