Hungary: ÁSZ urges careful analysis in preparation of budget rules
Hungary’s State Audit Office (ÁSZ) urged the FinMin to pay special attention to the preparation of impact studies and analysis necessary to draw up new budget rules in a report published Thursday.
The report was based on an audit of the Finance Ministry and institutions it oversees carried out between 2004 and the H1 of 2007. Before signing contracts on subsidies for projects, the ministry must more carefully consider risks, such as higher-than-expected costs and possible conflicts with the government’s reform program, ASZ said. The ministry also needs to rethink the internal oversight system for the budget. It must determine why residuals are left at ministries and take legal steps, if necessary, to correct the situation. ÁSZ acknowledged steps the ministry has taken to make budget reforms, though it noted that earlier governments attempted, but failed to implement, budget reforms in 2000 and 2004. (MTI-Econews)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.