The Ministry of Finance of the Republic of Bulgaria (MoF) has a leading role in supporting the implementation of the new Organic Budget Law of the Republic of Northern Macedonia. The activities are carried out under component 1 of Twinning project Ref. No MK 18 IPA FI 01 19 “Strengthening budget planning, execution and internal control functions” of the Republic of Northern Macedonia.

The main areas of MoF’s participation are related to preparing a compliance assessment of the Organic Budget Law vis-a-vis the European framework for fiscal governance and good international practices, as well as assessments of various laws and regulations related to the provisions of the new Law. The aim is to improve public finance management.

The project envisages support for the development of by-laws, procedures and methodological tools in various areas, such as programme budgeting, cash operations, public debt management and macroeconomic issues, in accordance with the projections of the Organic Budget Law.

Special attention is also paid to activities related to increasing the capacity of experts from various budget spending units of the Republic of Northern Macedonia with regard to the practical application of the provisions of the new Organic Budget Law and the functions and processes related thereto.

The twinning project is implemented by an international consortium, with the participation of institutions from the Kingdom of the Netherlands, the Republic of Croatia, the Republic of Latvia. The four main components of the project cover the areas of budget planning and implementation, public internal financial control system, public procurement and protection of the EU's financial interests.

A promotional video has been prepared to inform the public about the activities within the twinning project.