The country’s public finances will be managed with a new strategy until 2030. The Minister of Finance gave an overview of the document, while receiving advice from the EU and the World Bank for more project control and the fight against corruption.

The Ministry of Finance has presented the third Public Finance Management Strategy, which aims to improve public investments, strengthen internal control and efficiency in tax collection. The Minister of Finance, Ervin Mete, said that the document aims to ensure a public financial system that promotes transparency and economic development.

EU Ambassador Silvio Gonzato advised the government not to make budget changes during the calendar year and to monitor the Public Private Partnership contracts.

“We have expressed concerns about the revision of the budget with normative acts. This may be justifiable in crisis situations. On the other hand, it remains important to strengthen monitoring in areas with fiscal risk such as tenders and PPP projects”.

During the presentation, the director of the World Bank emphasized the fight against corruption.

“Fiscal discipline must be maintained through revenue collection management and debt management. As we look at the strategy we think there are 4 critical elements. One of them is transparency and accountability. We must ensure that opportunities for corruption are eliminated.

The new Strategy for the Management of Public Finances was published for public consultation at the beginning of last month and is expected to be approved within the first 6 months of this year, to start further with its implementation phase.