Tajikistan
During October Michael Parry visited Dushanbe, Tajikistan, as one of his regular visits in the role of Adviser to the Public Financial Management (PFM) Council of Tajikistan. The Government of the Republic of Tajikistan has been undertaking a major programme of reform to PFM and many of the changes are now being implemented. These include a series of budget reforms
- A Medium Term Expenditure Framework (MTEF) approach for social sector Ministries
- A new budget classification consistent with GFS 2001
- New budget software enabling Ministries to directly enter their own budget estimates
For 2014 a further series of changes will be implemented including:
- A new Unified Chart of Accounts constant with the new budget classification
- A new Financial Management Information System (FMIS) integrated with the budget
- A restructured Treasury focussing on reporting, cash and commitment management
The new FMIS and integrated budget and accounting classifications will enable enhance financial and budget reporting. As part of this upgrade of reporting, a series of 10 Tajikistan Public Sector Accounting Standards (TPSAS, based on IPSAS) have been developed and are being considered for adoption. It is then expected that Tajikistan will move to publishing TPSAS consistent financial statements.
A joint World Bank – EC – DFID – SECO mission during October was favourable impressed by the progress of the PFM reforms. All of these organisations have supported the reform programme, and it hoped that such support will continue in the future.
Friday, November 1st, 2013 at 12:21 pm | News