RA Ministry of Finance employees and their Russian counterparts  discuss progress on developing a system to assess fiscal and  budgetary risks

ArmInfo. Arshaluys Harutyunyan, the Department Head of  the Macroeconomic Policy Department at the Ministry of Finance of the Republic of Armenia, along with department employees, held meetings in the Russian Federation with representatives from the Scientific Research Financial Institute of the Ministry of Finance of the Russian Federation and colleagues from the Russian Ministry of Finance.

As reported by the press service of the Armenian Ministry of Finance,  discussions during the visit focused on the  development of a system  for short-term forecasting of real sector economic indicators, as  well as a system for assessing fiscal and budgetary risks.

As part of the knowledge exchange, meetings were held with Evgeny  Dombrovsky,  Director of the Department of Budget Policy and  Strategic Planning at the Ministry of Finance of the Russian  Federation, and Irina Goptaya, Head of the Macroeconomic Policy  Department. The discussions covered the features of the  semi-structural gap model/SSGM for medium-term forecasting of  macroeconomic indicators, which is currently under development at the  Ministry of Finance of the Republic of Armenia, as well as the  planned directions for the development of the model system planned at  the Ministry of Finance of the Russian Federation.