Budget Monitoring: Analysis of Budget Execution in January-June 2012

The main goal of the project is to improve the effectiveness and transparency of using budget funds through the implementation of the Performance Program Budgeting method of formation and execution of local budgets. Additionally, the project aims to assist cities in implementing an efficient system for monitoring their energy expenditures. The project is implemented by the Institute for Budgetary and Socio-Economic Research (IBSER), which is responsible for preparing and arranging the publication "Budget Monitoring: Analysis of Budget Execution in January-June 2012." The publication is part of the Budget Monitoring: Analysis of Budget Execution book series, which is published by IBSER as part of the MFSI-II project. The main purpose of the publication is to analyze the budget execution in January-June 2012. The analysis is based on the review of normative-legal framework on budget for April-August 2012, analysis of macroeconomic indicators in January-June 2012, and analysis of budget indicators in January-June 2012. The publication presents the results of the analysis of budget execution in January-June 2012, including the intake of revenues of consolidated and state budgets, financing of the state budget and state debt, analysis of expenditures and crediting of the consolidated and state budgets, and execution of local budgets. The publication also includes tables and graphs that illustrate the dynamics of budget revenues and expenditures, as well as the structure of budget revenues and expenditures. The analysis of budget execution in January-June 2012 reveals that the state budget revenues increased by 12.1% compared to the same period in 2011. The state budget expenditures also increased by 10.5% compared to the same period in 2011. The analysis of budget indicators shows that the state budget deficit decreased by 15.6% compared to the same period in 2011. The publication also presents the results of the analysis of local budget execution in January-June 2012, including the dynamics of local budget revenues and expenditures, as well as the structure of local budget revenues and expenditures. The analysis shows that the local budget revenues increased by 8.5% compared to the same period in 2011, while the local budget expenditures increased by 7.2% compared to the same period in 2011. The publication concludes that the implementation of the Performance Program Budgeting method has improved the effectiveness and transparency of using budget funds in Ukraine. However, the project also identifies areas for improvement, including the need to increase the transparency of budget execution and to improve the efficiency of budget expenditures. The publication is intended for policymakers, budget analysts, and other stakeholders who are interested in the analysis of budget execution in Ukraine. The publication provides valuable insights into the budget execution in January-June 2012 and highlights the areas for improvement in the budget management system in Ukraine.