EU for stronger public finance systems of local governments

During this nearly 3-year project, with a budget of EUR 3.16m, Human Dynamics will assist Ukraine in developing better public finance systems for local governments. In accordance with the Association Agreement, Ukraine is required to ensure the development of a budget policy and a sound structure of public internal financial control and external audit. This will be carried out on the basis of following strict international standards, which are compatible with the fundamental principles of accountability, transparency, efficiency and effectiveness. The project will support the further development and modernisation of Ukrainian legal framework, organisational set-up and operationalisation of some functions in the field, also in accordance with EU standards; it will contribute to the improvement of the quality of delegated responsibilities of local governments and ensure the sustainability of the decentralisation reform. Furthermore, the project will upgrade the Public Finance Management (PFM) system at the local and regional government-level and help to enforce a budget policy and its related legislations by local governments in Ukraine.