1. “Support for reforms in budget and finance policy fields”
European Social Fund Project
“Support for reforms in budget and finance policy fields”
No 1DP/ /10/IPIA/CFLA/003/001
INVESTING IN YOUR FUTURE!

2. Total project funding
Ls 1 
(~2 mln EUR)

3. European Social Fund project
Goal – support and facilitate reforms in policies administered by the MoF
[…] fiscal, state budget, tax (tax administration), finance management, government debt management and financial market policies that would allow renewing of economic stability and sustainable economic growth.

4. Achievement of project goals
Results by September 2011:
general training (diverse topics): out of 301
outsourced policy assessments: 3
incl. concept paper on development banking policy
selected improvements to tools and infrastructure
MATLAB software, QMS e-view software, access to selected databases of international macroeconomic indicators (Reuters, Bloomberg)
improvement of monitoring and analysis of tax arrears in SRS IT systems
selected measures to improve general capacity at MoF
implementation of time-sheet system with a goal to assess consumption of resources by specific functions
Assessment of competencies for 36 leading managers of MoF

5. Project breakdown by activities

6. Project breakdown by *TYPE* of activities as of September 2011

7. Breakdown of project activities by institutions

8. Project implementation chart

9. Project implementation
Funding acquired (by ) - Ls or 28 % of total project funding:
incl. : in Ls
in Ls
Plan for 2011 Ls 587 120 - acquired (by ) Ls 220 626 or 38 % of the funding for 2011.

10. 1. Improving analytical skills in the public finance management and macroeconomic analysis fields achievements
Topic
Planned result
Achieved result
Training
301
174
Expert reports 9 3

11. 1. Improving analytical skills in the public finance management and macroeconomic analysis fields training
Topic
Planned result
Achieved result
Economic analysis, fiscal policy, state budget and public finance management policy
119 44
Medium-term budget planning and relation with ESA95 16 2
Accounting methodology 20 13
Government debt and asset management 64 36
State aid 4
Improving internal auditing system in the public administration 62
Making financial market policy 12

12. 1. Improving analytical skills in the public finance management and macroeconomic analysis fields expert reports
Topic
Planned result
Achieved result
Research on possible improvement, development and future solutions of the IS 1
Concept on improving efficiency of overall administrative expenditure in direct public administration institutions
Drafting a concept on the development of financial markets to optimize financial institutions

13. 2. Building infrastructural capacity in the public finance and macroeconomic analysis fields
Topic
Planned result
Achieved result
Purchase of MATLAB software 2
Purchase of subscriptions for international economic information databases 1
Purchase of licences for QMS eViews software tools 7

14. 3. Building analytical and infrastructural capacity in tax and customs revenue administration fields training
Topic
Planned result
Achieved result
Improving tax and customs revenue analysis 3
Improving debt administration 5
Improving operative analysis of financial crimes
Tax policy and administration 7 6

15. 3. Building analytical and infrastructural capacity in tax and customs revenue administration fields
Topic
Planned result
Achieved result
Seminar-conference on causes of the shadow economy in Latvia 1
Expert opinion on proposals developed by the shadow economy combating working group
Development of TIS functional module “Tax debt breakdown by the time of occurrence”

16. 5. Improving overall capacity of the Ministry of Finance
Topic
Planned result
Achieved result
Development of the human resources workload registration module 1
Competences of managing officials of the Ministry have been evaluated
1 report (36 employees)

17. Planned results of the project
In the 2nd half of procurements of studies initiated in the public sector wage policy sector and tax debt administration improving sector.
2. To continue staff training:
in public finance management and macroeconomic analysis field;
tax and customs revenue administration field;
wage policy field;
to strengthen overall capacity in the Ministry of Finance.
3. In 2012 – to organize a conference in the public finance management and macroeconomic analysis field.
4. In 2012 – to develop and update information systems, as well as train staff in the public finance management and macroeconomic analysis field.
5. In 2012 carry out studies in the public finance management and macroeconomic analysis field.