Ecorys works on the Improvement of Budgeting System, multi-annual budget framework and Public Internal Financial Control System” of Montenegro

Ecorys, in partnership with Sofreco, is commissioned by the European Union Delegation of Montenegro to support the implementation of multi-annual budgeting framework and programme-based budgeting, where capital budgeting will be fully embedded. The assignment will take place in Podgorica, Montenegro. The project will start in December 2018 and is expected to end in December 2021.
The overall objective of the project is to contribute to increased fiscal sustainability and sound management of public finances in line with EU requirements.
 
The specific objectives of this mission are:
  • Contribute to a better connection between multi-annual budgeting and strategic planning, including the organization of extensive training for the staff of the Ministry of Finance, the Ministry of European Affairs and line ministries. Moreover, budget transparency will be increased by improving the quality of budget documentation, in line with international good practice, and by providing better visualization of state budget and in-year reports.
  • On accrual accounting, in cooperation with the IMF, the UNDP and the Slovak cooperation, the project will support further development of accounting policies and the reconfiguration of the IFMS system. Training and certification for public accountants and other stakeholders will be organized by taking into account the existing market offer.

Ecorys will delivers assistance split into the following three components:

Component I: Medium-term Budgetary Framework, including capital budgeting, is in place; Strategic government policies and, more in general, sectoral strategies better connected with multi-annual budgeting framework; Programme-based budgeting is in place; Institutional capacities for multi-annual budgetary planning, programme budgeting and capital budget strengthened; Transparency and accountability of decision making as regards PFM improved; Transition from cash basis public sector accounting to accrual accounting supported.
 
Component II: Risk Management System within Ministry of Finance and wider public sector improved; Managerial accountability strengthened;
Internal audit within Ministry of Finance and wider public sector organizations improved; Quality assurance for internal audit and financial management control established; Internal reporting on FMC in public sector organizations improved.
 
Component III: 
System of prevention and recovery from potential threats to business continuity fully in place.

For more information contact:
Dejan Gjorsoski
E: dejan.gjorsoski@ecorys.com