OREANDA-NEWS. September 17, 2015. The Cabinet of Ministers of Ukraine has launched a web portal that enables to obtain detailed information about the use of public funds by government authorities.

At the present stage, the website affords to search transactions on the State Treasury accounts. In November another option will be available with updated information on the use of funds from the State Budget, local budgets, the Pension Fund and Social Insurance Fund. From 1 January 2016, the web portal will contain data about the expenditures of each state and municipal enterprises, thus, the use of the budget money will reach a maximum transparency level.

In the future it is planned to open access to data via API for analytical service developers.

“Transparency of public expenditures is among factors of a sound investment climate. Today Ukraine has made a huge step to ensure greater transparency of the budget,” comments Deputy Minister of Economic Development and Trade of Ukraine Yulia Klymenko.

The Web Portal is available at http://spending.gov.ua/