Armenia : Public Financial Management Reform Priorities
The objective of this paper is to provide practical recommendations for improving the effectiveness of the public financial management system as inputs to the envisaged Armenian public financial management (PFM) reform strategy. The paper aims at p...
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| Format: | Other Poverty Study |
| Language: | English |
| Published: |
World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20101001004411 http://hdl.handle.net/10986/2909 |
| Summary: | The objective of this paper is to
provide practical recommendations for improving the
effectiveness of the public financial management system as
inputs to the envisaged Armenian public financial management
(PFM) reform strategy. The paper aims at providing a
comprehensive analysis of most of the key elements of the
financial management system thus supplementing existing
analyses undertaken for each function in isolation. By doing
so, the paper aims at contributing to the reaching of
consensus among key stakeholders to public financial
management and the financial management reform process in
Armenia including within the Ministry of Finance, line
ministries, elected officials, control agencies, the
interested public and international partners. The report is
structured as follows: chapter two provides a review of
budget formulation processes. Chapter three assesses budget
execution. Chapter four looks at capacity, organization and
motivation and Information and Communication Technology
(ICT) support issues. Finally, chapter five looks at reform
scenarios, management and funding. |
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