What
is "EU Public Finance Management Facility"?
In June 2021,
the Government of Serbia (GoS) adopted the Public Finance Management Reform
Programme for 2021-2025 (PFM RP), complementing the Public Administration
Reform (PAR) Strategy 2021-2030. The project "EU Public Finance Management
Facility" will assist the GoS to align with the EU acquisitions, fulfill
requirements of the EU standards and achieve progress in reform areas related
to PFM as a subsector of PAR. It provides support in key areas – Taxation,
Customs Union, Financial Control, Public Procurement and horizontal support to
the public finance reforms.
What is the objective of the project?
The overall
objective of the project is to enhance the efficiency of budget execution,
public finance management and public internal financial control in line with EU
standards and best practices.
In order to
achieve this objective, the project focuses on:
1. Meeting
the preconditions for effective exchange of information on Value Added Tax with
EU member states.
2. Strengthening
operational and administrative capacities of Customs Administration and ensuring
interoperability of the Serbian Customs IT system with the EU electronic customs
systems.
3. Improving
public sector management and accountability through strengthened Financial
Management and Control systems and Internal Audit.
4. Enhancing efficiency, effectiveness, and
transparency of public procurement procedures in Serbia.
5. Supporting
selected priority areas of public finance management reform.