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May 12, 2021
ECONOMY FINANCE&BANKING

PM Ciolos praises Finance Ministry for Budget Transparency programme

The Budget Transparency project is a step forward in terms of administration openness, of public expenditure, and makes data available to any individual or company, Prime Minister Dacian Ciolos declared on Friday.

All Romanian institutions funded from the state budget must upload on a public online platform their data on revenues and expenditure for consultation; within four months, the same will apply to state-owned companies. The platform was launched by the Ministry of Public Finance on Friday.

“It is just the first element – or an additional element to what I promised at the very beginning of this government’s term. That is, more transparency of the administration work, and especially more transparency of public expenditure. Not only transparency of how funds are allotted along various budget lines, where the money goes, but also the way it is spent. This goes both for central and local administration,” the premier said at the platform launch.

PM Ciolos added that openness is vital to improve the administration’s performances, and mentioned that he had asked the Ministry of Finance to carefully monitor the budget execution from the start, both in quantitative and qualitative terms. According to him, the programme should also remove some risks of fraud or corruption.

The prime minister thanked the Ministry of Public Finance for its effort in carrying out the project, especially as the institution is often seen as “a rigid, frozen, inward-oriented body.”

 

Finances Ministry launches online platform for budgets of public institutions

 

All Romanian institutions funded from the state budget must upload on a public online platform their data on revenues and expenditure for consultation; within four months, the same will apply to state-owned companies, Finance Minister Anca Dragu.

The platform, whose first stage was launched by the Ministry of Public Finance on Friday, will increase the transparency of budgets, improve the resource management and introduce automatic verification and control instruments, the minister explained.

The platform’s intuitive interface can be accessed by anyone using smartphones and tablets.

In the second stage, to be completed within two months, public access will be extended to the organization charts and staff figures, to aggregate reports, approved budget, signed contracts and accounting reports.

State-own companies will publish their similar data on the platform within four months.

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