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.
- » Bulgaria Adopts 2015 Budget with 3% Deficit
- » Fitch Maintains Bulgaria’s Credit Rating At ‘BBB-‘ With Stable Outlook
- » Government to Discuss New Bank Law
- » USD 25 B in Illicit Flows Syphoned Off from Bulgaria in 10 Years
- » Drop in Fuel Prices Results in Deflation in Bulgaria
- » FinMin Repays Municipalities' Funds Blocked in Corpbank
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.