The European Union will provide Ukraine with €29.5 million to support customs and tax reforms

Евросоюз выделит Украине €29,5 миллионов на поддержку таможенной и налоговой реформ

Central Agency of project management, the delegation of the European Union to Ukraine, Ministry of Finance of Ukraine, State fiscal service and the State tax service has started to implement a program for the management of public finances. About it reported in a press-service of the Ministry of Finance of Ukraine.

It is noted that trained four-year strategy of public Finance management, which was adopted in February 2017.

“This year we analyzed the execution of the Strategy, and year-end plan updates. Our analysis shows that in some events we lack the ability to effectively and quickly implement important changes. Therefore, the assistance programme of the EU PFMS – EU4PFM is an essential element for the implementation of the Strategy will strengthen our ability to implement changes that we believe are highly important. Today we launch the third and fourth components of this program, which is aimed?? to support tax and customs reforms and capacity-building of public financial management. Assistance under this component is important due to the fact that today the reform of the DFS is a priority of the Ministry. Yes, we have already begun the creation of a new State tax service requires the definition of new business processes, new system of work”, – said the head of the Ministry of Finance Oksana Markarova.

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It is reported that the components of the Program aimed at supporting tax and customs reforms and capacity development in public financial management. Stated that the European Union will allocate 29, 5 million Euro, the total budget is 55 million euros. To complete the implementation of the program plan in 2022.

In addition, the Ministry of Finance for several months will receive support under another part of the project EU4PFM.