PLAN OF ACTIVITIES OF THE CZECH FISCAL COUNCIL FOR 2021

PLAN OF ACTIVITIES OF THE CZECH FISCAL COUNCIL FOR 2021

Task Date
Presentation of an evaluation report on the financial management of the envelope and concept of the draft report accompanying the final account of the envelope to the competent department of the Ministry of Finance of the Czech Republic (MF CR) and the Supreme Audit Office. (In line with MF CR Regulation No. 419/2001 Coll., on the scope, structure, and deadlines for the submission of data for drawing up a draft state closing account…, as amended)19 February 2021
The Council approves the draft closing account of the state budget envelope. (In line with Section 23(4) of Act No. 23/2017 Coll., on rules for budgetary responsibility (hereinafter referred to as the “Act”))15 March 2021
The Council approves the draft budget of the Office, including its changes, medium-term budget outlook for the next two budget years.  
(In line with Section 23(4) of the Act)
30 April 2021
The Council presents a draft budget and medium-term outlook of the Office of the Council’s budget for the next two years to the MF CR and the Budget Committee of the Chamber of Deputies of the Parliament of the Czech Republic. (In line with Section 33(2) of the Act)Subject to the schedule of the Budget Committee of the Chamber of Deputies; no later than 30 April 2021
Evaluation of the impact of one-off and transitional transactions on the public institution sector income and expenses – Council will issue an opinion on the impact of the transactions without undue delay, which the MF CR will publish.
(In line with Section 10(2) of the Act)
Depending on the date of submission of the relevant material by the MF CR
The opinion of the Council on the inclusion of expenses in the corrective component: the inclusion of these expenses and the determination of their extent is possible only once the Council’s consenting opinion is received. The MF CR will publish the Council’s opinion. The Council also publishes its opinions and reports on the corrective component on its website without undue delay.
(In line with Section 11(4) and Section 21(2)(e) of the Act)
Depending on the date of submission of the relevant material by the MF CR
The Council will issue without undue delay an opinion concerning the determination of the expenses framework of the state budget and state funds, which the MF CR will publish. If the MF CR disagrees with the Council’s opinion, it will publish the reasons for its disagreement.
(In line with Section 12(5) of the Act)
Depending on the date of submission of the relevant material of the MF CR
The Council evaluates compliance with fiscal rules, which include, but are not limited to the debt limit, setting of total expenditures of the public institutions’ sector pursuant to Section 10 of the Act, derivation of the expenses framework of the state budget and state funds pursuant to Section 12 of the Act, and financial management of a regional self-governing unit; drafting and submission of a report on their fulfilment to the Chamber of Deputies of the Parliament of the Czech Republic.
(In line with Section 21(2)(a) of the Act)
By 30 September 2021
The Council will ascertain the amount of debt and announce it in the same manner in which laws are announced within one month of the first publication of the public institutions’ sector’s debt for the previous calendar year by the Czech Statistical Office.
(In line with Section 21(2)(b) of the Act)
30 April 2021
The Council monitors the development of financial management of the public institutions’ sector.
(In line with Section 21(2)(c) of the Act)
Regularly
With a view to economic and social development, employment, and intergenerational cohesion, the Council will draw up and present to the Chamber of Deputies a report on the long-term sustainability of public finances, which will include an evaluation of how planned government policies can, through their direct long-term impact, likely influence the sustainability of public finances.
(In line with Section 21(2)(d) of the Act)
By 30 June 2021
Submission of the Annual Report in line with the Accounting Act and of the Report on Budget Adherence to the MF CR and the Budget Committee of the Chamber of Deputies within three months of the end of a calendar year. Publication of the Annual Report on the Council’s website.
(In line with Section 33(3) of the Act)
31 March 2021
Audit of the financial statement of the Office of the Czech Fiscal Council.
(In line with Section 33(4) of the Act)
12 March 2021
The Council will draft and publish a plan of its activities for 2022 on its website. (In line with Section 23(3) of the Act)31 December 2021
Regular contribution to the European Fiscal Monitor for the Czech Republic.Depending on the schedule of the Network of EU IFIs
Publication of regular opinions.4 March 2021 3 June 2021 2 September 2021 2 December 2021
Attendance at conferences and workshops organised by the Network of EU Independent Fiscal Institutions, European Fiscal Council, OECD Network of Parliamentary Budget Officials and Independent Fiscal Institutions (PBO-IFIs).Subject to schedules of the respective institutions
Thematic documents, magazine articles, occasional lectures, and presentations.To be specified throughout the year