All Bulgarian Ministries to Undergo Audits by August 25
All ministries will be subject to audits in the period August 15-25 as part of a set of priority economic measures of Bulgaria's caretaker government.
According to a media statement of the Finance Ministry, the summary report containing the results of all inspections is to be ready by the end of August.
The priority tasks of the caretaker government include audits of primary authorizing officers for the expenses they made and the financial obligations and commitments they undertook, as well as an analysis of their compliance with the State Budget Act and the subsequent impact on budget parameters, according to the Finance Ministry.
The audits are to be carried out by the internal audit units of the respective entities, while the Public Financial Inspection Agency (PFIA) will conduct simultaneous financial inspections.
The audits are coordinated by caretaker Deputy Finance Minister Temenuzhka Petkova.
- » Foreign Direct Investment in Bulgaria Down 6.9% Y/Y in Jan-Feb 2015
- » Tsvetan Vasilev: Central Bank's Actions on KTB 'Prove Dependencies'
- » Bulgaria’s Finance Ministry Boasts about Success of Newly Issued Bonds on Secondary Market
- » Bulgaria’s Finance Minister: Differentiated VAT Rates Are Tough to Administer
- » SMEs in Northwestern Bulgaria to be Granted EU Funds with Priority
- » Tsvetan Vasilev to Take Bulgaria to Court over KTB
I'm so looking forward to the results at the end of the month of the audits of all the ministries, and to see exactly what the true picture and situation is that the last government has left us with.
That's precisely why a caretaker government is needed - in order to determine what kind of condition the books are in and to do so before anyone can start to campaign earnestly and appropriately, and not to be making rash commitments and promises to the electorate that won't be able to be delivered due to dire financial straits.