Verkhovna Rada of Ukraine Committee on Economic Development Reviews the Accounting Chamber’s Findings on the SPFU Annual Report for 2025
On 31 August, the Verkhovna Rada of Ukraine Committee on Economic Development considered the Accounting Chamber of Ukraine’s report on the results of the analysis of the Report on the Activities of the State Property Fund of Ukraine (SPFU) and the Progress of State Property Privatisation in 2025, insofar as it affects the execution of the State Budget.
Gennadiy Plis, Member of the Accounting Chamber of Ukraine responsible for the audit, noted during the meeting that the structure and content of the Report generally comply with the established requirements. It contains information on the planned and actual results of the implementation of the Fund’s annual tasks and their impact on the State Budget. At the same time, the Report does not compare these results with the SPFU’s strategic and annual goals.
Overall, according to the Report, in 2025 the SPFU secured more than UAH 9.5 billion in revenue to the State Budget.
Two of the five large-scale privatisation assets were sold, while the average sale price of small-scale privatisation assets was 2.7 times the starting price. Overall, privatisation revenues amounted to UAH 3.38 billion, 6% above the target. Revenues from the lease of state property amounted to UAH 970.6 million, while the management of state-owned corporate rights generated UAH 262 million. The largest amount of revenue – over UAH 4.5 billion – was generated through the sale of sanctioned assets. At the same time, the Report does not provide information on the value of the portfolio of sanctioned assets, details of their accounting, the costs of their administration, the economic potential of unsold assets, or the risks of their value declining.
According to Gennadiy Plis, the Report also does not contain a comprehensive assessment of the efficiency of managing business entities in the public sector of the economy. In particular, their total wage arrears increased to UAH 852.7 million; however, the Report provides no analysis of the reasons for this increase or for the growth in accounts receivable and accounts payable.
According to the SPFU, the implementation of the “Land Bank” project generated UAH 564.5 million in revenues for budgets at all levels in 2025. At the same time, the Report does not specify the amount of revenue received specifically by the State Budget or provide a corresponding target figure, as such a requirement is not envisaged by the Methodological Recommendations.
To address these shortcomings, the Accounting Chamber of Ukraine provided the Fund with four recommendations.
Dmytro Natalukha, Chairman of the State Property Fund of Ukraine, who participated in the Committee meeting, stated that the Fund was ready to take the Accounting Chamber’s recommendations into account and take appropriate measures based on the results of the analysis.
Following the discussion, the Verkhovna Rada of Ukraine Committee on Economic Development took note of the Accounting Chamber’s decision concerning the results of the analysis of the SPFU Report for 2025, insofar as it affects the execution of the State Budget, and decided to inform the Verkhovna Rada of Ukraine Committee on Budget accordingly.
Report on the Results of the Analysis of the Report of the State Property Fund of Ukraine for 2025, insofar as it affects the execution of the State Budget Press release:
Press release: https://rp.gov.ua/fdmu-zabezpeciv-ponad-95-mlrd-grn-do-byudzetu-odnak-iogo-zvit-potrebuje-posilennya-analiticnoyi-castini
