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Component 1 of the Project aims to provide support to national institutions in enhancing budget preparation, implementation, and control. This encompasses various aspects, including strengthening capacities in the Ministry of Finance of Ukraine and other key spending units for the implementation of medium-term budgetary planning, and bolstering capacities regarding program-based budgeting, and the execution of spending reviews. Furthermore, efforts are directed towards aligning the Ukrainian accounting system with international standards. Lastly, this component seeks to strengthen capacities for public internal financial control, including the internal audit of public finances.

Component 3 of the Project concerns the strengthening of institutional and organisational capacity of public finance management system in the implementation and realisation of a modern strategy to promote the taxpayers’ compliance with the tax legislation; effective risk management; expanding the tax base, in particular by improving the exchange of tax information with other countries; harmonisation of tax and customs legislation of Ukraine with the EU law; introduction of the best world practices in the tax and customs spheres.

Component 4 of the Project will provide a support to the public financial management system in Ukraine on the development and implementation of modern methods of the human resource management, including anti-corruption measures, adaptation and automation of work processes, improvement of planning, implementation and monitoring of reforms.