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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