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  • Seminar "Public Internal Financial Control In The EU And Armenia" He

    SEMINAR "PUBLIC INTERNAL FINANCIAL CONTROL IN THE EU AND ARMENIA" HELD IN YEREVAN

    Noyan Tapan
    June 9, 2009

    YEREVAN, JUNE 9, NOYAN TAPAN. The seminar "Public Internal Financial
    Control (PIFC) in the EU and Armenia" was held in Yerevan on June 9
    on the initiative of RA Ministry of Finance and the Budget Department
    of the European Commission. Officials and experts of the European
    Commission, as well as the Head of the European Commission Delegation
    in Armenia, Ambassador Raul de Lutzenberger took part in the seminar.

    The EU member states' experience in PIFC and proposals on further
    improvement of PIFC in Armenia were presented at the seminar.

    The Head of the Budget Implementation Methodology Department of RA
    Ministry of Finance Karen Brutian said that PIFC is an integrated
    model that has been developed by the European Commission for creation
    of internal control systems in the state sector which are in line
    with international standards.

    In his words, the introduction of such a system was envisaged by the
    Armenian government's activity program. The purpose of the system
    is to have such a mechanism of spending state financial resources,
    expenditure control and audit that will enable the state to fulfil
    its obligations more efficiently. "This event was also envisaged
    by Armenia-EU Neighborhood Action Plan, which shows the political
    significance of the event," K. Brutian said.

    Commenting on the Armenian government's initiative on reforms of this
    system, the Head of the European Commission PIFC Department Robert
    Gielisse stated that they encourage and assist the reforms planned
    by Armenia.
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