Analaysis and observations from the rivision of the state budget of the Republic of Macedonia in the last 5 years

Jovanova, Blagica (2011) Analaysis and observations from the rivision of the state budget of the Republic of Macedonia in the last 5 years. International scientific assembly ES-NBE 2011 Economic Science in Function of Creating a New Business Environment.

Text ANALYSIS AND OBSERVATIONS FROM THE REVISION OF THE STATE BUDGET OF THE REPUBLIC OF MACEDONIA IN THE LAST 5 YEARS.pdf Download (182kB)

Abstract

Abstract: The annual plan for financing the functions and the obligations of the Republic of Macedonia, the units of local government and the funds, and which consists of an annual appraisal of the revenues and the expenditures as purposed is called a basic budget.
The budget is being prepared at an annual level, which means each next year a new one is prepared. In order to determine whether the budget has met some basic requirements, that is, whether it has been: efficient, effective, legal and purpose-used, consistent etc., each year the State Audit Office performs financial audit, success audit and audit of the regularity.
After the performed audit, the conclusions of the conducted audit are sent to the Ministry of Finance, in written form, where they are explained in detail and, if necessary, appropriate recommendations are provided.
From the performed audit, reports were prepared for: the system of internal controls in the procedure of the planning of the Budget of the Republic of Macedonia and the financial reports of the Budget of the Republic of Macedonia for the year preceding the year, subject to revision.
If we make an analysis of the results of the conducted audits of the Budget of the Republic of Macedonia we could realize: whether the recommendations provided in the final report for the system of internal controls in the procedure of planning the budget of the Republic of Macedonia are conducted, whether there are controls that will ensure legality, completeness, accuracy and timeliness in the process of collecting the source revenues of the Budget of the Republic of Macedonia, whether the control procedures are functioning efficiently and properly, in relation to the prevention or the detection of errors in the process of the Budget execution, whether the financial report expresses the result of the financial activities truthfully and objectively, in accordance with the applied legislation.

Key words: basic budget, economy, efficiency, effectiveness, purpose-use, State Audit Office, compliance audit, success audit, financial audit, recommendations, reports, results analysis, observations.

Item Type:	Article
Subjects:	Social Sciences > Economics and business
Divisions:	Faculty of Economics
Depositing User:	Blagica Koleva
Date Deposited:	22 Nov 2012 10:33
Last Modified:	23 Nov 2012 12:43
URI:	https://eprints.ugd.edu.mk/id/eprint/1656

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