Moldovan cabinet approves new measures for developing domestic public financial control

Chisinau, 24 January /MOLDPRES/ – The Government approved today the Programme for Development of Public Internal Financial Control for 2018 – 2020 and the Action Plan for its implementation, as to strengthen management of public finances based upon principles of good governance, the government’s communication and protocol department has reported.

The Government aims to streamline public administration, reduce bureaucracy, minimize corruption risks, provide quality services for citizens and business environment throughout implementing these documents.

The concept of public internal financial control provides for increased managerial accountability and focuses on three pillars: financial management and control, internal audit and central harmonization unit.

The activities under the new programme will be geared towards creating pre – conditions for strengthening managerial accountability. It will also provide platforms for implementing public internal financial control within ministries and central public authorities.

A Twinning project funded by the European Union and the Dutch Ministry of Finance will support the implementation of the programme.