Control commission of public finances to be created within Parliament
foto: publika.md
Parliament will set up a standing committee to examine the Court of Auditors' reports. The new commission will be called the Public Financial Control Commission and will be operational from the next parliamentary term. The initiative belongs to Andrian Candu, the President of Parliament. It was examined and supported by the majority of Members in the first reading. At today's meeting, the Legal Commission, Appointments and Immunities decided to propose to Parliament's plenary its endorsement.
The new provisions introduce a new concept, the external audit, and assumes that the Public Financial Control Commission will have the role of assuring the legal framework regarding external public audit and the organization of the supreme audit institution.
It will also review the annual and audit reports of the Court of Auditors and Audited Entities, review petitions and organize public audiences on the use of public patrimony, examine parliamentary scrutiny of the work of central and local authorities to implement legislation on the use of financial resources public, and will execute the decisions and addresses of the Constitutional Court in the field.
According to the President of the Parliament, the creation of the Commission will allow for increased transparency in the use of public money and will increase the responsibility of the authorities in the use of public funds.
The draft also stipulates that the Parliament will hear in plenary sessions the annual report of the Court of Auditors presented before 1 May and the annual report on the administration and use of public financial resources and public patrimony submitted by 15 September.
The Court of Accounts will also annually carry out annually the audit of the Government's reports on the execution of the state budget, state social insurance budget and mandatory health insurance funds. These reports will be submitted by 1 June and heard in plenary sessions of Parliament.
Public Finance Control Committees exist in several European Parliament institutions.
The new provisions introduce a new concept, the external audit, and assumes that the Public Financial Control Commission will have the role of assuring the legal framework regarding external public audit and the organization of the supreme audit institution.
It will also review the annual and audit reports of the Court of Auditors and Audited Entities, review petitions and organize public audiences on the use of public patrimony, examine parliamentary scrutiny of the work of central and local authorities to implement legislation on the use of financial resources public, and will execute the decisions and addresses of the Constitutional Court in the field.
According to the President of the Parliament, the creation of the Commission will allow for increased transparency in the use of public money and will increase the responsibility of the authorities in the use of public funds.
The draft also stipulates that the Parliament will hear in plenary sessions the annual report of the Court of Auditors presented before 1 May and the annual report on the administration and use of public financial resources and public patrimony submitted by 15 September.
The Court of Accounts will also annually carry out annually the audit of the Government's reports on the execution of the state budget, state social insurance budget and mandatory health insurance funds. These reports will be submitted by 1 June and heard in plenary sessions of Parliament.
Public Finance Control Committees exist in several European Parliament institutions.