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GTZ To Improve Budget Planning In Armenia

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  • GTZ To Improve Budget Planning In Armenia

    GTZ TO IMPROVE BUDGET PLANNING IN ARMENIA

    news.am
    July 27 2010
    Armenia

    The RA Ministry of Finance and the German Association for Technical
    Cooperation (Deutsche Gesellschaft für Technische Zusammenarbeit -
    GTZ) signed a memorandum of understanding on July 27. The memorandum
    will serve as a basis for further reforms in budget planning in
    Armeniaâ~@~Ys financial management system. The program is to be
    completed on July 1, 2011.

    The press service of the RA Ministry of Finance informed NEWS.am
    that the memorandum was signed by RA First Deputy Minister of Finance
    Pavel Safaryan and GTZ Regional Director James Macbeth.

    The budget planning reforms are supposed to enhance the efficiency
    of public expenditure. In drafting the 2011-2012 budgets, all the
    government agencies are expected to intensify the relevant work. The
    memorandum allows the government agencies to present improved budget
    plans, which will meet the relevant requirements.




    From: A. Papazian
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