Common use of Budget and accounting systems Clause in Contracts

Budget and accounting systems. The Parties shall cooperate in relation to: (a) improvement and systematisation of regulatory documents on the budgetary, treasury, accounting and reporting systems and their harmonisation on the basis of international standards, respecting also good practice in the EU public sector; (b) continuous development of multi-annual budget planning and the alignment to EU good practice; (c) studying the practices of the European countries in inter-budget relations, in order to improve this field in the Republic of Moldova; (d) fostering approximation of procurement procedures with existing practices in the EU; and (e) exchange of information, experiences and good practice, including through personnel exchange and joint training in this field.