All the previous budgets provided incomplete information on the use of public funds, fiscal policy setting and equally incomplete transparency regarding public revenue and spending, a recent analytical report of the ministry highlighted.

The risk of corruption is aggravated as off-budget funds are typically not subject to standard internal control procedures with limited transparency and do not receive the same level of external oversight as applied to budget entities.

Measures will be taken to realise revenue projections and comply with expenditure limits in its annual budget preventing breaches of existing fiscal rules

 A new Macro Fiscal Unit (MFU) has been established at the ministry for enhanced forecasting of economic and fiscal variables as well as the analysis of fiscal risks, an official of the ministry revealed.