PARTICULARITIES OF EXPENSE ACCOUNTING IN BUDGETARY INSTITUTIONS

This article addresses the specific and problematic aspects related to the accounting of expenses in budgetary institutions in the Republic of Moldova. The expenses of budgetary institutions represent economic and social relations in monetary form, manifesting between the state, on one side, and individuals and legal entities, on the other side, during the allocation and utilization of the state’s financial resources to fulfill its functions. The expenses of budgetary institutions materialize in payments made by the state from resources mobilized through various means, for the purchase of goods or services necessary to achieve the various objectives of state policy: general public services, socio-cultural actions, military maintenance, and activities in the economic field, among others. These expenses are categorized according to the functional classification into parts, chapters, subchapters, and paragraphs, and according to the economic classification into titles, articles, and sections. Public administration has two major responsibilities: to provide public goods and services, and to redistribute income and wealth through transfers. These responsibilities are generally fulfilled through the expenses of budgetary institutions.
The accounting of expenses in budgetary institutions in the Republic of Moldova is regulated by the following categories of legislative and normative acts: the legal framework underlying the activity and accounting records, and the legal framework underlying the registration of expenses related to the activities of budgetary institutions. The classification of expenses in budgetary institutions and their accurate accounting is important for measuring the allocation of publicly funded sectors, ensuring the possibility of verifying compliance with legislative authorizations, reviewing policy and performance analysis, and for the daily administration of the budget.