By Lev M. Freinkman, P. Safarian
This, the 1st full-scale global financial institution Public Expenditure evaluation for Armenia, reports the most monetary developments in Armenia during 1997-2001 and develops techniques with admire to extra monetary adjustment, expenditure prioritization, and finances consolidation. The research specializes in the subsequent center matters: Sustainability of economic adjustment, financial transparency, expenditure priorities, and momentary expenditure administration given the present economy-wide institutional constraints. This research covers extra-budgetary cash, in-kind exterior offers, subsidies supplied by way of the state-owned businesses within the strength and software sectors, and operation of the Social assurance Fund, in addition to ordinary budgetary spending. It indicates a medium-term motion plan to handle pointed out weaknesses. zone chapters assessment healthiness, schooling, and social defense and assurance. The file additionally analyzes finances help for center public infrastructure, and Armenia's public funding application.
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