The executive approved the public internal financial control development program for 2018-2020 and the plan of action for implementing this. The documents will enable to manage public finances based on the principles of good governance, IPN reports.

By implementing these documents, the Government aims to improve public administration, diminish bureaucracy, minimize corruption risks and provide high-quality services for the people and the business community.

The concept of public internal financial control envisions the enhancement of managerial responsibility and is based on three pillars: financial management and control, internal audit, and central harmonization unit.

The activities within the new program will be used to create preconditions for increasing managerial responsibility. Also, there will be set up platforms for implementing public internal financial control at ministries and particular central pubic authorities.

A Twinning project financed by the European Union and the Ministry of Finance of the Netherlands will provide assistance in implementing this program.