Bringing reforms to the public internal financial control system | EUNewsletter

Bringing reforms to the public internal financial control system

23 August 2016
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Two years ago, with the financial support of the European Union, Armenian Ministry of Finance and Swedish National Financial Management Authority jointly established a solid foundation and baseline to implement a twinning project in order to improve the public internal financial control systems in Armenia.
Public Internal Financial Control (PIFC) represents a structured model for establishing a modern control environment of public funds in order to detect and reduce irregular and corrupted practices.
The aim of this twinning project was to support Armenian public institutions to improve the overall effectiveness, efficiency and economy of its administrative practices with the overall final objective of increasing the service delivery to the citizens.
On 12 August 2016 the project closing ceremony took place in Yerevan.
The Acting Head of the European Union Delegation to Armenia, Andrea Chalupova, spoke at the event. She stressed the importance of governance and financial management reform to improve services for Armenian citizens: ‘The EU is the main partner supporting reform processes in Armenia, including those in public administration. A new budget support programme being negotiated will keep on supporting public finance management reforms in Armenia. The EU is supporting the Armenian reform process, particularly public finance management, to increase the effectiveness, efficiency and economy of administrative practices. Ultimately, this will increase service delivery to citizens – the final beneficiaries of all our reforms in Armenia are Armenian citizens’.
Armen Gevorgyan, the Armenian Deputy Minister of Finance, spoke about the impact of the project: ‘The Central Harmonisation Unit (CHU) in our ministry values the activities implemented in the frames of this project. The main focus of the project was the introduction of a public internal financial control pillar. By this, I mean financial management and control, based on the concept of managerial accountability, improvement of internal audits, and assistance to CHU. We highly appreciate the important assistance provided by the EU and hope that EU-Armenia cooperation will continue to more effectively assist the development of public internal financial control in Armenia’.

Bringing reforms to the public internal financial control system

Two years ago, with the financial support of the European Union, Armenian Ministry of Finance and Swedish National Financial Management Authority jointly established a solid foundation and baseline to implement a twinning project in order to improve the public internal financial control systems in Armenia. Public Internal Financial Control (PIFC) represents a structured model for establishing a modern control environment of public funds in order to detect and reduce irregular and corrupted practices. The aim of this twinning project was to support Armenian public institutions to improve the overall effectiveness, efficiency and economy of its administrative practices with the overall final objective of increasing the service delivery to the citizens. On 12 August 2016 the project closing ceremony took place in Yerevan. The Acting Head of the European Union Delegation to Armenia, Andrea Chalupova, spoke at the event. She stressed the importance of governance and financial management reform to improve services for Armenian citizens: ‘The EU is the main partner supporting reform processes in Armenia, including those in public administration. A new budget support programme being negotiated will keep on supporting public finance management reforms in Armenia. The EU is supporting the Armenian reform process, particularly public finance management, to increase the effectiveness, efficiency and economy of administrative practices. Ultimately, this will increase service delivery to citizens – the final beneficiaries of all our reforms in Armenia are Armenian citizens’. Armen Gevorgyan, the Armenian Deputy Minister of Finance, spoke about the impact of the project: ‘The Central Harmonisation Unit (CHU) in our ministry values the activities implemented in the frames of this project. The main focus of the project was the introduction of a public internal financial control pillar. By this, I mean financial management and control, based on the concept of managerial accountability, improvement of internal audits, and assistance to CHU. We highly appreciate the important assistance provided by the EU and hope that EU-Armenia cooperation will continue to more effectively assist the development of public internal financial control in Armenia’.