The draft law, "meant to reform the budget and accounting framework and make a profound change in the management of public funds, establishes the principle of results-oriented budget according to previously set goals and not the nature of expenditure, as it is now," Raouya said in an address read on his behalf by the minister for Relations with Parliament, in a plenary session devoted to the organic draft law on finance acts.
According to the minister, the organic law is intended for reforming the management of public funds through efficiency and results, to improve the presentation of finance acts for a greater clarity and transparency of the budget items and an enhanced parliamentary monitoring with flexibility in financial management.
While the "yearly" basis is maintained considering its paramount importance in fiscal policies, government programmes go beyond the annual framework, the minister said.
The results-based management is introduced through the establishment of "programme portfolios" for ministries and public companies, which are divided into sub-programmes and actions through the integration of the operating and capital budgets within a single account.
The budget nomenclatures will be divided according to the function and economic nature of the expenditure and according to senior state positions and administrative units.