Budget classification is a unified system of codes that groups and systematizes budgetary indicators according to certain criteria.
Budgetary classification is important for policy formulation, identifying the allocation of resources between sectors and identifying Government activities. Classification is also needed to establish accountability for policy and performance and day-to-day budget management.
In this section, you can find methodological information on the budget process.
Local government authorities develop, approve and manage the local budgets, in accordance with the legislation, develop budget forecasts and undertake measures to ensure the sustainability of local budgets over the medium and long term.
The Central Public Health Authority elaborates the policy on the mandatory health insurance and presents forecasts of the Mandatory Health Insurance Fund (MHIF) to the Ministry of Finance, as well as other information required to develop the Medium-Term Budget Framework. It promotes the draft MHIF law, monitors and analyses the execution of the MHIF, monitors performance across programmes and carries out all the other duties provided for by the legislation in force.
The state budget represents the totality of revenues, expenditures and sources of financing intended for the performance of the functions of the central public authorities, except for the functions of the public social insurance system and the compulsory health insurance system, as well as for establishing relations with other budgets. The state budget is administered by the Ministry of Finance.
The preparation of the MTBF is a participatory process and requires appropriate decision-making tools and mechanisms, as well as effective cooperation between public authorities within the Government.
The Inter-Ministerial Committee for Strategic Planning
The Inter-Ministerial Committee for Strategic Planning is a functional body of overall responsibility, established to coordinate the strategic planning process conducted by the Government.
In order to implement the measures of the Action Plan for the elaboration of the Medium-Term Budget Framework, the Ministry of Finance sets the preliminary spending limits for the years 2018-2020 as a guideline for the elaboration of the sectoral policies and updating of the sectoral spending strategies for the respective period.
MTBF documents are prepared annually in order to frame the budget in a medium-term perspective.
MTBF is developed in two stages:
The budget represent the estimate revenue and expenditure for a certain period of time, usually one year. The Government draws up the budget proposal and submits it to Parliament for approval. Following approval, the budget becomes law, the implementation of which is mandatory, as well as any other law of the country.
The budget has five important features:
