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Armenian Public Financial Management Reforms Should Be Implemented W

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  • Armenian Public Financial Management Reforms Should Be Implemented W

    ARMENIAN PUBLIC FINANCIAL MANAGEMENT REFORMS SHOULD BE IMPLEMENTED WITHIN 10 YEARS

    PanARMENIAN.Net
    June 16, 2010 - 17:31 AMT 12:31 GMT

    Yerevan hosted the workshop: "Armenian Public Financial Management
    Reforms." It focuses on public financial management reform agenda and
    various reform priorities. Among those is Public Internal Financial
    Control (PIFC), which is an integral part of the European Neighborhood
    Policy Action Plan concluded between the Republic of Armenia and the
    European Commission in 2006. In his opening remarks, Armenian Prime
    Minister Tigran Sargsyan said that the program of reforms should be
    implemented in Armenia within 10 years.

    "We summarized the results of the first stage of reforms during the
    previous meeting. Today we should define the second stage of reforms,
    as well as our strategy and basic tasks," the Prime Minister said.

    For his part, Head of the European Commission Delegation to
    Armenia Raul de Luzenberger said that reasonable public financial
    management will reduce corruption and increase the efficiency of
    funds distribution.




    From: A. Papazian
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