Spending review represents a set of organizational and analytical activities aimed to supporting the establishment of an efficient system of public expenditures and identifying potential sectors/areas where non-priority or inefficient expenditures are produced.
| No. | Date | Activity done | Reference documents |
|---|---|---|---|
1. |
In this compartment you’ll find methodological rules regarding the estimation, planning and reporting staff costs and the number of staff units in the budget sector, like circulars/informative notes on the application of legislation in the field.
One of the indicative targets set by the Supplementary Memorandum on Economic and Financial Policies is the Government General Payments Fund. For this purpose, in order to ensure the presentation of the data requested according to the Technical Memorandum of Understanding, the Ministry of Finance prepares and presents monthly information on:
The payroll system represents all the regulations that determine the conditions in which the employer carries out the work-related contraption done by each employee, the operations and activities consisting in determining and paying the salary such as: evidence of salary situation, composion of the salary constituent elements, payment of wages.
The Fiscal Governance is an element of fiscal responsibility and can be defined as a set of rules, regulations and procedures that influence the fiscal policy preparation, approval, implementation and monitoring.
An effective Fiscal Governance includes:
A basic function of any government involves collecting and disbursing public funds and maintaining registers of such expenditures. Reporting systems on budget execution vary widely in terms of organization, transparency, accuracy and degree of detail. For researchers, the ability to easily access and analyse data on public spending is essential in order to provide exhaustive and timely advice to relevant staff and stakeholders.
The Ministry of Finance prepares the Citizens' Budget in order to improve public access to budget information and promote accountability and transparency in Public Finance Management.
The citizens' budget presents the budget in simple language, highlighting its important features, thus facilitating the understanding of the budget and its basic information by ordinary citizens.
Annually, according to the budget calendar, the Ministry of Finance issues a circular on preparation and presentation of proposals for the draft State Budget for the next budget year. The budget circular is submitted to the Central Public Authorities in order to guide them in the preparation of proposals for the draft State Budget.
The Budget Circular includes:
The main purpose of the methodological set for budget preparation, approval and modification is the methodological regulation of the budgetary planning process and the implementation of budgetary legislation. In particular, the set determines the steps, key data and responsibilities in the budget process, sets out the procedures, requirements and formats for disclosing the information necessary to develop and approve the Medium-Term Budget Framework and the annual budget.
