By Lev M. Freinkman, P. Safarian

This, the 1st full-scale international financial institution Public Expenditure evaluation for Armenia, reports the most economic traits in Armenia for the time of 1997-2001 and develops thoughts with appreciate to additional monetary adjustment, expenditure prioritization, and funds consolidation. The research specializes in the next center matters: Sustainability of economic adjustment, financial transparency, expenditure priorities, and non permanent expenditure administration given the prevailing economy-wide institutional constraints. This research covers extra-budgetary cash, in-kind exterior offers, subsidies supplied via the state-owned businesses within the power and application sectors, and operation of the Social coverage Fund, in addition to common budgetary spending. It indicates a medium-term motion plan to handle pointed out weaknesses. region chapters overview health and wellbeing, schooling, and social defense and assurance. The record additionally analyzes finances aid for center public infrastructure, and Armenia's public funding application.