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Forexebug Implementation And Role In Increasing Public Administration Accountability

Author

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  • Ionela Popa

    (”Constantin Brâncoveanu” University, Pitesti, Romania)

Abstract

The Master Loan Agreement with the International Monetary Fund has laid down that the commissioning of an advanced information service for reporting financial statements of public institutions should be one of the control elements to achieve Romania’s obligations. In its relations with international financial institutions such as the International Monetary Fund or the World Bank, the Ministry of Finance is requested to give detailed information regarding the financial statements of public institutions. In such circumstances, it has been imposed that the Ministry of Finance should be aware of budget implementation and budget commitments detailed at primary level, in a functional and economic profile, of all approximately 15,000 public institutions and businesses, consolidate this information into a data base available both to the Ministry of Finance and to other stakeholders. In order to achieve this goal, this year they have managed to implement the FOREXEBUG information system. This paper aims to highlight the features of its implementation and its effectiveness in increasing public awareness.

Suggested Citation

  • Ionela Popa, 2017. "Forexebug Implementation And Role In Increasing Public Administration Accountability," Management Strategies Journal, Constantin Brancoveanu University, vol. 35(1), pages 85-90.
    • Handle: RePEc:brc:journl:v:35:y:2017:i:1:p:85-90
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    More about this item

    Keywords

    public administration; accountability; reporting; financial statements;
    All these keywords.

    JEL classification:

    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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