Public Sector Accounting and Reporting Consolidation Information System

The purpose of the information system is to create and implement measures ensuring the accuracy, integrity and reliability of VSAKIS data and its submission to the Ministry of Finance within the established deadlines: to provide accurate and consistent data for financial and state asset management decisions; to determine the value of all state liabilities, including long- and short-term liabilities, public debt and social liabilities; and to plan financial resources more rationally by determining the future financial obligations requiring funding and the amount of existing financial resources that will need to be redistributed.