YEREVAN, JUNE 9, NOYAN TAPAN. The seminar "Public Internal Financial Control (PIFC) in the EU and Armenia" was held in Yerevan on June 9 on the initiative of RA Ministry of Finance and the Budget Department of the European Commission. Officials and experts of the European Commission, as well as the Head of the European Commission Delegation in Armenia, Ambassador Raul de Lutzenberger took part in the seminar. The EU member states' experience in PIFC and proposals on further improvement of PIFC in Armenia were presented at the seminar. The Head of the Budget Implementation Methodology Department of RA Ministry of Finance Karen Brutian said that PIFC is an integrated model that has been developed by the European Commission for creation of internal control systems in the state sector which are in line with international standards. In his words, the introduction of such a system was envisaged by the Armenian government's activity program. The purpose of the system is to have such a mechanism of spending state financial resources, expenditure control and audit that will enable the state to fulfil its obligations more efficiently. "This event was also envisaged by Armenia-EU Neighborhood Action Plan, which shows the political significance of the event," K. Brutian said. Commenting on the Armenian government's initiative on reforms of this system, the Head of the European Commission PIFC Department Robert Gielisse stated that they encourage and assist the reforms planned by Armenia.

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