How Public Money Is Lost: A Synthesis of the Court of Accounts Reports Published in the First and Second Quarters of 2012
Automatically translated summary. The full text is available in Romanian.
In the first and second quarters of 2012, the Court of Accounts of the Republic of Moldova published 17 decisions covering audits of district budgets, the management of public property by district authorities and some state enterprises, and how certain ministries managed public resources. This synthesis summarises the main findings.
Practically all of the Court's reports found significant misstatements. The document compiles the most serious irregularities and inefficiencies identified in the audited entities.
They fall into three main areas: (i) dysfunctional procedures governing the procurement of goods, services and works, and the making of capital investments; (ii) irregular and inefficient current practices in granting salary supplements and bonuses; and (iii) defective internal control, which fails to ensure the transparency of the operations carried out by these entities.
Recent publications from Public finance
See all
State-Owned Companies: Inquiry Committee Report Confirms a Worrying Diagnosis and Proposes an Action Plan That Can No Longer Be Postponed
Moldova must launch a broad fiscal consolidation reform to bring the budget deficit within manageable limits
Monitoring Report on the Implementation of the State Property Management Strategy for State-Owned Enterprises and Companies with Fully or Majority State Capital
