Ministry of Finance (Ukraine) explained

Agency Name:	Ministry of Finance of Ukraine
Nativename:	Міністерство фінансів України
Jurisdiction:	Government of Ukraine
Headquarters:	12/2 Mykhailo Hrushevsky Street, Kyiv
Minister1 Name:	Serhiy Marchenko^[1] ^[2]
Minister1 Pfo:	Minister of Finance of Ukraine
Child1 Agency:	State Treasury Service
Child2 Agency:	State Customs Service
Child3 Agency:	State Tax Service
Child4 Agency:	State Service for Financial Monitoring

The Ministry of Finance of Ukraine (Ukrainian: Міністерство фінансів України) is the ministry of the Ukrainian government 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^[3] 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^[4]	Minister of Finance	Management of the Ministry
Denys Uliutin	First Deputy Minister of Finance	Inter-budgetary relations (state and local budgets), financing of security and defense, procuratorial authorities and separate  law enforcement, implementation of national programs of Ukraine-NATO cooperation
Yuriy Butsa	State Commissioner for public debt management	Commercial borrowing, EU macro-fiscal support and World Bank guaranteed loans
Alexander Kava	Deputy Minister of Finance	Financing of infrastructure projects
Roman Yermolychev	Deputy Minister of Finance	Expenditures of the budget of the humanitarian sphere, expenditures of the social sphere and authorities
Svitlana Vorobei	Deputy Minister of Finance	Ensuring the activities of the Ministry in the field of tax and customs policy, verification of government payments
Olga Zykova	Deputy Minister of Finance	Development and implementation of  unified state financial policy in the field of cooperation with foreign governments, foreign financial institutions, and international financial organizations.
Yuriy Draganchuk	Deputy minister of finance of Ukraine for European integration	Financial and customs policies, international cooperation and strategic planning in European integration, fuel and energy complex finance, property relations
Oleksandr Hrubiian	Deputy Minister of Finance of Ukraine for Digital Development, Digital Transformations and Digitalization	Development of digital transformations and digitalization
Dmytro Samonenko	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;

Deputy Minister, customs and taxation:

• 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;

Deputy Minister, energy and fiscal risks

• Department for fuel and energy;
• Department for industrial expenditure;
• Department for public debt management;
• Department for fiscal risks management;
• Department for cash management.

Deputy Minister, social and humanitarian affairs:

• Department for management of expenditure in humanitarian sectors;
• Department for management of expenditure in social sectors;
• Department for management of expenditure of government agencies.

Deputy Minister, defense and security:

• Department for management of expenditure on defense, state security and law enforcement.

Deputy Minister, financial policy and international cooperation

• Financial policy department;
• Department for international financial projects;
• Department for international cooperation.

State Commissioner for public debt management:

• Office of the State Commissioner for public debt management.

Acting State Secretary:

• Department for Human resources and organizational management;
• Department for submissions and procedural control;
• Department of IT and information systems;
• Administrative Office

Ministry agencies

There are several central executive agencies in Ukraine which report to the Cabinet of Ministers through the Minister of Finance.^[5] These include:

1. State Treasury Service;^[6]
2. State Tax Service;^[7]
3. State Customs Service;^[7]
4. State Financial Monitoring Service of Ukraine

^[8]

1. State Audit Service of Ukraine.^[9]

Note: Prior to 10 September 2014, the list of executive agencies under the Ministry of Finance also included the State Assay Service. This agency was closed down as part of the Government’s initiative to streamline the structure of executive agencies. Functions in assay control were split between the Ministry of Finance (implementing state assay control policy) and the State Service for Food Safety and Consumer Protection (protecting the rights of consumers of precious metals and gems).^[10]

Supporting establishments

• State gemological center of Ukraine^[11]
• State repository of precious metals and stones
• Museum of decorative and precious stones
• Kyiv 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 (Dnipro, Donetsk, Western, Crimean, Southern, Eastern, Central)

----

• Scientific-researching financial institute

List of ministers of finance of Ukraine

Name of parent agency	Name of minister	Term of Office
		Start	End
General Secretariat of Ukraine	Khrystofor Baranovsky	June 15, 1917	January 30, 1918
Council of People's Ministers	Stepan Perepelytsya	January 30, 1918	February 1918
	Petro Klymovych	February 1918	April 29, 1918
Council of Ministers (1918)	Anton Rzhepitskiy	April 30, 1918	December 14, 1918
Council of People's Ministers	Vasyl Mazurenko	December 26, 1918	January 1919
	Borys Martos	January 1919	February 13, 1919
	Mykhailo Kryvetsky	February 13, 1919	April 9, 1919
	Borys Martos	April 9, 1919	May 25, 1920
	Khrystofor Baranovsky	May 28, 1920	November 21, 1920
People's Secretariat	Stanislav Kosior	March 1918	April 1918
	Joachim Vatsetis	1918	September 1918
	Mikhail Bogolyepov	November 28, 1918	1918
Temporary Government of Peasants and Workers	Fridrikh Zemit	1918	1919
People's Secretariat	Mykola Lytvynenko	1922	1923
	Stepan Kuznyetsov	1923	1925
	Mykhailo Poloz	1925	1931
	Oleksandr Rekis	193?	193?
	Mykola Kurach	1937	1944
	Heorhiy Sakhnovsky	1944	1951
	?
	Mykola Shchetinin	1954	1954
Cabinet of Ministers of Ukrainian SSR	Anatoliy Baranovsky	1961	August 22, 1979
	Vasyl Kozeruk	August 22, 1979	March 6, 1987
	Ivan Zabrodin	March 6, 1987	1990
	Ivan Zaichuk	1990	1990
	Oleksandr Kovalenko	August 2, 1990	August 24, 1990
Cabinet of Ministers of Ukraine	Oleksandr Kovalenko	August 24, 1990	October 29, 1991
	Hryhoriy Piatachenko	October 29, 1991	July 6, 1994
	Petro Hermanchuk	July 6, 1994	June 18, 1996
	Valentyn Koronevsky	June 18, 1996	February 25, 1997
	Ihor Mityukov	February 26, 1997	December 27, 2001
	Ihor Yushko	December 27, 2001	November 26, 2002
	Mykola Azarov	November 26, 2002	February 3, 2005
	Viktor Pynzenyk	February 4, 2005	August 4, 2006
	Mykola Azarov	August 4, 2006	December 18, 2007
	Viktor Pynzenyk	December 18, 2007	February 17, 2009
	Ihor Umansky (acting)	April 8, 2009	March 11, 2010
	Fedir Yaroshenko^[12]	March 11, 2010	January 18, 2012
	Valeriy Khoroshkovsky^[13]	January 18, 2012	February 22, 2012^[14]
	Yuriy Kolobov^[15]	February 28, 2012	27 February 2014
	Oleksandr Shlapak	27 February 2014	2 December 2014
	Natalie Jaresko^[16]	2 December 2014	14 April 2016^[17]
	Oleksandr Danylyuk	14 April 2016	7 June 2018^[18]
	Oksana Markarova^[19]	22 November 2018	4 March 2020
	Ihor Umansky	4 March 2020^[20]	30 March 2020^[21]
	Serhiy Marchenko	30 March 2020	Incumbent

See also

• National Bank of Ukraine

External links

• Official Website of the Ukrainian Ministry of Emergencies
• MinFin Ukraine - Official Twitter account of the Ministry of Finance of Ukraine

Notes and References

1. Web site: Нардепи провалили призначення нових міністрів: фінансів та МОЗ . Українська правда . 30 March 2020 . uk . 2 April 2024.
2. Web site: Parliament rejects appointment of former deputy head of presidential administration Marchenko as finance minister . Interfax-Ukraine . 30 March 2020 . 2 April 2024.
3. https://www.minfin.gov.ua/page/polozhennja-pro-ministerstvo-finansiv-ukraini Положення про Міністерство фінансів України, затверджене постановою Кабінету Міністрів України від 20 серпня 2014 р. № 375
4. Web site: Міністерство Фінансів України. mof.gov.ua.
5. Presidential Decree of December 9, 2010 № 1085/2010 «Про оптимізацію системи центральних органів виконавчої влади» [On the optimization of the system of central executive bodies]
6. Web site: Про затвердження Положення про Державну казначейську службу України. Офіційний вебпортал парламенту України. Oct 14, 2022.
7. Web site: Про затвердження положень про Державну податкову службу України та Державну митну службу України. Офіційний вебпортал парламенту України. Oct 14, 2022.
8. Web site: Про Положення про Державну службу фінансового моніторингу України. Офіційний вебпортал парламенту України. Oct 14, 2022.
9. Web site: Decree of the Cabinet of Ministers of Ukraine of 20 October 2019 № 879. zakon.rada.gov.ua.
10. Web site: Про оптимізацію системи центральних органів виконавчої влади. Офіційний вебпортал парламенту України. Oct 14, 2022.
11. Web site: State Gemological Centre of Ukraine . www.gems.org.ua.
12. http://unian.net/eng/news/news-366951.html VR approved structure of Cabinet of Ministers (update)
13. http://www.kyivpost.com/news/politics/detail/120811/ Yanukovych dismisses Khoroshkovsky from military service
14. http://www.interfax.com.ua/eng/main/95626/ Khoroshkovsky dismissed as finance minister, appointed first deputy prime minister
15. http://www.kyivpost.com/news/nation/detail/123311/ Yanukovych appoints Kolobov as finance minister
16. http://en.interfax.com.ua/news/general/237576.html Rada supports coalition-proposed government lineup
17. http://www.unian.info/politics/1319232-new-cabinet-formed-in-ukraine.html New Cabinet formed in Ukraine
18. https://www.unian.info/m/politics/10145168-oksana-markarova-appointed-ukraine-s-acting-finance-minister.html Oksana Markarova appointed Ukraine's acting finance minister
19. https://www.unian.info/m/politics/10348734-ukraine-parliament-appoints-markarova-friz-ministers.html Ukraine parliament appoints Markarova, Friz ministers
20. Web site: Ukrainian lawmakers vote to appoint Ihor Umansky as new finance minister. Reuters. March 4, 2020. March 5, 2020.
21. Web site: Ukraine's Rada sacks health, finance ministers amid virus crisis. www.unian.info. Oct 14, 2022.