Budget classification

The Agency Classification of expenditures and lending for the State Budget, in accordance with para. 3 of art. 10 of the Budget Code of Ukraine, contains a list of Key Spending Units of the State Budget for the systematisation of national expenditures and lending to the budget (which primarily involve the implementation of measures to implement state policy with the participation of other authorities) on the basis of the Key Spending Unit.

Based on the institutional classification of State Budget expenditures and lending, the Treasury of Ukraine compiles and maintains a unified register of budget Spending Units and budget Recipients. The Key Spending Units of budget funds determine the network of lower-level budget spending units and budget recipients, taking into account the requirements for the formation of the unified register of budget spending units and budget recipients and the data in such a register.

Lending includes payments by budgets of all levels that result in financial claims to other economic units that require mandatory repayment, including the reserve fund of the state and local budgets, which are allocated on a repayment basis. The purpose of such payments is to implement economic policy, not to manage liquidity or generate income.

By its very nature, lending to the budget is not considered to be budget expenditures. As a result of lending from budget funds, borrowers incur liabilities to the budget, and these funds must be returned to the budget, which are budget resources that can be used for further lending or for expenditures.

The Agency Classification of expenditures and lending for the State Budget 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).