Budget system of Ukraine

In accordance with art. 8 of the Budget Code of Ukraine, the budget classification is used to prepare and execute State and Local budgets, report on their execution, control the financial activities of state authorities, authorities of the Autonomous Republic of Crimea, local governments, other budget Spending Units, conduct financial analysis by revenue, organisational, functional and economic categories of expenditures, lending, financing and debt, as well as to ensure general public comparison of the budget process.

The budget classification is mandatory for all participants of the budget process within the limits of their budget powers.

The Ministry of Finance of Ukraine is the central executive body that ensures the formation and implementation of the state financial and budget policy, approves the budget classification and amendments to it and informs about it the Verkhovna Rada of Ukraine.

The budget classification has the following components:

1. Revenues classification of budget
2. Expenditures and lending classification of budget
   • Functional classification of budget expenditures and lending
   • Economic classification of budget expenditures
   • Lending classification of budget
   • Agency classification of expenditures and lending for State Budget
   • Program classification of expenditures and lending for State Budget
3. Financing classification of budget
   • Financing classification of budget by creditor type
   • Financing classification of budget by debt liability type
4. Debt classification
   • Debt classification by creditor type
   • Debt classification by debt liability type
5. Local Budgets classification
   • Standard Agency classification of expenditures and lending for Local Budget
   • Standard Program classification of expenditures and lending for Local Budget
   • Reference books of Local Budgets

The budget classification was approved by the order of the Ministry of Finance of Ukraine dated 14 January 2011, No. 11 “On Budget Classification” and is available through the public API (Application Programming Interface).