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The "Public Finance Management Strategy" is approved / Some of the measures foreseen until 2030

2024-06-19 10:06:00, Ekonomi CNA

The "Public Finance Management Strategy" is approved / Some of the

Illustrative photo, taken from Google

The "Public Finance Management Strategy" was approved at the last meeting of the Council of Ministers. The document was submitted to the beginning of the public consultation process by the Ministry of Finance, starting from the beginning of April.

It is about the third strategy that focuses on taking measures in order to further strengthen Public Finances, a document agreed with the European Union, also within the EU integration process.

The government commits to the implementation of these measures until 2030. In the strategy, the foreseen measures are categorized into six main pillars, which are related to macroeconomic programming and risk monitoring, integrated strategic and budget planning, management and mobilization of revenue, accounting and budget implementation management, internal public financial control, as well as external supervision.

As for the first pillar, some of the objectives are related to the maintenance and further improvement of systems for the development and monitoring of a sound fiscal policy, the realization of advanced macroeconomic forecasts, as well as the undertaking of practices as sustainable as possible. pertains to fiscal risk management.

In relation to integrated planning and monitoring and transparent reporting, the strategy aims to further improve the procedures and practices of integrated strategic planning and medium-term budget planning at all levels of government, increase monitoring and transparent reporting, as well as an inclusion even wider public participation in budget processes.

Regarding revenues, it is intended to increase their mobilization through the development and implementation of advanced tax policies, the further improvement of tax management systems, as well as the modernization of the risk management systems of the customs administration, in accordance with EU requirements. -'s.

Another objective, also left by the IMF and already requested by the EU, is the approval and implementation of the Medium-Term Revenue Strategy, with a focus on increasing good administration, avoiding evasion and deepening the fight against informality.

In the fourth pillar, the reforms that are intended to be undertaken are aimed at strengthening the management practices of budget implementation, including improving and increasing the use of the Government Financial Information System (SIFQ), implementing the reforms of the International Public Accounting Standards, as well as strengthening of reporting debt management practices.

While referring to the internal financial control, it is intended to further improve the systems for Internal Public Financial Control in accordance with the practices accepted by the EU, as well as the further strengthening of the financial management systems to better absorb the financial support of the EU. -'s.

As for external supervision, some of the objectives targeted in the strategy are related to increasing the control and supervision of other institutions in terms of public finance management, which include the Parliamentary Committee for the Economy and the KLSH./ Monitor