Special Secretariat for SOEs wascreated. The result? Complete loss of all financial controls and explosion of deficits of public enterprises into soaring heights.
Considering all this as a testament that in our country the State Laws have failed, the Finance ministry pulls out a call to attract advisory firms from the market, on which it will rely on for the saving of SOEs.
The counseling offices are in business
The counseling office will monitor the recovery plans of SOEs, as the State should but could not do. Their pay? 1 million "up front" and another 29 million from the State budget, if these SOEs can not only recover but also be privatized!
The plan of the ministry of Finance is described in the text of the proclamation of the international competition of the ministry, which was posted for consultation on its site. The public consultation carried out between February 3, 2011 and until February 9, 2011, at 13:00. Responses should be made by name, in Greek, in both paper and electronic format no later than February 9, 2011 at 13:00. Anonymous responses will not be considered.
The role of the consultants will cover two areas:
The first part will involve the reform of the presentation of SOEs assets in a total and uniform manner. This is because the technical levels of the troika that recently visited the Special Secretariat of SOEs found that neither the data sent to the finance ministry is always right, nor do all SOEs give an account of their expenditures.
The second part of the service is to check the SOEs daily if they try to reduce their deficits. So they will check:
* the operating costs of each – aided by the budget – business (and body of the General Government)
* the implementation of its business plan (return on investment lending)
* and will advise the Special Secretariat for SOEs on solutions to reduce deficits and development of fixed and mobile values.
It will also have a word on the inclusion or exclusion from the list of SOEs, of under funded or profitable companies.
SOURCE: PROTO THEMA
