As follows from the annual report of the Accounts Chamber, underestimation of assets is one of the systemic problems of public finance. It is caused by the lack of accounting for the real value of assets or “unrecorded” at all, confusion in the transfer from balance sheet to balance sheet, and sometimes by a deliberate unwillingness to reflect assets.
Speaking in terms of numbers, we can outline the scale of depreciation of the state’s own assets. In fact, the value of roads and land plots in the amount of about 61.9 billion lei, the value of forest lands in the amount of about 4.7 billion lei, railway infrastructure and the lands occupied by it in the amount of about 4.1 billion lei have been taken out of the state turnover.
Also, the value of public property related to high-voltage installations in the amount of 933.7 million lei, the value of goods transferred to the management of state institutions with financial autonomy in the amount of at least 575.1 million lei, etc. were not taken into account.
The annual report of the Court of Accounts on the missions carried out was sent to the legislative body. The activity of the auditors in the reporting period was not limited to the technical presentation of the results of the audits, but also focused on the identification of systemic problems that affect the efficiency of public finances.
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