Budget Transparency: Amend the Chart of Accounts to Improve the Expenditure Control (ME0045)
Overview
At-a-Glance
Action Plan: Not Attached
Action Plan Cycle: 2012
Status:
Institutions
Lead Institution: Ministry of Finance
Support Institution(s): NA
Policy Areas
Fiscal Openness, Oversight of Budget/Fiscal PoliciesIRM Review
IRM Report: Montenegro IRM Progress Report 2012-2013
Early Results: No IRM Data
Design i
Verifiable: Yes
Relevant to OGP Values: Yes
Ambition (see definition): Low
Implementation i
Description
In order to increase transparency of use of public funds, the Government of Montenegro will amend the organic Law on Budget to define in a more precise manner dates in the budgeting calendar, aimed at providing sufficient time to all participants in the planning process, including also the parliamentary procedure. Furthermore, introduction of specific fiscal rules and medium-term budgeting is also planned, which will increase significantly the transparency, accountability in planning and implementation, as well as precision in planning of the budget.