Tuesday, September 06, 2005

Accountancy begins at home

The EU is to fund a project aimed at improving the system of managing state spending in Russia. This project will be implemented in Russia in the period ending 2006 and its budget totals €1.5m. The main target is an establishment of an efficient system for managing state spending on the basis of target-oriented budgeting. This, according to the report, "will contribute to enhancing better quality of decisions on allocation of budget revenue and making Russian executive authorities more result-oriented."

And how many years is it since the Court of Auditors were prepared to sign off the EU's own accounts?


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