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PHARE project "Improving Budget Processes" presented

PHARE project "Improving Budget Processes" presented

The Croatian Finance Ministry's State Treasury marked with beginning the PHARE 2006 Project "Improving Budget Processes", which is expected to be completed by October 2010, it was said at the media presentation of the project on Wednesday.  

The project is worth over EUR 1.75 million, of which 1.3 million (75 percent) will be financed from the EU programme PHARE 2006, while the rest will come form the Croatian state budget, Chief State Treasurer Vesna Orlandini said.

The purpose of the project is to design medium-term budget framework (MTBF) format and procedures, to set up performance indicators, to improve budget execution process, financial planing and cash management, and to deliver training in budget management areas. (Hina) 

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