Fiscal Council criticises second budgetary adjustment, too

The Fiscal Council has criticised this year’s second budgetary adjustment as well, maintaining the substantial increase in the reserve fund by 1.6bn RON, also aimed at arrears payment, is not detailed along destinations, and the frequent social assistance expense revisions are pointing to weaknesses in the budgetary planning process.

“In accordance with the transparency principle, the Fiscal Council is recommending a detailed outline of additional allocations aimed at the budgetary reserve Fund in the documents annexed to the rectification draft, specifying the sum that is to be used for the payment of arrears,” reads the Fiscal Council’s opinion on the 2010 budget adjustment draft.
The Council sees as welcome the setting of clear criteria on the basis of which this fund will be distributed with a view to avoiding discretionary allocations, as well as the periodic publication of the amount of the budgetary reserve Fund and of the destinations it is distributed for.