Wednesday, 16 June 2010
The objective is to have an optimal system of public governance
Prime Minister Tigran Sargsyan attended a workshop held at Congress hotel under the second stage of Armenia’s public finance management reform.
Addressing the workshop, the head of government stated in part: “As you may remember, we tried to sum up the outcome of the first stage of reform by providing a detailed description of the work done by the Ministry of Finance and the capacity built up in this field. Now we have to define the tasks and the strategy of second stage. The following 4 areas of activity are to be addressed: firstly, we will have to enhance fiscal discipline aimed at greater macroeconomic stability and budget system predictability. Secondly, resources must be tied up to relevant policies and priorities. Thirdly, money should be backed by a specific value providing for efficiency in the use of public funds. Fourthly, we will have to ensure proper financial accountability.”
Tigran Sargsyan next spoke about the potential needed in this process: “Apart from achieving maximum accuracy in the description of business processes, we must build up capacity liable to regular training. Motivation will be crucial allowing us to have well-trained experts in place capable of generating a favorable environment for efficacious management of public finances.”
