Federal budget reserves
Today, the Austrian Court of Audit (ACA) presented the report on the federal budget reserves. Withdrawals from reserves should only be made in the case of unforeseeable events.
From November 2018 to March 2019, the ACA audited the federal reserves system at the Federal Ministry of Finance, the Federal Ministry of Labour, Social Affairs, Health and Consumer Protection and the Federal Ministry for Digital and Economic Affairs. The audit aimed at presenting the development of the reserves system and at assessing the modus operandi with regard to the withdrawal of reserves as well as the efficiency and effectiveness of the budget management and the need for reform.
The audited period spanned the years from 2009 through 2017.
- Withdrawals from reserves should only be made in the case of unforeseeable events. Foreseeable withdrawals from reserves should be included in the Federal Finance Act (Bundesfinanzgesetz).
- The modus operandi for the withdrawal from reserves should be streamlined in order to enable an efficient administrative procedure allowing for predictability for the ministries concerned.
- A reform package for the reserves should be elaborated jointly and timely with the line ministers. Furthermore, a decision should be made on the other necessary proposals for improvement resulting from the evaluation of the federal budget reform.
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