Audit of Public Debt in Lithuania N ew challenges. Erika Latyšovič, Advisor Budget Policy Control Unit National Audit Office of Lithuania 23 October 2014 The Annual Meeting of INTOSAI working group on the Public Debt Seoul. The structure of the presentation:. I.
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Audit of Public Debt in Lithuania New challenges
Erika Latyšovič, Advisor
Budget Policy Control Unit
National Audit Office of Lithuania
23 October 2014
The Annual Meeting of INTOSAI working group on the Public Debt
On behalf of the Government, the Ministry of Finance drafts annual reports on:
The purpose of the audit is to assess:
Structure of the Opinion on Public Debt Reports
Lithuania adopts the euro
The European Union’s new economic governance
Other important changes in fiscal surveillance and policy coordination
Developments in relevant legislation
New function of the National Audit Office:
monitoring the compliance to the rule on surplus in the government sector, rule on limiting growth in public expenditure, and rules on the budgets of government sub-sectors,
assessing the progress towards the Medium Term Objective,
monitoring the attainment of the structural impetus target,
issuing opinion on the unusual event,
endorsing the macroeconomic forecast.