For CCAMTAC member countries, in general CCAMTAC advisors focus on the following areas:
• Macroeconomic analysis: macro-frameworks, analysis, forecasting, and communications.
• Fiscal policy: public financial management, macro-fiscal issues, revenue administration.
• Monetary and financial sector: central bank operations and financial regulation and supervision.
• Macroeconomic statistics: national accounts, price, and government-finance and debt statistics.
Technical assistance (TA) is demand driven, taking into account priorities and available resources. Capacity development activities for Armenia included:
Public Financial Management: Budget Preparation (June 28-July 30, 2021) (extended)
The purpose of the activity is to assist the Ministry of Finance (MoF) to pilot the revised distinction between mandatory and discretionary expenditures. An earlier FAD mission in October 2020 recommended a methodology for identifying, mapping, and documenting mandatory expenditures, and distinguishing them from discretionary expenditures.
Real Sector Statistics: National accounts (June 21-25, 2021)
A remote CCAMTAC technical assistance mission assisted the Statistical Committee of the Republic of Armenia (SCA) in (i) developing institutional sector accounts; and (ii) updating the reference year of the chain-linked GDP estimates at constant prices. The mission provided examples of best practices in balancing the sequence of accounts. These examples and recommendations will help the SCA to finalize the compilation of financial accounts. The mission also reviewed the compilation of constant-price GDP estimates with the current reference year 2008. A new draft chain-linked time series were compiled with the updated reference year 2013.
Revenue Administration (March 1 - April 30, 2021)
The expert assisted the authorities to strengthen revenue administration management and governance arrangements. One focus of the reforms in revenue administration is on addressing tax non-compliance. The Armenia State Revenue Committee (SRC) has started implementing compliance risk management (CRM) methodologies in their organization. The TA has supported the authorities through an innovative “virtual help desk” approach. The project supports the ongoing development of the CRM strategy and provides advice on aspects of CRM governance and the implementation of SRC’s roadmap plan.
