Essay On The Budget Process
Budget planning the Republic of Moldova
The budget process in Moldova is regulated by Law no. 847 of 24.05.1996 on budget system and budget process and represents a number of “successive stages of development, approval, execution and reporting of budget execution”.
These stages constitute a “decision-making, democratic, political predominantly, continuous cyclical and with broad public impact process at macro and micro level, which manifests itself both economically and socially”.
In Moldova, the budget process consists of four consecutive steps:
1. Development of the State Budget - Ministry of Finance is responsible for this step and for the following key elements: identifying the state budget goals, sources of income and expense, establishing macroeconomic framework and the strategy on fiscal policy priorities. The Ministry
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• Conclusions
Contrary to national legislation and international best practices, the authorities do not comply with the budget calendar, the most important planning documents (laws state budget and MTBF) systematically are being approved late. Moreover, the public does not participate in the budget process, although the Government is obliged to involve citizens in the process.
Currently, public authorities are focused more on informing and very little communication with the public. To fully benefit from the participation of citizens is necessary that the institutions involved in the budget process to formulate policies on public consultations, to determine exactly agenda and objectives for public consultation and publish reports on public input in the process.
Finally, ignoring the opinion of civil society in defining the priorities of fiscal policy is not auspicious for efficient use of public money and respecting citizens'
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