State support of investment projects will be more effective. This was stated by the MP from UKROP Oleksandr Dubinin, commenting on Parliament’s adoption of the draft law “On investment activity” (on public investment projects) (№ 5105) on March, 23, co-authored by him. .
The bill, in particular, stipulates that support from the state budget may be provided only for implementation of investment projects and not for their development, as it was before. According to the document, investment projects, selected for receiving funding from the state budget, are sent to the Ministry of Economy, which monitor their implementation and effectiveness of the use of public funds basing on the reports of the entities involved in investment activities.
“Thus the possibility of corruption is legislatively eliminated: as beforehand public funds could be used for the development of investment projects that could not even reach the implementation stage and had no effect for the real economy. Now the state will control implementation of the project and the final result,” said Oleksandr Dubinin.
