During the presentation of the report on the effectiveness of the government financial management in Ukraine, issued by the World Bank and the European Union, the head of the assistance programs in Ukraine – the coordinator for cooperation of the EC Delegation to Ukraine Andrew Rasbash said that the progress in public financial management is important for the EU-Ukraine relations, ForUm correspondent reports.

"Thus, the current report of the World Bank should become an instrument of strengthening the internal and external budgetary control to get the EU fiscal and macro-financial assistance," the official said.

He added that the Finance Ministry of Ukraine is implementing two big projects at the expense of the World Bank funds. The project of the public finance modernization helps to promote business processes and the financial management in the Finance Ministry, the State Treasury and the State Financial Inspection. The project of the State Tax Service modernization is aimed at improving the efficiency of tax administration and promoting voluntary compliance with the fiscal laws.

The technical assistance to Ukraine is provided for the public debt management sector and budgetary forecasting (under the agreements with the EU), the overall debt management (U.S. Treasury), capital budgeting (WB) and others, Rasbash said.


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