Penza, 5 October 2016. PenzaNews. The Ministry of Finance assigned the Penza region the highest quality level in the field of regional finance management.

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As the press service of the regional government told PenzaNews, the practice of organization of the budget process accumulated in the region, can be used for implementation in other regions of Russia.

“The Penza region was praised based on the results of the quality monitoring in 2015,” the press service said.

Monitoring and evaluation of the regional finance management is conducted annually by the Ministry of Finance in order to create incentives to improve the quality of management in the Russian regions. The rating is given based on the information from the Federal Service of State Statistics, indicators approved by the budget law of the Russian region, budget performance reporting.