Trainings in AR of Crimea

Series of Trainings on Use of Financial Mechanisms Completed

    On 29 to 31 August 2011, the Budget Institute completed a series of trainings in Crimea on the use of financial mechanisms for implementing infrastructure development projects. The trainings were conducted under the Municipal Finance Strengthening Initiative (MFSI) Project supported by USAID.
    The last training of the series was held as part of a large-scale conference that took place in Feodosiya. This event was attended by 55 department heads and specialists of organizational units from the Feodosiya and Sudak city councils, as well as specialists of finance departments from the Kerch, Alushta, Saky, Yevpatoriya, and Yalta city councils.
    The event focused on ensuring coordination between strategic documents and the development budget based on Performance Program Budgeting (PPB). Also, the participants were familiarized with the sources of financing for investment projects, which include savings created by economizing on energy resources through energy saving projects, funds borrowed by local councils, and guarantees granted by local governments, as well as resources sourced under pubic-private partnership arrangements.
     As the need for implementing energy saving projects in social and cultural institutions is becoming increasingly relevant, the training was also joined by the staff of territorial social service centers, hospitals, and maternity homes.
    Special focus was made on the latest changes in the legal framework, in particular, with regard to applying the Performance Program Budgeting method in the budget process.