In his address to the V. Conference EUROSAI/OLACEFS the President of the Court of Audit, Mr Igor Šoltes, has pointed out that many financial crises of the 90s of the past century and the demands for better results of the public sector along with the limitations of the public funds and the unchanged living standard opened many issues on the area of public finance management. The two important criteria of the public finance management are transparency and accountability.
The President of the Court of Audit has presented the role of the Supreme Audit Institutions in the development of the public finance sustainability, reforms, in providing for the transparency of the use of public funds and the accountability by informing the public and by developing mechanisms for achieving the set objectives. Furthermore the reforms in accounting are of key importance as the basis for the new public management and for the development of the results based budgeting.
President Igor Šoltes speech (131 kB, 5 pages)