About this learning event

The study visit to Hessian Ministry of Finance (Wiesbaden) will allow representatives of the Ministry of Finance of Montenegro (State Treasury) to learn directly from the State of Hessen, a pioneer in public sector accrual accounting in Germany. Hessen began its reform in 1998, produced its first accrual‑based financial statements in 2010, and later fully aligned its reporting with IPSAS and ESA standards. Its reform approach mirrors Montenegro’s ongoing efforts, including the adoption of IPSAS to national requirements and maintainance of a cash‑based, performance‑oriented budget alongside accrual accounting.

During the visit, the delegation will explore Hessen’s institutional setup, the structure and role of the State Treasury, its transition strategy toward accrual accounting, and the preparation and audit of financial statements. Discussions will also focus on the integration of FMIS, data quality controls, consolidation processes, and the contribution of accrual accounting to high quality statistical reporting. Overall, the visit is intended to support Montenegro’s ongoing public finance reform agenda by drawing on Hessen’s practical experience and esatblished governance framework.

Who should attend

This workshop is intended for representatives of the Ministry of Finance of Montenegro (State Treasury) and supports the ongoing reform of public sector accounting in Montenegro.

Partners

This learning initiative is supported by: