Minister of Finance Petrit Malaj chaired the 18th meeting of the Steering Committee for Public Financial Management.

The main objective of this meeting was to review and adopt the draft Annual Monitoring Report for 2023 of the Public Financial Monitoring Strategy 2023-2030. In his remarks, Minister Malaj emphasized the importance of efficient public financial management for equitable resource distribution and sustainable growth in the face of ongoing difficulties and rapid changes in the economy.

The 2023 Monitoring Report shows success in the implementation of the Action Plan, with 80% progress in performance indicators and 82.61% in activity levels, demonstrating the commitment to efficient public financial management.

The Ministry of Finance has made significant improvements in macroeconomic programming, fiscal risk monitoring, integrated budget planning, revenue mobilization, accounting procedures, internal financial controls, and external oversight, according to Minister Malaj, who also discussed progress under each pillar in close coordination with independent institutions and government agencies.

“These achievements demonstrate a commitment to improving accountability and openness in financial management. In addition to promoting economic stability, a strong public financial management system enhances the credibility of public institutions,” he said. “It remains crucial for government agencies, civil society, and foreign partners to communicate and work together,” Malaj said.

A report on key achievements in public financial management was prepared in May 2024 and sent to the EU delegation as one of the four general requirements for sectoral budget support disbursements.

During the meeting, the Steering Committee also discussed evaluation reports from international partners, including the SIGMA Assessment, the PEFA Assessment, and the Open Government Partnership (OGP).