The Cabinet of Ministers has approved the procedure for annual approval by the Ministry of Finance of key financial indicators for public sector enterprises.
This is stated in the message of the Ministry of Finance, the Ukrainian News agency reports.
"The approved procedure defines the mechanism for submitting financial indicators for consideration and approval by the Ministry of Finance for enterprises that are of strategic importance or are natural monopolies. These include enterprises where the state owns more than 50% of the shares and which generate a net profit of more than UAH 50 million,” the statement says.
It is noted that the adopted decision is aimed at increasing the efficiency of the work of state-owned enterprises and preventing the occurrence of fiscal risks associated with their activities.
According to the statement, the procedure determines:
- A clear list of financial indicators subject to approval.
- Model of evaluation of these indicators and decision-making conditions.
- A decision-making mechanism that allows approving indicators or refusing approval depending on the results of the evaluation of the integral indicator.
As the Ukrainian News agency earlier reported, in March, President Volodymyr Zelenskyy approved the law on improving the corporate governance of state-owned enterprises.
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