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State subsidies to be more transparent

THE PROVISION of subsidies from the state budget should become more effective and more transparent following the cabinet's approval of a Finance Ministry proposal to change the way in which they are allocated and announced, the SITA newswire reported.

THE PROVISION of subsidies from the state budget should become more effective and more transparent following the cabinet's approval of a Finance Ministry proposal to change the way in which they are allocated and announced, the SITA newswire reported.

The measures within the proposal include, among otheres, the introduction of a system of anonymous assessment of individual applications and the creation of advisory commissions at individual ministries.

Allocation of subsidies should be made more transparent by the introduction of a unified system of publishing information about them. On their websites, ministries should create direct links to information regarding the law on subsidies, their approved budget for subsidies, and calls for applications.

The ministries should also publish approved applications, together with the sums requested and amounts paid as well as a list of rejected applications and the assessment of the results of previously allocated subsidies, SITA wrote.

Ministries should apply the proposed changes as of the beginning of 2011.

Last year, more than €304 million in subsidies were allocated from the state budget. This year a total of €199.5 million is budgeted.


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