Government Action Plan approved: eight operational goals set for Ministry of Finance

The Government has approved the Action Plan of the Cabinet of Ministers of Ukraine and submitted the document to the Verkhovna Rada for consideration. The Plan was presented to the public and experts, incorporating numerous proposals following discussions.

For the Ministry of Finance, the document outlines eight operational goals, encompassing 13 specific tasks.

The implementation of these tasks will ensure sustainable funding for the security and defence sector, a predictable and transparent budget process, trust from international partners, access to EU resources, and Ukraine’s integration into the European public finance management system.

The operational goals for the Ministry of Finance, as defined in the Government Action Plan, are as follows:

Macro-financial stability and effective public finance management: Preparing the 2026 State Budget draft, taking into account national priorities under martial law and reconstruction needs, and developing a draft law on medium-term budget planning for investments. Collaboration with international partners to secure the necessary volume of external financing, fulfilling commitments and recommendations from the IMF, World Bank, and EU within the framework of the Ukraine Facility instrument.

Tax policy: Introducing automatic exchange of tax information with other countries in line with OECD standards, combating tax evasion, and improving procedures for mutual and preliminary pricing agreements in controlled transactions.

Public debt management: Engaging in dialogue with creditors, developing and implementing the 2026–2028 Public Debt Management Strategy, and establishing regulatory frameworks for the operation of the Debt Agency.

Customs reform: Overhauling the customs system to align with European standards, ensuring transparent procedures, swift and convenient processing, and the use of modern IT solutions. This includes drafting a new Customs Code.

Accounting, reporting, and auditing: Enhancing economic transparency and business trust by adopting modern standards for financial and non-financial reporting and auditing, including sustainability reporting. This involves updating legislation on corporate sustainability reporting and improving the quality of audit services.

Digitalisation of financial management: Integrating all public finance data into a single system using cloud technologies to ensure efficient, transparent, and secure management. Tasks include establishing a unified financial data administrator and implementing modern cloud-based solutions.

Financial monitoring and financial system security: Preparing legislation to join SEPA and implementing standards to combat money laundering and terrorist financing.

Reducing the state’s share in the banking sector: Developing procedures for engaging advisors to sell shares in state-owned banks in preparation for privatisation.

Additionally, the Government approved the 2025 Priority Action Plan during the meeting.