On October 28, the Armenian government approved renewed national finance management strategy for 2011-2020, as well as a program of events for its first stage implementation.

Prime Minister Tigran Sargsyan noted the importance of budgetary planning and preparation of project estimates.

“The strategy includes these provisions and we will enjoy international experts’ technical support. There is need in studying the international experience within this very strategy, as its components include both the process of budgetary planning and public purchases,” he said.

The Prime Minister said it is important to create a working group to implement radical reforms in this direction.