The/report/on/the/assessment/of/accountability/for/public/spending/and/finances/is/presented/in/Tirana

Public financial management in accordance with the best international standards is essential for Albania’s accession process and for access to EU funds.

The Albanian Ministry of Finance, in collaboration with the team of experts and the European Union delegation, presented the Performance Assessment Report regarding Public Expenditure and Financial Accountability (PEFA) for Albania.

This assessment provides an in-depth analysis of the performance of the public financial management system in the country. It also serves as an important tool for strengthening transparency, accountability, and efficiency in public financial management, contributing to the advancement of ongoing reforms and the sustainable development of the country.

The report indicates progress in the budgeting process, public investment procedures, and internal auditing. Improvements in consolidated financial reporting, including state-owned enterprises and public asset management, remain among the main challenges.

The European Union delegation in Tirana emphasized that the findings and recommendations of the PEFA report should be taken into account as the government continues to implement reforms in this area.

Present at the report presentation were the Albanian Deputy Minister of Finance, Erjona Çela (Bejleri), as well as representatives from key development partners, civil society organizations, and representatives of state institutions involved in this evaluation process.

Çela stated that the Ministry of Finance remains committed to continuing cooperation in strengthening institutional capacities and improving public financial management.

The Head of the Political Section of the European Union Delegation, Andre Rizzo, emphasized that these results show an overall improvement in the field of public finances and serve as a positive indicator of Albania’s efforts and commitment to improving and deepening reforms.

Key developments include the sustainable execution of the budget with minimal deviations, a well-structured budgeting process supported by medium-term fiscal planning, strong internal financial controls and audit organization, efficient tax administration, effective debt and liquidity management, as well as clear objectives for public services with measurable performance indicators. (July 18)