The Ministry of Finance believes that this measure will strengthen financial discipline and improve the effectiveness of investment planning. According to Dina Roshka, Secretary General of the Ministry of Finance, after the legislative changes are enacted, government agencies will have to assess their financial needs much more carefully as early as the budget preparation stage.
“Given that we will be required to comply with the updated legal provision allowing for only one budget adjustment per year, government agencies must take this into account when planning. They need to more accurately determine their needs and review their commitments at the very beginning of the budget drafting process. While preparing this year’s Medium-Term Budget Program, we have already begun to reduce a number of commitments made by agencies by analyzing budget execution for 2025. “If, for certain projects, the rate of fund absorption remains low this year and has remained at that level for the past three to four years, there is no reason to expect a significant improvement next year. “Therefore, we will adopt a more balanced and cautious approach to planning as early as the development stage of the Medium-Term Budget Program,” Roshka stated in parliament.
It is worth noting that the state budget was amended three times during 2025. For a number of projects, it was not possible to utilize the allocated funds—whether from the state budget or from external sources of financing. The lowest level of implementation was recorded in projects related to road infrastructure and agriculture.
