Database of think tanks / The Public Finance Monitoring Center (PFMC)

The key task of PFMC is to trace the flow of public finance mainly in three directions:
· Monitoring of oil revenues, which mostly concentrated in the State Oil Fund of Azerbaijan (SOFAZ);
· Implementation of permanent budget monitoring though tracing the efficient development of the state budget and right use of its resources (on appointment);
· Monitoring of the financial activities of the state-run enterprises under natural monopoly (mostly the Fuel and Energy Complex) and international credits, attracted for investment projects under governmental guarantees.

Goals of PFMC are as follows:
· Achievement of efficient management over public finances and opportunities for their rationalization;
· Making the public to take more active part in issues of efficient use of public finance;
· Achievement of more transparent and efficient use of public finance for the sake of the nation.

Type

State organization

Date of foundation

June 1, 2003

Address

39, Fizuly str., apart. 28, 30,
Telephone: 99412 497 8967
Fax: 99412 494 0455

Key areas of activity