Draft of the Act on the Management and Control of PublicFinances

Abstract

The article deals with the draft of Act on the Management and Control of Public Finances which is nowadays prepared by Ministry of Finance of Czech Republic. It is an important act of management and control of public budgets. The article presents the positive changes of the public finance management system for the municipalities. In the Czech Republic there are more than 6 000 municipalities. Many of them are too small to have appropriate personal resources to ensure the adequate control of public finance. The draft tries to simplify the system to helps the smallest municipalities and to ensure the minimum level of the public finance protection.