Institute for Financial and Economic Monitoring
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The second phase of research and development for Eurasian Economic Community

Apr 22, 2013

IFEM experts continue to provide consulting service to Eurasian Economic Community

One of the activities in the areas of the second phase of research work on "Study of budget process peculiarities and development of recommendations on improvement of system of budget formation and execution of the Eurasian Economic Commission" was to develop recommendations for the preparation and maintaining of budget quarterly breakdown of the Commission.

The following recommendations were developed in the form of draft internal regulatory acts of the Commission:

  • preparation, adoption and maintaining of budget quarterly breakdown of the Commission;

  • specification of targets of budget quarterly breakdown by codes of operations developed under the first phase of the budget classification of the Commission;

  • organization of information interaction of structural units of the Commission;

  • implementation of accounting and analytical procedures during the execution of budget of the Commission.

All work on the second phase of research is now completed. A progress report was presented to the Department of Finance of the Commission.

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