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EU Public Finance Management Support Programme for Ukraine

Management Consulting
24 - , Kyiv, Khmelnytskyi Oblast, Ukraine, 01054, Kyiv, Khmelnytskyi Oblast
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About EU Public Finance Management Support Programme for Ukraine

The EU Public Finance Management Support Programme for Ukraine (EU4PFM) is a comprehensive initiative aimed at enhancing Ukraine's public finance management system. Here are key aspects of the program: ## Overview - Objective: The primary goal of EU4PFM is to improve public finance management in Ukraine, which in turn enhances public service delivery and the business climate[3][4]. - Implementation: Launched in 2019, the program involves collaboration between the European Union, the Ministry of Finance of Ukraine, and other relevant Ukrainian institutions[1][3]. ## Components and Activities - Budget Process Modernization: Supports national institutions in improving budget preparation, implementation, and control[4]. - Public Procurement: Enhances the public procurement system in Ukraine[4]. - Revenue Mobilization: Develops a modern and efficient tax collection system[4]. - Horizontal Functions and Governance: Strengthens organizational management capabilities of financial institutions[4]. - External Audit and Parliamentary Oversight: Improves accountability for public funds[4]. ## Achievements and Recent Developments - Open Data Platforms: EU4PFM has supported the translation of public finance data platforms into English, enhancing transparency[3]. - Customs Harmonization: Ongoing efforts to harmonize customs IT systems with European standards in preparation for EU accession[3]. - Extension and Expansion: The program has been extended until December 31, 2025, with further extensions in the customs stream until December 31, 2026[4]. ## Partners and Funding - Partners: Includes the Ministry of Finance, Ministry of Economy, State Tax Service, State Customs Service, and the Accounting Chamber of Ukraine[4]. - Funding: Initially allocated 55 million euros, with ongoing support from the European Union[1][4].

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