Comments on the draft law amending and supplementing certain legislative acts to bring them into line with Law No. 181/2014
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Automatically translated summary. The full text is available in Romanian.
On 25 August 2017 the Ministry of Finance published for consultation a draft law amending 82 legislative acts to align them with the Law on Public Finance and Budgetary-Fiscal Responsibility No. 181 of 25 July 2014. The Independent Think Tank “Expert-Grup” comments on the four groups of proposed changes.
The Think Tank welcomes most of the changes: clearer responsibilities for heads of budget institutions, new rules for collected revenues, which currently cause inefficient spending, inequity and risks of abuse, and the removal of fixed budget or GDP shares for sectors. It stresses that the Ministry of Finance must also improve multiannual planning, budget transparency and parliamentary and public oversight.
It objects to two points. Budgets of the 14 independent authorities should still be approved by Parliament, since Moldova is not ready to change this without risking their independence. Removing the 80% fuel excise share and repealing Regulation 893/1996 on the Road Fund risks a return to the pre-2009 underfunding. It recommends keeping the share until a new financing concept is approved, developed with the Ministry of Economy.
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