Finance Ministry and International Bank for Reconstruction and Development embark on elaboration of project "Modernization of State Finance", according to NCRU.

The project aims at modernization of the state finance management system in accordance with EU`s normative documents, international standards and efficient budgetary expenses.

The project`s initiation was approved by the Cabinet of ministers on December 27, 2006.  A working group was created in this view, which poses as elaborator of a drat project of the Cabinet of ministers "On Assertion of Modernization Strategy and Improvement of Budgetary Finance Management of 2007 to 2016". The project`s fulfillment will result in improvement of the budgetary system and state purchases and reformation of tax system.