The Ministry of Finance is drafting the concept of the Internal State Financial Control Development Program for 2023-2026.
This public policy document should contribute to the implementation of the Public Finance Management Development Strategy 2023-2030 by detailing and specifying the actions to be implemented in the medium term. In particular, the program aims to implement one of the components of the Strategy, which covers three areas - management internal control, internal audit, centralized coordination and harmonization of the internal public financial control system, which has been implemented since 2010. Despite the different levels of subordination of government agencies, the new program should have a systematic approach and logical structure. It will also include actions to overcome the bureaucratization of the management apparatus. It is noted that the process and mechanisms of internal control should be clear and well described and should not lead to the centralization of decision-making, based on constant checks and inspections, but rather - should create an environment suitable for the delegation of responsibility, authority and ensure a transparent and inclusive decision-making process at each level of government. At the same time, the internal audit is proposed to be strengthened through an appropriate amount of allocated funds, improvement of the quality, competence and professionalism of auditors, etc. Consultations on the concept of the program are held until March 17. // 09.03.2023 - InfoMarket.
