The Ministry of Finances presented on Monday a new draft law which aims to strengthen the public financial inspection and protect the financial interests of public units from the maladministration, property destruction, abuse of duty and corruption.
Official sources from the Ministry say that the law will also serve as a tool to confirm the implementation of law in using the public funds and will provide assistance in improving the management of public finances.
The subjects of this inspection will be governmental units, state societies, nonprofit organizations and joint authorities which are totally or partially owned, controlled or financed by a governmental unit. The draft law also sets a limit between the public financial inspection and the internal audit. All the inspected subjects have the right to claim at the Administrative Court.
For the compilation of this draft law, the Ministry has worked with foreign experts of IPA 2012 project, under the instrument of Prior to Enlargement Assistance, in the framework of IPA 2012 National Program.
News source: ATA
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