The parliamentary Economy Commission discussed on Monday, October 05, the changes made in the law “For the financial management and control”, which aims to provide a better legal framework for the management of public funds and increase the transparency in this regard.
According to the Minister of Finances Shkelqim Cani which was present at the meeting, these legal changes aim to improve the usage of public funds and to identify the political functions from managerial functions. A contrary approach was expressed by the Democratic Party MP Sherefedin Shehu who declared that such changes are just a pun.
The new law foresees that the financial control of public fund’ report will be part of the factual budget while every budgetary institution will have to employee a coordinator which will be responsible for institution’s financial control. The interventions made at the article number 12 also foresee the revise of the criteria for the role of enforcement officers in financial institutions.
Such law is applied for governmental units, trade associations, nongovernmental organizations and joint authorities which are owned, controlled or financed by general governmental units and other units that spend public funds, based on international agreements. The parliamentary Economy Commission has been supported by the Austrian and French Ministries of Finances for the amendment of this law.
News source: ATA
Photo credits: Lucas Hayas / Flickr