QUALITATIVE ANALYSIS OF THE RISKS IDENTIFIED IN THE MANAGEMENT OF THE NON-REIMBURSABLE FUNDS IN ROMANIA IN 2007-2013

Ciprian Nicolae ()
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Ciprian Nicolae: Doctoral School of Finance, Bucharest University of Economic Studies

Proceedings of Administration and Public Management International Conference, 2015, vol. 11, issue 1, 117-125

Abstract: In line with the principle of efficiency and effectiveness provided within the Strategy for strengthening the public administration in Romania, risk management is a key element in managing non-reimbursable funds in 2014-2020. Although was made compulsory by a regulation in force since 2005, as internal management control standard, risk management undertaken in 2007-2013 by the authorities and institutions involved in non- reimbursable funds management has proven to be relatively inefficient, Romania suffering great financial corrections and suspensions in the implementation of EU financing programs. In an exhaustive analysis of the risks identified by the responsible authorities, this research focuses on the qualitative side of risk management in an attempt to identify viable solutions for an unitary methodology for risk management, that will be used by all responsible authorities / institutions and at the level of all financing programs. Using such a methodology would have positive effects for local communities by increasing efficiency and effectiveness of resources use, namely by ensuring a stable and predictable administrative process.

Keywords: Risks; Risk Management; Non-reimbursable Funds; Public Administration (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:rom:compca:v:11:y:2015:i:1:p:117-125

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