Reform Efforts in North Macedonia Sample Clauses

Reform Efforts in North Macedonia. The MoF takes decisive steps towards accountable and transparent public financial management. In autumn 2020, the MoF launched SMART (strategic, maintainable, accountable, reform-oriented and transparent) finance framework, targeting multiannual budgeting, fiscal consolidation, economic recovery and growth by acknowledging socially vulnerable groups, supporting the economy and preserving jobs, as well as strengthening public institutions in line with the Euro- Atlantic accession priorities. The SMART finance concept is aligned with the Action Plan for Recovery of Growth and Jobs that, inter alia, prioritizes human resource development in the public and private sectors, as well as policies aiming at eradication of corruption and capacity building of state institutions. Implementation of the Action plan was prompted by the pandemic caused urge for economic recovery. The Strategic Plan of the MoF (2021-2023)2 identifies establishment of a Public Finance Academy as one of the priorities in 2021, lining-up departments and staff in charge of developing Law on Public Finance Academy.
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