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Skupština Crne Gore
Tuesday, 24. November 2015. 15:31

121st meeting of the Committee on Economy, Finance and Budget ends

Proposal for the Law on 2014 Final Budget Statement supported

During the continuation of the meeting, the Minister of Finance and the President of the Senate of the State Audit Institution made introductory explanatory statements, whereupon the Committee has considered the Proposal for the Law on 2014 Final Budget Statement together with the Report of the State Audit Institution on audit of the Proposal for the Law and discussed the achievement of financial budgetary performances for 2014.

The Committee stated that the SAI gave a positive opinion on financial audit of the Proposal for the Law on 2014 Final Budget Statement. During the discussion, the greatest attention of MPs was caused by the basis for expressing conditional opinion on the regularity of the audit. MPs’ questions, inter alia, were related to: exceeding of budgetary spending, redirections, guarantees, payment of court decisions, public debt, local governments debt, amount of the cash deficit, ratio of interest and capital budget, tax debt, and deferred tax and non-tax claims, etc.

Following the discussion, the Committee decided to propose to the Parliament to adopt the Proposal for the Law on 2014 Final Budget Statement.

With the aim of improving the system of public spending, the Committee unanimously supported findings and recommendation of the SAI, arising from the audit of the Proposal for the Law on 2014 Final Budget Statement exceeding of budgetary spending, redirections and scope of public spending, cash deposits, budget expenditures and system of internal financial control. The Committee decided to propose to the Parliament to adopt, in addition to the above, the conclusions relating to property, public procurement, capital expenditures, as well as one that refers to the need for monitoring the implementation of the adopted conclusions and holding of control hearings with representatives of those audited entities that have received a negative opinion.