OREANDA-NEWS. August 06, 2013. The Government has approved the State Finances Management Strategy. The order was approved by the Cabinet of Ministers.

This legal act is intended to identify the main trends and ways of the State Finances Management Strategy until 2017.

To components of state finance management, the need of which is reflected in the draft strategy include:

State tax policy;

medium-term budget forecasting and planning, program-target method, strategic planning at the level of key spending units;

liquidity management of public finances and public debt;

quasi-fiscal operations;

a system of accounting in the public sector;

state procurement;

state investments;

state internal financial control;

independent external financial control;

anti-corruption in state finance;

public access to information on budget.

Content, composition, structure and amount of funds of projects of the Strategy and Action Plan for its implementation identified by the results of the meetings of the Working Group on public finance management, discussions at expert level of interested authorities and consultation with representatives of the European Commission program Sigma.

It is expected that an important consequence of the adoption of the act would be restoring of financial cooperation between Ukraine and the European Union in the framework of agreements on financing of sector budget support from the EU, which now include the provision on free and irrevocable basis to Ukraine's budget funds amounting to 210 million euros in 2013 - 2015 years to support the implementation of state policy in the areas of energy, energy efficiency, standardization, environmental protection, transport and border management.