Public finance management (PFM) is part of a development process where financial resources are planned and detected for effective and efficient implementation of the public administration. This policy is critical for public services to achieve sustainable development goals.
It is imperative for the executive institutions of developing countries such as Armenia, to focus on the priorities of the public finance management, as well as economic policy objectives to execute high-level inclusive growth and make economic changes for their citizens.
In terms of public finance management, Ameria Advisory is mainly focused on public procurement, internal audit, budget planning, formulation and monitoring. The complexity of such processes requires precise execution and key area formulation. These important factors can provide an effective fiscal environment to the government and a good service from the public sector.
Our company with its in-depth understanding of economic processes and broad expertise in government budgeting and planning offers services aimed at the optimization of the public finance management processes. We believe that a primary focus on these three points will yield significant gains: :
- Focus on system functionality. Understanding not only the form of the reform but also its context is very crucial for the teams that propose problems and look for solutions.
- Targeted leadership. People who coordinate the reform, handle public opinion and are committed to the implementation of the certain transformations.
- Monitoring processes. Such processes as learning, acceptance, adaptation must be monitored and analyzed.
Trust Ameria to improve the relevant processes, procedures and rules of the PFM system, develop methodological tools, improve performance related systems of the public spending and the Budget, introduce program budgeting tools and other methods that will provide extensive and lasting benefits for the State and society. We also assist in developing and improving the ICT system in PFM.