Abstract
The proposal of state budget is based on the medium-term outlook and expenditure framework, which are adopted in the year preceding the year for which the budget is drawn up. Draft documents are presented by the Ministry of Finance to the government for approval.
Consideration of the legislation is entrusted to the Chamber of Deputies. During the approval procedure, the State Budget Act undergoes three readings and after its approval it represents basis for state’s management in a given year.
The public expenses are represented not only by the budgetary expenses, but also by the expenses of state funds, expenses of regional administrative units, or expenses of other public entities. Management of public funds is connected to problems of indebtedness that are being solved in different ways and should be solved through a special legislation governing budgetary responsibility in the future.