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EU urges Albania to enhance transparency of public funds management

Xinhua, November 15, 2016 Adjust font size:

The European Union (EU) called on Albania Monday to increase accountability and transparency in the use of public funds.

Speaking at the conference Public Finance Management, EU Ambassador to Albania Romana Vlahutin announced that the EU will give Albania 130 million euros (about 139 million U.S. dollars) in the next two years in order to support the latter carry out reform in public finance management.

According to the EU ambassador, public finances management is very important so everyone should know how the government spends the public money.

She highlighted that accountability and transparency are crucial in this regard.

Whoever is in the government is most responsible for the proper use, proper planning of public money, but also the stakeholders, the Parliament or everyone who has an overseeing role has the responsibility to look into all elements how public money is spent, the EU ambassador said in her address.

Ambassador Vlahutin announced that the European Commission has paid the first portion of nearly 14 million euros to the Albanian national budget based on performance and results achieved so far for public financial management reform implementation.

This amount is provided in the framework of around 130 million euros that will be dispensed in the Albanian state budget on the basis of demonstrating progress and results in the implementation of public finance management, public administration reform, employment, anti-corruption, transport strategy, she said.

Present at the conference was also Albanian finance minister Arben Ahmetaj who said that the Albanian government had already taken measures for the good-management of public finances.

The goal of the activity for the management of public finances aimed at presenting the reforms undertaken as part of good management of public finances as well as future challenges in this regard. Endit