The Ministry of Finance fully implemented 742 acts, 46% of the total number of acts of EU law implemented by Ukraine, preparing for negotiations to join the EU.
The Ministry of Finance is responsible for four areas of negotiation: taxation, customs system, financial control, and financial and budget regulations. As part of the self-screening, the ministry processed more than 7,000 EU acts, and 25 are in the implementation process.
The Ministry of Finance is taking steps to improve customs and tax systems by bringing customs legislation into line with EU norms, ensuring simplification and standardization of customs procedures, and introducing an electronic system for monitoring the movement of goods. New laws are also being implemented to fight money laundering and strengthen monitoring and control over financial transactions.
Regarding public finance management, the Ministry of Finance is promoting the introduction of new procedures to prevent abuse and inefficient use of funds from the budget.