Mar 16, 2016

The FIASR Project is an Example of How the CEF Enables Experts to Learn About Fiscal Planning in Application of Structural Reforms

My cooperation with the CEF started with the Fiscal Impact Assessment of Structural Reforms (FIASR) project that provided systemic budgetary approach to fiscal issues of structural reforms. I attended the seminar under this initiative where I presented a case study on Montenegro.

I had the chance to share Montenegro’s experience with other colleagues from the region, and I received positive feedback on my presentation. The seminar helped me understand what are the lessons learned to be considered in our future endeavors and what is the best practice in assessing the fiscal costs of structural reforms.

These reforms present for Montenegro, as a young country, a tool for building a competitive and efficient economic system; the planned systemic changes are possible only with efficient calculation of fiscal costs.

The lessons learned enabled me to further develop my capacities to perform as a national coordinator of Montenegro’s Economic Reform Program that includes structural reforms and their net fiscal impact. I am currently also a member of a government team that coordinates the New Plan of Structural Reforms in Montenegro.

The FIASR project gave a systemic budgetary approach to the fiscal issues of structural reforms and showed that clear calculation of the fiscal costs of structural reforms could have a positive impact on the future generations of tax-payers.

FIASR is an example of how the CEF enables experts to learn more about the importance of fiscal planning in implementing structural reforms. As a knowledge hub, the CEF provides a platform for the officials from the region to meet and exchange experience.

Tijana Stanković
Advisor to Deputy Prime Minister
Cabinet of Deputy Prime Minister for Economic Policy and Financial System
Government of Montenegro