Bulgaria’s Finance Ministry said on August 14 that it ordered full audits at all government ministries, to be carried out by their respective internal audit departments, in parallel with checks by the Public Financial Inspection Agency of the Finance Ministry.
The audits were to be completed by August 25, with their results announced in one summary report at the end of the month, the finance ministry said in a statement.
Audits at all primary budget spending units – a list of state institutions that included all ministries and certain government agencies – were part of the economic package of priority measures announced by the caretaker cabinet when it took office last week.
The audits were meant to ascertain how much money the ministries have spent so far this year, as well as future financial commitments made by the ministries. The audits would also check all spending for compliance with the Budget Act and the impact of spending on the Budget deficit, the Finance Ministry said.
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(Bulgaria Cabinet building. Photo: Clive Leviev-Sawyer)