Selected update
Updated: 08/2015 Parameter update history
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Ministry prepares a law proposal with a solution |
The proposal of the Act on management and control of public finance which would replace the existing dysfunctional Act on financial control in public administration is being prepared by the Ministry of finance.
Compared to current state
Updated: 08/2017 Parameter update history
Effectiveness: | 0%
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The law proposal is in the Lower Chamber |
The proposal of the Act on management and control of public finance, which should replace the existing dysfunctional Act on financial control in public administration was returned by the Upper Chamber to the Lower Chamber of the Parliament for the final vote. The Act does not include crucial mechanisms for an efficient system of internal audit or reduction of duplicit and ineffective inspections and checks. The Act diverges from the European and international audit standards applicable to the public administration. At the same time, the conflict of interest in spending of public funds as well as the independence of the audit body is not dealt with sufficiently