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Kick-off meeting of the high-level European 'City Economic and Financial Governance Group – A leap towards transparency, accountability and sustainability of public finances’. Maastricht, 26-27 June 2014.

Initiated and powered by the City Council of Barcelona and managed by EIPA this project gathers five larger cities: Barcelona (ES), Dublin (IRL), Hamburg (DE), Milan (IT) and Vienna (AT), most of which are former EPSA awarded cities. Presence of the Vice-Mayor of Barcelona for the official ceremony on 26 June in Maastricht (NL).

This partnership between five larger European cities aims at benchmarking and creating a space for mutual learning in the field of economic and financial governance. The CFOs and finance managers of the five cities will discuss and analyse in four meetings burning issues such as their budget practices, integrated financial management systems, their financial accounting practices in relation to the European Public Sector Accounting Standards (EPSAS) as well as national and European accounting systems to discuss their effects on economic development and growth. This timely initiative is supported through active participation by the European Commission – Eurostat - as it coincides with their efforts to formulate the EPSAS and to apply them EU wide. The benefits of this project lie in the mutual administrative capacity building approach with inputs of real cases and practices from the city level parallel to reflections and discussions around the various topics.

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