Public Financial Management Project for the Ministry of Finance of Moldova

Concentrating its efforts on the realization of the objectives and tasks of the Government strategy and starting from the needs and priorities set for improving the financial management in the public sector, the Ministry of Finance of Moldova has initiated and is implementing Public Financial Management Project (PFMP) as the main tool in the realization of the public financial management consolidation objectives emphasized in the Economic Growth and Poverty Reduction Strategy (EGPRS).

The Budget planning and execution system will deal with budget planning and system execution by improving medium term expenditure policies, modernizing budget classification and introducing a single chart of accounts for the public sector according to Government Finance Statistics 2001 as well as by implementing an integrated Financial Management Information System.

The project was won in 2009 by a consortium where the prime contractor is Hewlett Packard and Webmedia Group is one of the subcontractors responsible for delivery of the information system.

The project beneficiaries are.

• Central public administration authorities (~28)
• Local public administration authorities of the second level (~35)
• Local public administration authorities of the first level (~900)
• Spending units (~2500)