OREANDA-NEWS. July 03, 2012. Ministry of Finance of Ukraine implementing the Budget and Aid Management Project (BAM Project) funded by the Swedish International Development Agency (SIDA) has conducted a Medium Term Forecasting Workshop.

The workshop was attended by officials of the Ministry of Finance of Ukraine, Ministry of Economic Development and Trade of Ukraine and Ministry of Finance of Sweden.

The workshop had budget officials discussing the agreement between macroeconomic and budget forecasting in Ukraine and sharing their opinions about introducing a budget and economic and social forecasting integrated model, and modeling specific revenues from certain taxes.

Swedish counterparts have also presented instructions as to possible ways to improve macroeconomic and budget forecasting in Ukraine.

Proceeding from the above, the workshop that was held has not only enabled to review crucial mid-term forecasting issues but also get a knowledge of another country’s public finance management practice.