This order of the Ministry of Finance of Ukraine introduces amendments to the procedure for electronic data exchange between the Ministry of Finance and participants of the budget process at the local level. The main purpose of the document is to expand the list of information that budget managers and recipients are required to submit in electronic form. These changes ensure more prompt and detailed monitoring of the status of budget commitments and financial indicators at the local level.
**Structure and Main Provisions:**
The order consists of two main blocks of amendments to the current Procedure (Order No. 488):
1. **Expansion of reporting on commitments:** Section II of the Procedure has been supplemented with new types of daily reporting for chief budget managers, lower-level budget managers, and recipients of budget funds.
2. **Update of the list of documents:** The annexes to the Procedure, which regulate the composition and deadlines for the submission of projected revenue indicators of local budgets, as well as data on expenditures for remuneration of labor in general secondary education institutions, have been amended.
**Key Aspects for Implementation:**
* **Daily reporting:** Participants in the budget process are now required to submit information on registered budget and financial commitments daily (by 09:00 of the first working day following the reporting day). This significantly increases the requirements for the efficiency of accounting in Treasury bodies.
* **Projected indicators:** Three new items regarding projected revenue indicators of local budgets (for medium-term and planned periods) have been added to the list of mandatory electronic documents, the submission deadlines for which are established separately by the Ministry of Finance.
* **Remuneration of labor in education:** Requirements for submitting data on the need for expenditures on the remuneration of teachers have been updated. In particular, clear deadlines (by February 20 and September 20) have been established for submitting the calculated requirement, and quarterly reporting on actual expenditures has been introduced.
These changes are mandatory for all local financial authorities and budget fund managers that use the system of electronic document exchange with the Ministry of Finance.
