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Denis Ulyutin: for the Ministry of Finance, the Reform of Fiscal Decentralization Remains One of the Priority Areas 

On September 24, the final meeting of the Steering Committee of the Project «EU for Stronger Public Finance Systems of Local Governments (LOGICA) » was held by the First Deputy Minister of Finance Denis Ulyutin.  The results of almost 3 years of work were summed up during the meeting. 

The project's experts and representatives of the Ministry of Finance discussed the final report on the status of the Project implementation for each of the components.

«The Ministry of Finance is extremely grateful to the EU Delegation for the implementation of the LOGICA project, and to the Project team for their expert support. The reform of fiscal decentralization remains one of the priority areas of work for us and a necessary component of improving the public finance management system as a whole, " - said First Deputy Minister of Finance Denis Ulyutin.

The development of the information-analytical system "LOGICA", which is designed to increase the level of automation of budget documents preparation, data processing and information exchange between local budgets and the Ministry of Finance, was one of the main results of the Project. This system will significantly increase the analytical capacity for public finance management at the local level.

The Ministry of Finance is ready to launch the replication of IAS "LOGICA", for which the appropriate funding was promptly allocated from the state budget.

In addition, based on the results of the Project, priority areas for further development of the finance management system for the local level were identified.