REFORMING BUDGETARY ACCOUNTING IN THE REPUBLIC OF MOLDOVA: THEORETICAL AND PRACTICAL IMPLICATIONS

The process of reforming public financial management in the Republic of Moldova has entered a new stage, marked by the introduction of a modern budgetary methodology and the gradual transition of accounting practices. The purpose of this study is to examine the conceptual and practical implications of these changes, focusing on how the new methodology influences accounting systems, transparency, and fiscal sustainability. The subject of analysis is the alignment of Moldova’s public sector accounting with international standards and the challenges arising from this transition.

Methodologically, the research combines a review of the legislative framework and policy documents with a comparative analysis of practices applied in other countries undergoing similar reforms. Qualitative assessment and critical reflection were employed to evaluate the coherence of the new budgetary methodology with the principles of transparency, accountability, and efficiency.

The results highlight both achievements and persisting difficulties. On one hand, the new methodology introduces greater clarity in budget planning, fosters more accurate financial reporting, and strengthens decision-making capacity at the institutional level. On the other hand, significant challenges remain, particularly in ensuring adequate professional training for accountants, upgrading information systems, and securing institutional capacity for implementation.

The study concludes that the transition of accounting in the Republic of Moldova represents not only a technical adjustment but also a strategic transformation in the governance of public resources. The author(s) emphasize that successful consolidation of these reforms requires a balance between adopting international best practices and addressing national specificities, ensuring long-term budgetary sustainability.