Armenian Public Financial Management Reforms should be implemented within 10 years

PanARMENIAN.Net - 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.