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Macedonia imporved the control of public finances.

The three year Internal Financial Control Strategy presents the reforms framework for the next period

Macedonia made a significant progress in the internal financial control, but it should be implemented more concretely in order to reach the level of the EU member countries of the region --stressed Finance Minister Zoran Stavreski at the presentation of the Internal Financial Control Strategy for the next period of three months. Stavreski stressed that in the past period, 70 percent of the local and central level institutions established independent units for financial issues, pursuant to the Law on Public Internal Control.

--I believe that we will achieve our goal, i.e. the Republic of Macedonia will serve as an example for good management of public capital, said Stavreski. In order to achieve that, it is necessary to have external control and the Parliament to closely monitor the budget activities.

The three year Internal Financial Control Strategy presents the reforms framework for the next period.

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Title Annotation:ECONOMY
Publication:Macedonian Business Monthly
Date:Apr 1, 2015
Words:160
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