Publication: Romania - Functional Review : Public Finance Sector
The objective of this review is to analyze the public finance and revenue administration function across the Government of Romania and to identify opportunities for enhancements in strategy, processes and organization. The review provides a strategic, medium-term vision for the development of the public finance function while being responsive to immediate problems and challenges. The current fiscal adjustment has reinforced the importance of strong fiscal institutions and public financial management systems. Romania has already taken important steps to improve public financial management but progress has been uneven. Notwithstanding past achievements, there is room for further strengthening of the public finance function, especially in continuing to shift its focus and capabilities from transaction related control to more policy and efficiency oriented tasks.
“World Bank. 2010. Romania - Functional Review : Public Finance Sector. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/9b126d61-025c-5d80-a391-4f3d408de1d3 License: CC BY 3.0 IGO.”