Tirana, March 21 /ATA/- Ministry of Finance and Economy, in cooperation with the Technical Assistance provided by the European Union, presented the new Standard Procedural Guideline for the preparation of the Medium Term Budget Program in the presence of line ministries, representatives of international organizations and representatives of civil society.
Deputy Minister of Finance and Economy Erjon Luçi, who took the opening floor, said that the changes to budget preparation are part of the reform of Public Finance Management in Albania that will contribute to a stronger connection between the sector strategies and their reflection on the budget.
In her remarks, Secretary General of the Ministry of Finance and Economy, Geraldina Prodani, said that apart from the valuable assistance with this guideline, EU Delegation will support us in advancement of ambitious objectives set out in Public Finance Management Strategy. Prodani emphasized that the clear distinction between ongoing and new policies introduced for the first time through this guideline increases transparency and inclusion of key performance indicators will allow all the actors to oversee the progress towards achieving the sectoral targets.
The new guideline embodies a conceptual and methodological change of budget preparation, focusing on a clear program-based and performance-based budgeting approach. The recent novelty consists in identification and management throughout the budget cycle of Key Performance Indicators.
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