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Ministry of Finance: 100 days of the Government – stable finances, transparent investments, path to the EU

Ministry of Finance of Ukraine, posted 27 October 2025 10:44

In the first 100 days of the Government under Prime Minister Yulia Svyrydenko, the Ministry of Finance team, led by Sergii Marchenko, has ensured the resilience of state finances, transparency in investment management, continued productive cooperation with international partners, and the systematic implementation of Euro-integration reforms.

Resilient Budget and Macrofinancial Stability

The Ministry of Finance has ensured the timely preparation and submission of the draft State Budget for 2026, which guarantees stable funding for defence, social programmes, education, and the economy even under wartime conditions. The draft state budget is currently being refined by the Government ahead of its second reading, in line with the conclusions and proposals of Parliament.

Priorities of the 2026 budget draft:

  • defence – UAH 2.8 trillion (27.2% of GDP);
  • veterans’ policy – UAH 18.9 billion (+ UAH 6.1 billion);
  • social protection – UAH 467.1 billion (+ UAH 45.3 billion);
  • education – UAH 265.4 billion (+ UAH 66.5 billion);
  • science – UAH 19.9 billion (+ UAH 5.4 billion);
  • healthcare – UAH 258 billion (+ UAH 38.2 billion);
  • economic support – UAH 50.5 billion;
  • agricultural sector support – UAH 13.1 billion (+ UAH 3.5 billion).

Attracting International Assistance

The Ministry of Finance has ensured a steady inflow of external funding: USD 13.2 billion over the last three months, and USD 36.9 billion in budgetary support since the beginning of 2025.

The funds received have been directed towards salaries and other social payments, healthcare, support for internally displaced persons, the agricultural sector, infrastructure reconstruction, and military needs.

Work has begun with the IMF on a new medium-term programme, as well as with the EU on launching the Reparations Loan instrument using revenues from frozen russian assets.

Transparent Management of Public Investments

The Single Project Pipeline (SPP) has been approved – a digital tool that for the first time consolidates all state investment programmes and projects that could potentially receive funding from the budget, international assistance, or other sources.

The SPP includes 149 programmes and projects with a total value exceeding USD 269 billion – a consolidated register of all initiatives that could be implemented in the future. Based on this portfolio, 66 projects and programmes totalling UAH 109.3 billion have been incorporated into the draft State Budget for 2026.

Customs Reform: European Standards and Integrity

The Ministry of Finance has prepared a draft new Customs Code of Ukraine based on EU legislation, which has been endorsed by the Government and submitted for official assessment by the European Commission. A working group has been established for public consultations on the text of the new Code.

A medium-term action plan has been approved to achieve the objectives of reforming customs authorities as part of implementing the National Revenue Strategy until 2030.

An open competition for the position of Head of the State Customs Service has been launched. The Government has approved the composition of the selection commission, which has published the selection timeline and draft Rules of Procedure.

To enhance Ukraine’s defence capabilities, the military “customs-free” regime (Form 302) has been extended to all Defence Forces. This decision aims to streamline customs procedures for the movement of military equipment and other goods in the context of international cooperation, particularly with EU and NATO member states.

Implementation of measures to enhance integrity and reduce corruption risks in customs authorities continues: attestation has been introduced, along with a new remuneration system, annual integrity declarations, polygraph testing, and the use of body cameras.

Modern Tax Policy

The Ministry of Finance has begun preparations for Ukraine’s accession to the Multilateral Competent Authority Agreement (DPI MCAA) for the automatic exchange of information on income from digital platforms. This will strengthen international cooperation, reduce tax evasion, and ensure fairness in the digital economy.

Harmonisation of Accounting and Auditing with EU Legislation

Ukraine is actively reforming its accounting and auditing system, aligning it with EU legislation and standards – the Government has approved draft laws on introducing sustainability reporting (ESG/ESRS) and assurance of such reporting.

The development and adoption of these laws are key objectives of the Strategy for Implementation of Sustainability Reporting by Enterprises. This is an important component of Euro-integration that will enhance the investment attractiveness of Ukraine and meet modern sustainability requirements.

Harmonisation of Financial Monitoring with EU Standards and Accession to SEPA

The Ministry of Finance has prepared a package of draft laws for Ukraine’s accession to the Single Euro Payments Area (SEPA). This will enable citizens and businesses to make international transfers in euros quickly, without additional fees, and under unified EU rules. The draft laws will also update legislation on anti-money laundering and counter-terrorism financing in line with EU and FATF standards.

Support for Micro-, Small, and Medium-Sized Businesses

Under the State Programme “Affordable Loans at 5-7-9%”, implemented by the Business Development Fund, entrepreneurs received more than 6,600 loans totalling UAH 16.9 billion in July–October 2025.

Thanks to the portfolio-based state guarantees instrument, entrepreneurs entered into loan agreements for business development worth approximately UAH 6 billion in loans during July–September 2025.

Preparations for the privatisation of state-owned banks have also begun. Reducing the state’s share in the banking sector is one of the Ministry of Finance’s priorities in the Government’s Action Plan.

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