Ukraine inefficiently uses state-owned property and even has no full information about it, though this significant asset could become of great help to the government, according to experts from the International Monetary Fund (IMF).
“The portfolio of public assets is a source of significant value, whose potential the government does not currently use,” reads the Technical Assistance Report on Ukraine and the Public Financial Management Overview by the IMF dated March 2015.
According to the report, the total land is about 60 million hectares in Ukraine, of this state-owned land is about 47 percent and the rest is owned by the private sector and, to a lesser extent, by subnational governments. About 17 percent of the land is covered by forestry and agricultural land owned by the state is about ten million hectares.
The fund experts state there is no full information on the number of state-owned real estate objects, while their assessment is uncertain.
