Foreign partners provided Ukraine with UAH 495 billion in 2022 to cover priority expenditures through the World Bank's PEACE Project
-
About Ministry
- Recruitment
-
Accountable agencies
- State Enterprises and Institutions Belonging to the Sphere of Management of the Ministry
- State Service for Financial Monitoring
- State Treasury
- The State Audit Service of Ukraine
- State Tax Service of Ukraine
- State Customs Service of Ukraine
- Personnel Audit Procedures of State Customs Service
- State Tax University
- Minfin Panel
-
Policy Issues
-
Accounting and Auditing
-
Accounting
-
Introduction of International Financial Reporting Standards
- Translation of international financial reporting standards of 2024
- Translation of international financial reporting standards of 2023
- Translation of the 2022 International Financial Reporting Standards and the Conceptual Framework for Financial Reporting
- Archive of translations
- Taxonomy
- Translation of technical publications
- General Clarifications (filled in after the preparation of the relevant letters of explanation)
- Accounting in Private Sector
- Accounting in the Public Sector
- Methodological Accounting Council under the Ministry of Finance of Ukraine (download a short description)
- IFRS Council under the Ministry of Finance of Ukraine (download a short description)
-
Introduction of International Financial Reporting Standards
- Auditing
-
Accounting
-
Debt policy
- Overview
- Debt News
- Debt Statistics
- Domestic Bonds
- Primary Dealers
- Eurobonds
- Credit Rating
- Investor Relations
- Financial Policy
- National income strategy
-
Financial Monitoring
- Statements and reports of international organizations
- Legislation
- International standards
- Methodological assistance (recommendations and explanations)
- Education, trainings and seminars
- Samples of drawing up a schematic representation of the ownership structure
- List of states (jurisdictions) that do not comply or improperly implement the recommendations of international and intergovernmental organizations involved in the field prevention and counteraction
- List of persons to whom sanctions have been applied
- List of terrorists
- Send a report on violation of the legislation in the field of prevention and counteraction to legalization (laundering) of proceeds from crime, terrorist financing and financing of proliferation of weapons of mass destruction
- Methodology for determining the ultimate beneficial owner by a legal entity
-
International Cooperation
- Partners
-
Cooperation in Attracting Financing from the International Financial Institutions
- Procedure for attracting funds of International Financial Institutions
- World Bank
- EBRD
- EIB
- Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
- KFW
- Register of Joint IFIs Projects at the Stage of Preparation and Implementation (information)
- International Technical Assistance (within the competence of the Ministry of Finance)
- Monitoring of international technical assistance projects
- Cooperation with the Development Partners
- International Tax Relations
- Development of Public Internal Financial Control (PIFC)
-
Public investment management
- Regulatory documents
- Implementation of the roadmap for reforming the management of public investments
- Unified portfolio of public investment projects (list of priority public investment projects)
- Interdepartmental working group on reforming the public investment management system
- Reference information
- Other Areas of Public Policy
- Public Finance Management Strategy (PFMS)
- Strategic Plan
-
Accounting and Auditing
-
Legislation
-
Regulatory Activity
- reports_on_the_effectiveness_of_regulatory_acts_2024
- The activity plan for the preparation of the regulatory acts draft 2024
- Schedule of measures to monitor the effectiveness of regulatory acts 2024
- reports_on_the_effectiveness_of_regulatory_acts_2023
- The activity plan for the preparation of the regulatory acts draft 2022
- Schedule of measures to monitor the effectiveness of regulatory acts 2023
- Reports on the effectiveness of regulatory acts 2022
- The activity plan for the preparation of the regulatory acts draft 2022
- Schedule of measures to monitor the effectiveness of regulatory acts 2022
- Reports on the effectiveness of regulatory acts 2020
- The activity plan for the preparation of the regulatory acts draft 2021
- Schedule of measures to monitor the effectiveness of regulatory acts 2021
- Reports on the effectiveness of regulatory acts 2020
- The activity plan for the preparation of the regulatory acts draft 2020
- Schedule of measures to monitor the effectiveness of regulatory acts 2020
- Reports on the effectiveness of regulatory acts 2019
- The activity plan for the preparation of the regulatory acts draft 2019
- Schedule of measures to monitor the effectiveness of regulatory acts 2019
- Reports on the effectiveness of regulatory acts 2018
- The activity plan for the preparation of the regulatory acts draft 2018
- Schedule of measures to monitor the effectiveness of regulatory acts 2018
- Reports on the effectiveness of regulatory acts 2017
- The activity plan for the preparation of the regulatory acts draft 2017
- Schedule of measures to monitor the effectiveness of regulatory acts 2017
- Reports on the effectiveness of regulatory acts 2016
- The activity plan for the preparation of the regulatory acts draft 2016
- Schedule of measures to monitor the effectiveness of regulatory acts 2016
- Reports on the effectiveness of regulatory acts 2015
- The activity plan for the preparation of the regulatory acts draft 2015
-
Draft Regulatory Acts Discussion
- Regulatory acts draft for discussion 2024
- Regulatory acts draft for discussion 2023
- Regulatory acts draft for discussion 2022
- Regulatory acts draft for discussion 2021
- Regulatory acts draft for discussion 2020
- Regulatory acts draft for discussion 2019
- Regulatory acts draft for discussion 2018
- Regulatory acts draft for discussion 2017
- Regulatory acts draft for discussion 2016
- Regulatory acts draft for discussion 2015
- Draft Legislation
-
Regulatory Activity
-
Data
- Cooperation with Civil Society
- Press Center
The Ministry of Finance of Ukraine publishes detailed information on the State Budget expenditures of 2022, which were reimbursed by the foreign partners under the World Bank's Project Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE in Ukraine).
The purpose of the PEACE in Ukraine Project is to partially compensate for state budget expenditures, including social and humanitarian expenditures not related to the security and defense sector.
So, international donors have provided Ukraine with USD 14.5 billion under the PEACE Project to reimburse priority expenditures in 2022:
- the United States - USD 11.7 billion (grants);
- the United Kingdom - USD 1.45 billion (guarantees);
- the World Bank - USD 727.8 million (loans);
- Germany - USD 264.5 million (grants);
- Italy - USD 200.5 million (loan);
- Spain - USD 50.1 million (grants);
- Denmark - USD 30.9 million (guarantees);
- Finland - USD 21.3 million (grant);
- Ireland - USD 21.1 million (grant);
- the Netherlands – USD 20.3 million (guarantees);
- Latvia – USD 10.4 million (guarantees);
- Lithuania - USD 10 million (guarantees) and USD 3.2 million (grant);
- Switzerland - USD 10.3 million (grant);
- Belgium - USD 3.1 million (grant);
- Iceland - USD 1.6 million (grant).
In total, in 2022, Ukraine received UAH 495.2 billion in external financing under the Project, including financing:
-
Pensions for more than 9 million pensioners (UAH 199.5 billion);
-
Assistance for 1.6 million internally displaced persons (UAH 40.5 billion);
-
Housing subsidies for 1.6 million families (UAH 15.9 billion);
-
Childbirth assistance for 750 thousand families (UAH 8.9 billion);
-
Salaries for 515 thousand healthcare workers (UAH 45.2 billion), 503 thousand school teachers (UAH 69.9 billion), 140 thousand teachers of higher education institutions (UAH 18.5 billion).
The Ministry of Finance of Ukraine is the responsible authority for the PEACE in Ukraine Project implementation. Jointly with the World Bank, the Ministry of Finance ensures the transparency of the attraction and use the funds provided by the development Partners. The Ministry of Finance monitors the use of direct budget support from the U.S. Government together with Deloitte Consulting, which implements the USAID SOERA project, and performs a verification according to agreed procedures to determine the eligible public expenditures made by Ukraine in 2022 under the Project with the auditing company PriceWaterhouseCoopers Ukraine.
The Ministry of Finance is also taking measures to audit the PEACE in Ukraine Project, in particular with the participation of the Accounting Chamber.
"Financial support from partners under the World Bank PEACE in Ukraine Project has been crucial in ensuring humanitarian and social expenditures during the war. At the same time, responsible use of donor funds is an absolute priority for the Ministry of Finance, as the trust of our partners is our key asset. Constructive cooperation with the World Bank and USAID teams helps to optimize and strengthen the monitoring, verification and reporting systems of the Government of Ukraine on the use of donor funds," said Minister of Finance of Ukraine Sergii Marchenko.
To increase the transparency and accountability of the use of external financing, the Ministry of Finance has prepared an analytical tool (“dashboard”) containing detailed information on budget expenditures in 2022 under the PEACE in Ukraine project.
Additional information:
The procedure for reimbursement of budget expenditures under the PEACE in Ukraine Project:
1. Payments from the general fund of the State Budget that meet the terms of the Project (salaries, social benefits, etc.)
2. Central authorities and the Treasury provide the Ministry of Finance with relevant reports
3. The Ministry of Finance verifies the information provided
4. The Ministry of Finance sends aggregated reports on expenditures to the World Bank
5. After verification of the data, the World Bank reimburses the amounts of expenditures to the general fund of the State Budget