This Resolution of the Cabinet of Ministers of Ukraine No. 784 dated June 17, 2026, introduces technical and substantive amendments to two key documents regulating the financing and conduct of geological exploration works in Ukraine. The primary objective of these changes is to update terminology, clarify financing mechanisms, and expand the list of works that may be performed at the state’s expense. Furthermore, a new mechanism has been introduced for the completion of works that are not included in the State Program for the Development of the Mineral Resource Base, to be funded at the contractor’s own expense.
### Structure and Key Changes
The Resolution consists of two main blocks of changes:
1. **Amendments to the Procedure for Conducting Geological Exploration Works (Resolution No. 83):** Terminology has been clarified (replacing “financial year” with “budget period”), a provision has been added regarding the possibility of completing works at the contractor’s initiative and at their own expense if such works are not provided for by the state program, and the annex containing an exhaustive list of works financed from the budget has been updated.
2. **Amendments to the Procedure for the Use of Funds (Resolution No. 301):** The name of the budget program has been updated, the directions for the use of funds have been specified (in particular, technical re-equipment of industry enterprises has been added), and accounting and treasury service procedures have been brought into compliance with current legislation.
### Important Provisions for Practical Application
* **Financing of Works:** The updated list of works (Annex 1 to Procedure No. 83) clearly defines what the state considers a priority: from geological mapping and groundwater monitoring to the maintenance of core storage facilities and the decommissioning of wells. This is significant for enterprises applying for budget funding.
* **Mechanism for Completion of Works:** An important innovation is the contractor’s right to complete works at their own expense if they are not included in the State Program until 2030. This allows businesses to finalize initiated research without waiting for budget allocations; however, such expenses shall not be reflected in measurement reports as state expenditures.
* **Technical Re-equipment:** “Technical re-equipment of geological industry enterprises” has been officially added to the list of directions for the use of budget funds (Procedure No. 301), which creates opportunities for upgrading the material and technical base of state institutions.
* **Budget Discipline:** All transactions involving assets and budget commitments are now clearly linked to the general requirements of the legislation on the Treasury, which minimizes risks during reporting.
**Note:** Since this act regulates the use of budget funds and activities in the field of subsoil use, it directly affects the budget process and the financial reporting of state-owned enterprises in the sector.
