Management System of the EEA Financial Mechanism and Norwegian Financial Mechanism for the programming period 2009 - 2014
At the meeting on 6th July 2011, the Government of the Slovak Republic approved a document called Management System of the EEA Financial Mechanism and Norwegian Financial Mechanism for the programming period 2009 - 2014. This document creates a basic management framework of the financial mechanisms in the period 2009 - 2014. The aim of the system settings in the new programming period is to focus the management on results (the Results Based Management) as well as to reduce the administrative burden of the implementation of these funds.Administrative control of expenditures has undergone significant changes and we believe that these changes will be mutually beneficial for both the beneficiaries as well as the supervisory authorities. The result of the changes is a qualitatively new system in which the Project Promoter does not submit the accounting documents to the Programme Operator. Instead, the Project Promoter submits only the list of accounting documents and the relevant statements of accounts. More emphasis will be placed on the on the spot controls. This change should allow the Programme Operator to check on the spot more frequently not only the project-accounting, but also the real achievement of the projects.
