Ministry of Finance (Ukraine)
The Ministry of Finance of Ukraine is a central executive agency in Ukraine charged with developing and implementing national financial and budget policies, and with defining national policies in customs and taxation. The ministry is responsible for ensuring that the state has enough resources to perform its functions and that financial policies promote economic growth.
Role
Specific tasks that the ministry has to perform include:- regulating financial, budgeting, customs and taxation affairs,
- regulating administration of Ukraine’s single social insurance tax;
- defining state policy for combating violations of tax and customs law;
- defining state policy for combating laundering proceeds from crime and financing of terrorism; cooperating with the Financial Action Task Force on Money Laundering and other international organisations in this area;
- regulating issues related to financial control, state treasury administration of public funds, accounting and accounting standards, running lotteries, issuing securities and strict accounting documents, handling of precious metals and gems;
- analysing and forecasting public revenue, drafting mid-term Budget Declarations and annual Budget Laws;
- coordinating implementation of the State Budget;
- setting guidelines for budget planning; enhancing effectiveness of public financial management;
- managing public and state-guaranteed debt;
- regulating intergovernmental fiscal relations; greenlighting sub-national borrowing and provision of debt guarantees by local governments;
- informing general public on economic and fiscal policies of the state, as well as on the results of implementing the state’s budget;
- assessing financial viability of regional development projects;
- management of state-owned banks;
- defining and implementing national policy on development of financial services, development of state-owned banks, other financial institutions;
- cooperating with the International Monetary Fund and other international financial organisations.
Senior leadership
| Incumbent | Position | Portfolio |
| Serhiy Marchenko | Minister of Finance | |
| Yuriy Butsa | State Commissioner for public debt management | Commercial borrowing, EU macro-fiscal support and World Bank guaranteed loans |
| Andriy Gradil | Deputy Minister of Finance | Defense, law enforcement and state security spending |
| Yuriy Heletiy | Deputy Minister of Finance | Management and development of state-owned banks and non-bank institutions, public investment and innovations |
| Yuriy Dzhygyr | Deputy Minister of Finance | Public spending on health, education, science, culture, sports, social protection and care; expenditure of state executive agencies. |
| Serhiy Verlanov | Deputy Minister of Finance | Taxes and customs, monitoring of payments, revenue forecasting, accounting standards, strict accounting documents and assay supervision; |
| Vasyl Shkurakov | Deputy Minister of Finance | Fuel and energy finances, public debt policy, cash manaОлена gement |
| Olena Bohachova | Acting State Secretary | Organisational development, HR management, information systems and technologies, administrative management |
Structure
Minister of Finance:- Minister’s Office;
- Department for Strategic planning and European integration;
- State budget department;
- Local budgets department;
- Department for harmonization of state internal financial control;
- Department of financial and economic affairs, accounting and financial reporting;
- Department public and government relations;
- Legal department;
- Department for analysis and communications;
- Internal audit department;
- Anti-corruption department;
- Mobilisation department;
- Classified records office;
- Department for taxation policy;
- Department for database monitoring and verification of budget payments;
- Department for revenue forecasting and accounting standards;
- Department for assay control and strict accounting documents;
- Department for fuel and energy;
- Department for industrial expenditure;
- Department for public debt management;
- Department for fiscal risks management;
- Department for cash management.
- Department for management of expenditure in humanitarian sectors;
- Department for management of expenditure in social sectors;
- Department for management of expenditure of government agencies.
- Department for management of expenditure on defense, state security and law enforcement.
- Financial policy department;
- Department for international financial projects;
- Department for international cooperation.
- Office of the State Commissioner for public debt management.
- Department for Human resources and organizational management;
- Department for submissions and procedural control;
- Department of IT and information systems;
- Administrative Office
Central executive agencies which report to the Cabinet of Ministers through the Minister of Finance
- State Treasury Service;
- State Tax Service;
- State Customs Service;
- State Service for Financial Monitoring;
- State Audit Service of Ukraine.
Supporting establishments
- State gemological center of Ukraine
- State repository of precious metals and stones
- Museum of decorative and precious stones
- Kiev Offset Factory
- Main planning and service center of computer financial technologies
- Administration in exploitation of assets complex
- Recreation site Koncha-Zaspa
- Administration Office in International Financial Cooperation projects
- Assay Control State Offices
- Scientific-researching financial institute
List of ministers of finance of Ukraine