“We have a problem relating to the ability of institutions to implement projects in a timely manner,” emphasised Adrian Lebedinschi (PSRM), Chair of the parliamentary committee on public finance oversight. “The fact that the state pays commission fees to creditors for funds it does not use puts pressure on the budget.”
Committee members analysed shortcomings in asset management and the trend in public debt on the basis of reports from the Court of Auditors on how state institutions managed public funds and national assets last year. MPs focused on the consolidated financial statements of the Ministry of Finance and the Ministry of Economic Development and Digitalisation, as well as on verifying compliance with requirements regarding the management of public debt and state guarantees.
Errors in the registration of state-owned property and land
Although the financial statements generally provide an accurate picture of the situation, the auditors identified a number of systemic shortcomings requiring urgent rectification. Among the most pressing issues are errors in the registration of state-owned property and land.
For instance, the audit revealed discrepancies in the registration of specialised structures and mobile wagons used by the Customs Service, as well as the absence of rights of use for certain plots of land administered by the State Tax Service.
“The consolidated financial statements provide a true and fair view in all material respects; however, qualified opinions were issued due to misstatements. This concerns fixed assets, temporary structures and land plots which are incorrectly reflected in the financial statements or have not been registered with the cadastral authority,” explained a representative of the Accounts Chamber.
With regard to the Ministry of Economic Development and Digitalisation, irregularities were identified relating to the failure to recognise and register state assets managed by free economic zones. The Commission analysed the difficulties faced by the Organisation for the Development of Entrepreneurship (ODE) in the process of recovering debts from economic agents within the framework of bankruptcy proceedings.
Following the hearings, the Commission members approved draft resolutions on the implementation of the state budget, the state social insurance budget and the compulsory health insurance funds. The annual reports on the activities of the Audit Chamber were also approved; resolutions on these will be submitted to a plenary session of Parliament for final adoption.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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