The European Union will allocate €37.1 million for the reforms implemented in the area of public finance. The financing agreement was approved in the November 7 meeting of the Cabinet, IPN reports.
Minister of Finance Anatol Arapu said that €33 million of this sum is a grant for supporting the budget, while €4.1 million represents technical assistance for implementing the support program.
The program will support the Government, Parliament and the Audit Office in the process of strengthening good governance and promoting efficient fiscal policy and will help improve the public finance management systems.
The grant for supporting the budget will be provided in four tranches during 2014-2018. The first tranche will be fixed and will be disbursed in 2014, while the next tranches will be variable.
