Reforms in the field of public internal financial control are intensively implemented

20th September 2019, Skopje - Implementing reforms in the fields of managerial accountability, strategic and financial planning, financial inspection and quality of the internal control system in the public sector are a significant challenge. Our country intensively implements the reforms in these areas, aimed at improving the public financial management and control systems as regards public funds - Deputy Minister of Finance Shiret Elezi said at closing the Fifth Regional Conference for Public Internal Financial Control. During the conference, experience was exchanged as regards the managerial accountability, which will provide for achieving the goals in the public sector and increasing the confidence of citizens in the public sector.

In the recent years, Ministry of Finance undertook significant steps in the field of financial management and control, internal audit and financial inspection and successfully undertook activities for creating preconditions for establishing and developing public financial control system - Deputy Minister said.

In the recent years, Ministry of Finance undertook significant steps in the field of financial management and control, internal audit and financial inspection and successfully undertook activities for creating preconditions for establishing and developing public financial control system - Deputy Minister said.

Raymond Hill, Team Leader for Public Internal Financial Control in the European Commission's Directorate-General for Budget, also delivered a speech at the conference.

 “The European Commission promotes ongoing cooperation between all countries in the western Balkan region. This Seminar in North Macedonia has been a great success and countries have demonstrated progress with the improvement of internal control systems. The European Commission will continue to provide technical support for further implementation of the reforms - Hill said.  

Exchange of experience in the field of public internal financial control are of great significance taking into account that the establishment of efficient system increases the efficiency in using the public funds. At the same time, the efficient functioning of the public internal control system is of crucial importance for cost-effective, responsible, transparent and accountable operations.  

However, in March this year, the Government of the Republic of North Macedonia adopted the Public Internal Financial Control Policy Paper with Action Plan for the period 2019-2021. It is a matter of a strategic document for further development of the internal control system in the public sector in our country.

In line with the Action Plan of this document, some of the activities envisaged in the past period have already been implemented, such as the preparation of the Draft Law on Public Internal Financial Control.