Challenges of the Amendments to the Law on Local Public Finance for the Financing of Social Services
Automatically translated summary. The full text is available in Romanian.
A report on the amendments to the Law on Local Public Finance, which enter into force on 1 January 2015, examines their likely impact on the financing of social services in the Republic of Moldova. The amendments aim to increase the financial and functional autonomy of local public administration.
The new law responds to an existing framework that does not ensure the efficient management of the budget resources needed to finance social services at local level. The report assesses the most likely impact of the law on the social services system, in particular the risks and costs of reduced funding in this important area, as well as mechanisms that could mitigate the identified risks and costs.
Based on an analysis of the current institutional framework for financing social services and of the changes introduced by the amendments, the study offers a set of recommendations. These are designed to mitigate short-term risks and to make the most of the reform's long-term opportunities for the social services sector. An infographic prepared for the study is available on Budgestories.
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