Public Finance management is basically about budgeting, allocation of resources to various activities, revenue management, expenditure, and reporting. In other words it comprises all of the functions of government that deal with money. PFM is a vital component and an essential part for the sustainable development process of economy. There is an increasing need for proper and sound Public Finance Management especially in the developing countries, as it is critical component upon the achievement of public policy objectives and goals. Needless to say that PFM is a complex process and is broad in scope, which includes taxation and tax policy, tax administration, cash-flow management, budget formulation and execution etc.
The government of Armenia has already make steps and intends to take further measurements aimed at strengthening Public Finance Management in Armenia and improve management of public expenditures, where the overall objective is to deepening Policy Based Budgeting and Strengthening Public Investment Management System. Towards this end the second stage of public finance management reform was set, back in 2010 which is a strategic program to be implemented in the Republic of Armenia over the next decade.
Thus, under the various projects which are conducted and are aimed at strengthening Public finance management in Armenia, the government needs great deal of consulting services. Avenue Consulting Group is ready to share with the expertise and deep industry knowledge to make various projects and programs concerning public finance management happen by providing with high quality management consulting in public sector management and financial management comprising the whole public finance management cycle.
our PROJECTS
Preparation of Functional and Technical Requirements for an E-Auction Platform for Public Property in Armenia
This project aimed to modernize and streamline the auctioning of public property in Armenia by preparing the Technical and Functional Specifications for an e-Auction platform.
Survey on Agricultural Cooperatives in Gegharkunik, Armavir, and Shirak Marzes
Avenue Consulting Group conducted a comprehensive survey on agricultural cooperatives within the communities of Gegharkunik, Armavir, and Shirak marzes as part of an initiative to strengthen local agricultural economies.
ENPARD Technical Assistance: Producer Group and Value Chains Development
Avenue Consulting Group provided targeted training and strategic support to producer groups in Gegharkunik, Aragatsotn, Kotayk, and Vayots Dzor Marzes as part of the European Neighbourhood Programme for Agriculture and Rural Development (ENPARD).
Compressed Natural Gas Cylinders Production Business Plan
In 2014, our team developed a detailed business plan and financial model for establishing a production facility for metal and metal-plastic Compressed Natural Gas (CNG) cylinders in Armenia.
Legal Due Diligence for Financing Compliance
This assignment focused on conducting a thorough legal due diligence process to ensure compliance with conditions precedents and the preparation of security documents necessary for securing financing from an international company.
Legal Review of Financing Agreements
Our legal team was engaged to conduct a thorough legal review of financing agreements and provide support during negotiations with a commercial bank.
Financial Modeling for Modernization of a Small Hydropower Station
As part of this project, Avenue Consulting Group developed a comprehensive long-term financial model for the modernization of a Small Hydropower Station (SHPP).
Development of a Comprehensive Business Plan for Poultry Farm
Our team was contracted to develop a comprehensive business plan for the mid-term development of a poultry farm.
Financial Modeling for Establishment of Orchards
ACG team developed a comprehensive financial model to support the establishment of mixed orchards on 100 hectares in Armenia.
Elaboration of Business Plan for Orchard and Nursery Center Development in Armenia
ACG team developed a comprehensive long-term business plan for the establishment and growth of an orchard and nursery center in Armenia.
Elaboration of Concept and Financial Modeling for Establishment of Mini-Poultries
This project involved the development of a detailed concept and financial model for establishing mini-poultries in Armenia, designed to be operated by individual farmers.
Comprehensive Socio-Economic Study of Armenia with Special Focus on Agricultural Value Chains
This project involved conducting a thorough socio-economic study of Armenia for Heifer Project International, using a wide range of available secondary data.