World Bank2013-07-252013-07-252003-09-12https://hdl.handle.net/10986/14604The overall conclusion of this report is that despite some progress in improving public financial management, the financial accountability framework in Moldova is weak and requires substantial strengthening. This has important implications for both the Government and the Bank: the Government will need to make a significant effort over a long period of time to attend the issues identified within this report; and the Bank cannot rely on the Moldovan financial accountability framework to ensure that funds are spent for intended purposes, but rather the Bank will need to review and assess each operation's financial management risks and arrangements on its own merit. It would be unrealistic and impractical for the authorities to try to simultaneously address the many recommendations in this report. The Development Action Plan (DAP) lists and prioritizes the main recommendations of this CFAA. The overall responsibility for the implementation of the DAP rests with the Ministry of Finance however the Ministry of Economy, the Ministry of Labor, the Court of Accounts and the National Bank of Moldova also play significant roles. The DAP was endorsed by the National Steering Committee that was formed specifically for the purpose of this CFAA. The Board endorsed the CAS Progress Report in June 2002, which provided emphasis in public sector reforms and improving governance. The Government confirmed its commitment for strengthening governance by adopting a comprehensive public sector reform strategy. The strategy comprises three elements: (i) public administration reform; (ii) public expenditure management; and (iii) public/private interface. The CAS Progress Report recognized that Government has made significant progress in streamlining and improving public expenditure management, especially in the areas of budget execution, cash management, and debt management.en-USCC BY 3.0 IGOACCOUNTACCOUNTABILITYACCOUNTANTSACCOUNTINGACCOUNTING RECORDSACCOUNTING STANDARDSACCOUNTSAUDITINGAUDITING STANDARDSAUDITORSAUDITSAUTHORITYAUTONOMOUS AGENCYBANKING SECTORBUDGET ESTIMATESBUDGET EXECUTIONBUDGET EXPENDITURESBUDGET FORMULATIONBUDGET PROCESSBUDGET REVENUESBUDGET SYSTEMBUDGET TRANSFERSBUDGETARY EXPENDITURESBUDGETARY FUNDSBUDGETARY RESOURCESBUSINESS ASSOCIATIONSCASH MANAGEMENTCENTRAL BANKSCENTRAL GOVERNMENTCITIZENSCIVIL SERVICECONSOLIDATED FINANCIAL STATEMENTSCONSTITUTIONCORRUPTIONDEBTDEBT MANAGEMENTDEBT SERVICEDECISION MAKINGDECREEDEMOCRACYEBFECONOMIC GROWTHECONOMIC PERFORMANCEELECTORAL SYSTEMEXECUTIONEXPENDITUREEXTRA BUDGETARY FUNDSFINANCIAL ACCOUNTABILITYFINANCIAL ANALYSISFINANCIAL CONTROLFINANCIAL INFORMATIONFINANCIAL INSTITUTIONSFINANCIAL MANAGEMENTFINANCIAL PERFORMANCEFINANCIAL PLANFINANCIAL PLANSFINANCIAL REPORTINGFINANCIAL REPORTING STANDARDSFISCALFISCAL POLICYFISCAL REFORMFISCAL YEARGOVERNMENT BUDGETSGOVERNMENT DECISIONGOVERNMENT LEVELGOVERNMENT SERVICESGOVERNMENTAL ORGANIZATIONINSTITUTIONAL CAPACITYINSTITUTIONAL CONSTRAINTSINSTITUTIONAL FRAMEWORKINTERNAL AUDITINTERNATIONAL ACCOUNTING STANDARDSLAWSLEGISLATIONLOBBYINGLOCAL GOVERNMENTLOCAL GOVERNMENT AUTHORITIESLOCAL GOVERNMENT BUDGETSLOCAL GOVERNMENT INSTITUTIONSLOCAL GOVERNMENTSLOCAL PUBLIC ADMINISTRATIONMANAGEMENTMINISTRY OF FINANCEMUNICIPALITIESMUNICIPALITYNATIONAL BUDGETNATURAL RESOURCESPENSIONSPOLITICAL CONSENSUSPOLITICAL INSTABILITYPOLITICIANSPRIME MINISTERSPRIVATE SECTORPRIVATIZATIONPROCUREMENTPROGRAM BUDGETINGPUBLIC ADMINISTRATIONPUBLIC ADMINISTRATION REFORMPUBLIC EXPENDITUREPUBLIC EXPENDITURE MANAGEMENTPUBLIC EXPENDITURESPUBLIC FUNDSPUBLIC INSTITUTIONSPUBLIC POLICYPUBLIC RESOURCESPUBLIC REVENUESPUBLIC SECTORPUBLIC SECTOR ACCOUNTINGPUBLIC SECTOR REFORMREPRESENTATIVESRESOURCE ALLOCATIONREVENUE AUTHORITIESSOCIAL ASSISTANCESOCIAL INSURANCESOCIAL PROTECTIONSTATE AGENCIESSTATE BUDGETSTATE FUNDSSTATE OWNED ENTERPRISESSTATUTORY AUDITORSSTRUCTURAL ADJUSTMENTSTRUCTURE OF GOVERNMENTTAXTECHNICAL ASSISTANCETHE NATIONAL BANK OF MOLDOVATRADE UNIONSTRANSPARENCYTREASURY FINANCIAL ACCOUNTABILITYPUBLIC FINANCE MANAGEMENTACCOUNTABILITY IN GOVERNANCEFINANCIAL MANAGEMENTDEVELOPMENT ACTION PLANSSECTOR REVIEWSGOVERNANCE POLICIESREFORM STRATEGIESPUBLIC ADMINISTRATION REFORMPUBLIC EXPENDITURE MANAGEMENTBUDGET EXECUTIONCASH MANAGEMENTDEBT MANAGEMENTWorld Bank10.1596/14604