EU Helps Turkey To Improve Its Public Accounting System And Government Financial Statistics
The opening ceremony of the EU-supported project "Technical Assistance for Enhanced Capacity for Public Sector Accounting Standards (PSAS)" took place in Ankara with the participation of Mr. Mustafa Taşkın, Adviser to the Minister of Treasury and Finance and Mr. Giulio Gentile, Deputy Head of the Trade Section of the EU Delegation to Turkey.
On the occasion of the event, the Head of EU Delegation to Turkey, Ambassador Christian Berger said: "I would like to stress that the European Union attaches great importance for candidate countries to ensure effective, efficient and transparent functioning in the area of public finance management and public administration reform. I believe that this project will contribute to Turkey’s alignment to the acquis in the area of public finance management."
What is the scope of the project?
Sound public financial management systems and structures are critical to ensure democratic governance, macro-economic stability and efficient use of available resources for effective service delivery. States are effective and accountable when they are underpinned by good public finance management institutions and systems.
The application of Public Sector Accounting Standards (PSAS) based on European and International standards contributes to improve the quality and reliability of public sector financial reporting by public institutions, leading to better informed decisions about resource utilization by policy-makers, increasing transparency and accountability.
This project has a total budget of € 1.725.000. It encompasses three main dimensions: 1) reviewing the existing legal framework of PSAS and revising its principles accordingly, and in line with European and International standards; 2) strengthening public officials' capacity to implement PSAS; and 3) increasing awareness on PSAS principles among public officials. It will help Turkey to improve its public accounting system and government financial statistics, contributing to improve transparency and accountability of the government financial management system.
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