Buletin 3_4-2010 web.pdf - Curtea de Conturi a Republicii Moldova

− permanent weaknesses in accounting and
financial discipline;
− lack of approved procedures to ensure the
internal control system .
as a result:
public financial management in the CPA and
LPA showed significant deficiencies in financial
and accounting discipline due to low responsibility
of budget managers that influenced
the accuracy of financial statements and
assets management, and impeded a compliant
management governed by good economic
and financial administration .
II . State budget implementation
Reported revenue and expenditure performance,
respectively, at 105 .0% and 96 .5% level,
budget deficit of MDL 3370 .0 million, or
less by MDL 1285 .3 million compared to specified
level (72 .4%) .
Cash implementation indicators, in all material
respect s, present fairly the budget year, are
consistent with to data in Treasury records –
unqualified opinion on cash implementation .
At the same time, the CoA reveals some irregularities
and observations related to compliance and
legality of operations in both revenue and expenditure,
and to the accuracy of financial statements,
which could not be corrected, but are to be taken
into account by all parties to avoid them in the
future .
revenues:
According to the state budget components
the basic component revenues hold a 83 .5%
share .
Incomplete collection of 25 types of income
– by types, is MDL 201 .0 mln and erroneous
reporting of MDL 100 .0 mln – transfer in advance
by JSC “Moldtelecom” from 2009 profit
– under “internal grants” instead of “Disbursements
from net profit of state enterprises” .
Failures to collect dividends from JSC and
disbursements from net profit of enterprises
– MDL 95 .0 million (indication of First Deputy
Prime Minister No 0204-943 of 07 .08 .2009) .
Failures to receive interest, penalties and additional
interest from some companies – MDL
23 .6 mln and USD 0 .3 mln, annulled by Law
No . 2-XVI of 02 .02 .2009 .
Arrears to state budget of traders as at
31 .12 .2009 – MDL 358 .9 mln, increasing by
10 .2% compared to the beginning of the year
(by MDL 33 .3 mln) .
State budget implementation
expenditures:
Cash implementation – by main groups –
73 .9% -99 .5%, approved budget limits not
used in the amount of MDL 629 .4 million .
Expenditures exceeding the limit – MDL 172 .7
million (MAFI – MDL 127 .1 mln, MA – MDL
20 .6 mln, SG – MDL 10 .7 mln), the formation
of accounts payable .
Disbursement of funds in the absence of limits
approved before amending the State
Budget Law – MDL 137 .3 million (based on
Government decisions) and MDL 49 .5 million
(based on an office memorandum) .
Misappropriation of SB funds for loans to
budgets of other levels: loan to cover the
cash gap in SSIB implementation – MDL 685 .0
mln, to cover the SSIB deficit from SB – MDL
823 .9 mln, the needs are estimated in surplus
by MDL 405 .3 mln .
Agricultural subsidies – increases in subsidies
set by Government decision; amendments
were made only on 21 .12 .2009 in the amount
of MDL 220 .0 mln, of which MDL 106 .6 mln
were allocated before the amendments .
Non-compliance with monthly financing
plans – lack of funding sources, budget
amendment at the end of the year, 15 .9%
of total annual expenditures were funded in
December (MDL 2742 .5 mln), the formation
of both balances at the end of year as well as
receivables .
Incorrect reporting of certain expenses led to
an increase in total expenditure by MDL 5 .5
mln .
Special resources – the unreal planning of
costs ruined the planning and payments to
the main component of state budget resulting
in the excess of revenues over expenditures .
State budget implementation
Special funds – revenues collected at 115 .0%
and expenses – 93 .2%, budget surplus – MDL
98 .5 mln against final surplus of MDL 45 .5 mln .
overall conclusion
Key indicators of the 2009 state budget execution
for revenues and expenditures, in all material
respects, offer a fair image in accordance with
the data recorded in the treasury system as at
31 .12 .2009 – unqualified opinion on the Government
report on the execution of 2009 State Budget
for cash execution .
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