Bulgaria : Country Financial Accountability Assessment
Bulgaria's ambitious program of reforms in several areas, including public financial management (PFM), focuses greatly on its entry into the European Union (EU). Thus, the country has a well developed system, and structure of financial managem...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2003/09/4663040/bulgaria-country-financial-accountability-assessment http://hdl.handle.net/10986/14581 |
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okr-10986-14581 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
PUBLIC SECTOR MANAGEMENT FINANCIAL ADMINISTRATION BUDGET EXECUTION EXPENDITURE ANALYSIS RESOURCE ALLOCATION PROCESSES LEGAL & REGULATORY FRAMEWORK LAW ENFORCEMENT FINANCIAL MANAGEMENT SYSTEMS INTERNAL AUDIT EXTERNAL AUDITORS STRATEGIC COORDINATION MECHANISMS BUDGET IMPLEMENTATION FINANCIAL REPORTING STANDARDS GOVERNMENT ACCOUNTING AUDITING INSTITUTIONAL FRAMEWORK RISK ASSESSMENT RISK MANAGEMENT INFORMATION TECHNOLOGY TRAINING PROGRAMS DATABASE RECONFIGURATION ACCOUNT ACCOUNTABILITY ACCOUNTING PRINCIPLES ACCOUNTING SOFTWARE ACCOUNTING STANDARDS ACCOUNTS ADJUSTMENT LENDING ADMINISTRATION REFORM ANTI-CORRUPTION ANTI-CORRUPTION STRATEGY AUDIT REPORTS AUDITING AUDITS AUTHORITY BANKING SYSTEM BILLS BORROWING BUDGET ESTIMATES BUDGET EXECUTION BUDGET FORMULATION BUDGET PROCESS BUDGETARY FUNDS BUDGETARY INSTITUTIONS BUDGETING CAPITAL PROJECTS CASH MANAGEMENT CBA CENTRAL GOVERNMENT CITIZENS COMMERCIAL BANKS COMMUNIST CONSTITUTION COUNCIL OF MINISTERS EBF ECONOMIC ANALYSIS EIB EXECUTION EXTERNAL AUDITORS FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL CONTROL FINANCIAL CRISIS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL SECTORS FINANCIAL STATEMENTS FISCAL FISCAL INFORMATION FISCAL TRANSPARENCY FISCAL YEAR FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES GOVERNMENT RESOURCES GOVERNMENT'S POLICY HUMAN RESOURCES INFLATION INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL REFORMS INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS LAWS LEGAL FRAMEWORK LEGISLATION MACROECONOMIC STABILITY MANAGEMENT REPORTS MINISTRY OF FINANCE MUNICIPALITIES PAYROLL PRIVATE SECTOR PROVISIONS PUBLIC ACCOUNTABILITY PUBLIC EXPENDITURE PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING REPRESENTATIVES REVENUE ADMINISTRATION RISK MANAGEMENT SOCIAL SECTORS SOCIAL SECURITY STATE OWNED ENTERPRISES TAX TAX ADMINISTRATION TAX ARREARS TAX COLLECTIONS TECHNICAL ASSISTANCE TRANSPORT TREASURY |
| spellingShingle |
PUBLIC SECTOR MANAGEMENT FINANCIAL ADMINISTRATION BUDGET EXECUTION EXPENDITURE ANALYSIS RESOURCE ALLOCATION PROCESSES LEGAL & REGULATORY FRAMEWORK LAW ENFORCEMENT FINANCIAL MANAGEMENT SYSTEMS INTERNAL AUDIT EXTERNAL AUDITORS STRATEGIC COORDINATION MECHANISMS BUDGET IMPLEMENTATION FINANCIAL REPORTING STANDARDS GOVERNMENT ACCOUNTING AUDITING INSTITUTIONAL FRAMEWORK RISK ASSESSMENT RISK MANAGEMENT INFORMATION TECHNOLOGY TRAINING PROGRAMS DATABASE RECONFIGURATION ACCOUNT ACCOUNTABILITY ACCOUNTING PRINCIPLES ACCOUNTING SOFTWARE ACCOUNTING STANDARDS ACCOUNTS ADJUSTMENT LENDING ADMINISTRATION REFORM ANTI-CORRUPTION ANTI-CORRUPTION STRATEGY AUDIT REPORTS AUDITING AUDITS AUTHORITY BANKING SYSTEM BILLS BORROWING BUDGET ESTIMATES BUDGET EXECUTION BUDGET FORMULATION BUDGET PROCESS BUDGETARY FUNDS BUDGETARY INSTITUTIONS BUDGETING CAPITAL PROJECTS CASH MANAGEMENT CBA CENTRAL GOVERNMENT CITIZENS COMMERCIAL BANKS COMMUNIST CONSTITUTION COUNCIL OF MINISTERS EBF ECONOMIC ANALYSIS EIB EXECUTION EXTERNAL AUDITORS FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL CONTROL FINANCIAL CRISIS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL SECTORS FINANCIAL STATEMENTS FISCAL FISCAL INFORMATION FISCAL TRANSPARENCY FISCAL YEAR FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES GOVERNMENT RESOURCES GOVERNMENT'S POLICY HUMAN RESOURCES INFLATION INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL REFORMS INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS LAWS LEGAL FRAMEWORK LEGISLATION MACROECONOMIC STABILITY MANAGEMENT REPORTS MINISTRY OF FINANCE MUNICIPALITIES PAYROLL PRIVATE SECTOR PROVISIONS PUBLIC ACCOUNTABILITY PUBLIC EXPENDITURE PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING REPRESENTATIVES REVENUE ADMINISTRATION RISK MANAGEMENT SOCIAL SECTORS SOCIAL SECURITY STATE OWNED ENTERPRISES TAX TAX ADMINISTRATION TAX ARREARS TAX COLLECTIONS TECHNICAL ASSISTANCE TRANSPORT TREASURY World Bank Bulgaria : Country Financial Accountability Assessment |
| geographic_facet |
Europe and Central Asia Bulgaria |
| description |
Bulgaria's ambitious program of
reforms in several areas, including public financial
management (PFM), focuses greatly on its entry into the
European Union (EU). Thus, the country has a well developed
system, and structure of financial management, that relies
heavily on information technology (such as in the area of
cash management), and has independent external audits, and
parliamentary oversight committees. Although many laws, and
institutional arrangements have been established,
institutions still need technical assistance, and training
to absorb the methods, and international best practices.
Bulgaria has significantly reduced the number of
extra-budgetary funds, thereby improving the budget's
comprehensiveness. It has adopted a pilot programmatic
approach in three ministries, strengthening the
budget-policy link, and, created a Treasury Single Account
to service all budgetary institutions. Moreover, the country
has a strong internal audit body in the form of the Public
Internal Financial Control Agency (PIFCA), and, external
audits are performed by the National Audit Office, which
submits its reports to the National Assembly, with adequate
operational independence, and resources. A key theme in this
Country Financial Accountability Assessment (CFAA) and
recommendations, is the need to build capacity to implement
the laws and regulations, while further recommendations
address, by and large: development guidelines for planning
and evaluating public investments database, and data
recovery plans; establishment of a government-wide
information technology (IT) function to set benchmarks, and
develop an IT strategy; revision of the provisions regarding
PIFCA's responsibility to introduce internal control
policies, and establish preventive control systems;
development of training programs in risk assessment; and,
development of comprehensive strategies, guidelines and
training programs for auditing revenues, and IT-based systems. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Bulgaria : Country Financial Accountability Assessment |
| title_short |
Bulgaria : Country Financial Accountability Assessment |
| title_full |
Bulgaria : Country Financial Accountability Assessment |
| title_fullStr |
Bulgaria : Country Financial Accountability Assessment |
| title_full_unstemmed |
Bulgaria : Country Financial Accountability Assessment |
| title_sort |
bulgaria : country financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/09/4663040/bulgaria-country-financial-accountability-assessment http://hdl.handle.net/10986/14581 |
| _version_ |
1764428529048485888 |
| spelling |
okr-10986-145812021-04-23T14:03:17Z Bulgaria : Country Financial Accountability Assessment World Bank PUBLIC SECTOR MANAGEMENT FINANCIAL ADMINISTRATION BUDGET EXECUTION EXPENDITURE ANALYSIS RESOURCE ALLOCATION PROCESSES LEGAL & REGULATORY FRAMEWORK LAW ENFORCEMENT FINANCIAL MANAGEMENT SYSTEMS INTERNAL AUDIT EXTERNAL AUDITORS STRATEGIC COORDINATION MECHANISMS BUDGET IMPLEMENTATION FINANCIAL REPORTING STANDARDS GOVERNMENT ACCOUNTING AUDITING INSTITUTIONAL FRAMEWORK RISK ASSESSMENT RISK MANAGEMENT INFORMATION TECHNOLOGY TRAINING PROGRAMS DATABASE RECONFIGURATION ACCOUNT ACCOUNTABILITY ACCOUNTING PRINCIPLES ACCOUNTING SOFTWARE ACCOUNTING STANDARDS ACCOUNTS ADJUSTMENT LENDING ADMINISTRATION REFORM ANTI-CORRUPTION ANTI-CORRUPTION STRATEGY AUDIT REPORTS AUDITING AUDITS AUTHORITY BANKING SYSTEM BILLS BORROWING BUDGET ESTIMATES BUDGET EXECUTION BUDGET FORMULATION BUDGET PROCESS BUDGETARY FUNDS BUDGETARY INSTITUTIONS BUDGETING CAPITAL PROJECTS CASH MANAGEMENT CBA CENTRAL GOVERNMENT CITIZENS COMMERCIAL BANKS COMMUNIST CONSTITUTION COUNCIL OF MINISTERS EBF ECONOMIC ANALYSIS EIB EXECUTION EXTERNAL AUDITORS FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL CONTROL FINANCIAL CRISIS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL SECTORS FINANCIAL STATEMENTS FISCAL FISCAL INFORMATION FISCAL TRANSPARENCY FISCAL YEAR FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES GOVERNMENT RESOURCES GOVERNMENT'S POLICY HUMAN RESOURCES INFLATION INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL REFORMS INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS LAWS LEGAL FRAMEWORK LEGISLATION MACROECONOMIC STABILITY MANAGEMENT REPORTS MINISTRY OF FINANCE MUNICIPALITIES PAYROLL PRIVATE SECTOR PROVISIONS PUBLIC ACCOUNTABILITY PUBLIC EXPENDITURE PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING REPRESENTATIVES REVENUE ADMINISTRATION RISK MANAGEMENT SOCIAL SECTORS SOCIAL SECURITY STATE OWNED ENTERPRISES TAX TAX ADMINISTRATION TAX ARREARS TAX COLLECTIONS TECHNICAL ASSISTANCE TRANSPORT TREASURY Bulgaria's ambitious program of reforms in several areas, including public financial management (PFM), focuses greatly on its entry into the European Union (EU). Thus, the country has a well developed system, and structure of financial management, that relies heavily on information technology (such as in the area of cash management), and has independent external audits, and parliamentary oversight committees. Although many laws, and institutional arrangements have been established, institutions still need technical assistance, and training to absorb the methods, and international best practices. Bulgaria has significantly reduced the number of extra-budgetary funds, thereby improving the budget's comprehensiveness. It has adopted a pilot programmatic approach in three ministries, strengthening the budget-policy link, and, created a Treasury Single Account to service all budgetary institutions. Moreover, the country has a strong internal audit body in the form of the Public Internal Financial Control Agency (PIFCA), and, external audits are performed by the National Audit Office, which submits its reports to the National Assembly, with adequate operational independence, and resources. A key theme in this Country Financial Accountability Assessment (CFAA) and recommendations, is the need to build capacity to implement the laws and regulations, while further recommendations address, by and large: development guidelines for planning and evaluating public investments database, and data recovery plans; establishment of a government-wide information technology (IT) function to set benchmarks, and develop an IT strategy; revision of the provisions regarding PIFCA's responsibility to introduce internal control policies, and establish preventive control systems; development of training programs in risk assessment; and, development of comprehensive strategies, guidelines and training programs for auditing revenues, and IT-based systems. 2013-07-25T15:36:05Z 2013-07-25T15:36:05Z 2003-09 http://documents.worldbank.org/curated/en/2003/09/4663040/bulgaria-country-financial-accountability-assessment http://hdl.handle.net/10986/14581 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work Europe and Central Asia Bulgaria |