The counting chamber publishes its report

Upon the findings revealed during the value-for-money audit of the governmental departments dealing with allocation of funds for development of the agricultural industry, the counting chamber states scanty funding, insufficient legal framework, inadequate  organizational  measures undertaken that have had a negative impact on efficient use of funds, the accounting chamber’s press-office reports.

Due to improper treasury processing of the money earmarked by the government and mistakes made by the Ministry of Agrarian Policy and Food when managing and using these funds, particular tasks and assignments specified were not fulfilled, thus, the money was not used for purpose intended.

Only 22% out of total amount of funds allocated by the government to finance the development of the agricultural sector was used within a period specified.

Meanwhile, natural persons engaged in agricultural production and animal husbandry have received 545 million hryvnias (45%), while legal persons (enterprises of various ownership) -641 million hryvnias (55%).

The accounting chamber board noted that the system of government support to the agricultural sector introduced in Ukraine has not become efficient, firstly, due to shortage of money. Significant decrease in funds allocated for this purpose results in a less number of enterprises financed by the government.

This occurs due to shortcomings of the legal framework some enactments of which contain restrictive rules and sometimes deprive small and medium-sized agricultural companies of the right to get a government financial aid.