How Public Money Is Lost: Summary of Court of Accounts Reports, First Half of 2017
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Automatically translated summary. The full text is available in Romanian.
The Independent Think Tank “Expert-Grup” has published a synthesis of the Court of Accounts reports issued in the first half of 2017, when 10 decisions were published. The study covers four topics: health insurance funds, social insurance spending, the restructuring of the wine sector and the food safety agency's finances.
For the first time, the Court of Accounts raises the financial sustainability of the pension and health systems. Earlier reforms only partly changed the situation, owing to poor planning, funding not based on priorities and the authorities' limited capacity to coordinate large projects.
The wine sector programme “Filiera Vinului”, launched in 2010 with a EUR 75.0 million European Investment Bank loan, brought renovated wineries and new laboratories. However, the financial leasing component started three years late, the loan went partly unused and costs exceeded EUR 118,000 in 2011–2017. The National Food Safety Agency received an adverse audit opinion. Quantifiable non-conformities totalled MDL 77.8 million; unremedied asset irregularities (MDL 53.6 million) equal 14.3% of non-financial assets, indicating a high risk of losing public property.
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