Other reforms included in this strategy, such as those concerning budget documentation, accounting principles, reporting, performance management, and the design and implementation of the IFMIS, will be phased and implemented at a later stage of the strategy. A strong and dynamic economy is a priority. To achieve a modern and efficient management of public finances Albania has adopted several instruments: legislation, culture changes and process reengineering, capacity building and A summary of adoption of these instruments in 2015 is given below: Legislative changes Changes in processes and management culture A Implementation of a modern Twinning “On 5 new Laws/or amendments to the existing system for FMC and Public Financial Inspection laws were performed during 2015 in is in place since 2014. (“On Albania” Financial Management and 7 pilot entities are being assisted to Control”, “On Internal Audit in the Public implement FMC requirements; Sector”, "Public Financial Inspection", "On Public 37 Executing officers are trained on new Procurement" and "On the Organization ad FMC framework and 140 staff are trained Functioning of the State Supreme on the Audit”) “Managerial accountability” concept; Good progress is made during 2015 in Finalized the review of the existing finalizing the Organic Budget Law institutional arrangements and internal 11 new decisions, guidelines, manuals, organization restructuring at the State instructions were prepared. Supreme Audit and several directorates at Ministry of Finance.
Other reforms included in this strategy, such as those concerning budget documentation, accounting principles, reporting, performance management, and the design and implementation of the IFMIS, will be phased and implemented at a later stage of the strategy. A strong and dynamic economy is a priority. To achieve a modern and efficient management of public finances Albania has adopted several instruments: legislation, culture changes and process reengineering, capacity building and A summary of adoption of these instruments in 2015 is given below: Legislative changes 5 new Laws/or amendments to the existing laws were performed during 2015 (“On Financial Management and Control”, “On Internal Audit in the Public Sector”, "Public Financial Inspection", "On Public Procurement" and "On the Organization ad Functioning of the State Supreme Audit”) Good progress is made during 2015 in finalizing the Organic Budget Law 11 new decisions, guidelines, manuals, instructions were prepared. Changes in processes and management culture A Twinning “On Implementation of a modern system for FMC and Public Financial Inspection in Albania” is in place since 2014. 7 pilot entities are being assisted to implement FMC requirements; 37 Executing officers are trained on new FMC framework and 140 staff are trained on the “Managerial accountability” concept; Finalized the review of the existing institutional arrangements and internal organization restructuring at the State Supreme Audit and several directorates at Ministry of Finance.
PFM_reform_report_FV_31_March_2016_for_publication.docx