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The project is expected to streamline internal processes, improve internal communication and enhance staff accountability, the ministry's press service reported, adding that the project will not have any budgetary expenses since it is being funded by international donors.

Pointing to the necessity for change, Finance Minister Oleksandr Danylyuk stressed on the ministry's role as a driver of reforms.

Read alsoBloomberg names Ukraine's arguments in Russian bond suit"We want to see internal transformation at the Finance Ministry so that it can become a model for other state bodies," the minister said.

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The initial steps in this direction may be undertaken as early as next week.

Read alsoFinance Minister to submit bill on eliminating tax police Earlier, Danylyuk noted that his priority is to transform the entire structure and system of public finance management, which also envisages improving the operations of the Finance Ministry's departments and the State Fiscal Service, which is the ministry's subordinate body.