Public Investment Management Reform in Ukraine
In 2025, Ukraine completed a key stage of the public investment management reform, establishing unified rules for planning, selecting, and financing investment projects. As of the end of the year, out of 72 reform measures, 25 have been implemented, which is 35%, 28 are in progress (39%), and 19 have not yet started (26%).
Important steps within the reform included the adoption of amendments to the Budget Code of Ukraine, as well as the approval of the Reform Roadmap. To coordinate actions, the Strategic Investment Council and interagency coordination bodies were established. One of the significant achievements has been the formation of a Unified Project Portfolio for public investments, which allows for more effective resource management.
Additionally, as part of the training for 240 financiers of territorial communities and regional state administrations, training sessions were held in collaboration with UNICEF. According to Dmytro Samonenko,
“Despite the challenges of full-scale war, the public investment management reform continues. The approved regulatory framework creates necessary rules for the practical implementation of projects. This has already yielded concrete results — public investments in the 2026 budget have been formed under the new rules, with the largest funding volume for energy.” — Dmytro Samonenko
Thus, the public investment management reform in Ukraine continues to develop, indicating the country’s commitment to effective resource use and stability amidst the challenges it faces.
Reform Outcomes
The completion of a key stage of the public investment management reform in Ukraine demonstrates the government’s efforts to implement structural changes that can enhance the efficiency of state budget expenditures. The creation of a unified project portfolio and the approval of new financing rules can become the foundation for stable economic development, especially in wartime conditions. It also indicates the country's readiness to adapt its institutional mechanisms to new challenges and societal needs.