OREANDA-NEWS. On July 15, 2009 The Ad Hoc Privatization Supervisory Panel recognized the Work of the State Property Fund of Ukraine regarding Fulfillment of the State Privatization Program in 2008 as Unsatisfactory, reported the Official website portal.rada.gov.ua.

The participants of the meeting stated that for the accounting period, the Fund had been working in the complicated political conditions. "The lack of understanding between the branches of executive authority, different political forces created a situation, when the State Privatization Program had not been ratified, and the Fund had been working in the legislative framework that failed to correspond to the current economic situation", - stated the People?s Deputies.  
 
The Law on the State Budget for 2008 envisaged UAH 8 billion 924 million 114.4 thousand as a budgeted revenue from the privatization of State property. However, on 12 December 2008, the   budgeted revenue from the privatization to the State Budget of Ukraine was reduced by 14,7 times - to UAH 607 million 145 thousand.
 
The members of the Panel believe that the organizational work of the Fund regarding provision and conduct of the State property privatization was inefficient. The number of loss-making enterprises under the competence of the State Property Fund of Ukraine has grown by two times for the accounting period.  
 
The People?s Deputies also stated that the State Property Fund of Ukraine and its regional departments failed to secure the due level of supervision over the register of State property objects, State property lease agreements and their renegotiation. 
 
For 2008, the budgeted revenue from the lease of State property was fulfilled for 124 per cent.
 
The participants of the meeting resolved to recommend that the Cabinet of Ministers brought forward the proposals concerning amendment of legislation in the part of enhancement of responsibility of public officials for the efficient fulfillment of functions related to the administration of corporate rights.    
 
The Panel intends to address the Chairman of The Verkhovna Rada of Ukraine with a request to commission the Accounting Chamber to conduct the complete audit of activity of the State Property Fund of Ukraine for 2009.