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A Memorandum Of Mutual Comprehension Signed Between RA Finance Minis

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  • A Memorandum Of Mutual Comprehension Signed Between RA Finance Minis

    A MEMORANDUM OF MUTUAL COMPREHENSION SIGNED BETWEEN RA FINANCE MINISTRY AND GERMAN TECHNICAL COOPERATION COMPANY

    ARMENPRESS
    JULY 27, 2010
    YEREVAN

    YEREVAN, JULY 27, ARMENPRESS: A memorandum of mutual comprehension
    on continuing the cooperation of further deepening of the process of
    planning budgetary reforms in Armenia was signed today between the
    Armenian Finance Ministry and German Technical Cooperation Company
    (GTZ).

    The memorandum was signed by Armenian First Deputy Finance Minister
    Pavel Safaryan and GTZ regional director James Macbeth. The main goal
    of the memorandum is to support in deepening of planning budgetary
    reforms in Armenia and in application of the advanced experience of
    the planning budgetary in RA state financial management system.

    Press service of the Armenian Finance Ministry told Armenpress that
    the primary goal of the planning budgetary is the economic efficiency
    increase of state expenses. It appears to be the priority of the
    Armenian government.

    At the moment thanks to the GTZ technical support implemented in the
    planning budgetary sphere, all the state governing bodies are involved
    in experimental investment works of the planning budgetary reforms.

    Within the frameworks of the support intended by the memorandum,
    it is expected that in the stage of forming the 2011 and 2012 state
    budgets, all the state bodies will have an opportunity of deepening the
    planning budgetary investment works and will present their budgetary
    applications with an improved format.

    The cooperation between the GTZ and Armenian government in the issue
    of deepening reforms in the planning budgetary sphere is implemented
    from 2008.




    From: A. Papazian
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