The central budget management system and the impact thereof

Abstract

One of the key elements of the state budget reform is that of the execution of the budget, making the utilization of public funds and EU subsidies more transparent and controllable. The purpose of the concept of the budget management system developed by the Ministry of Finance is to introduce, besides the reorganization of the Treasury processes, changes in the regulatory system for the central budgetary institutions such as ministries, government offices, central offices, law enforcement agencies and other background institutions based on the reporting of preliminary and comprehensive commitments, in order to support the reform process in this way as well.