Chapter managing and monitoring budget implementation 1 A. Budgetary accounting

D.

PROCUREMENT

 

The main objective of the government as a purchaser is to obtain high-quality

goods and services at a competitive price. Procurement procedures should provide fair

opportunity to all bidders, and be designed to get the best value for money and to

minimize risks of corruption and patronage. While government procurement is certainly

not the only possible source of corruption, it is one of the major ones, and vigilance is

always necessary to minimize corruption risks, optimize the use of financial resources,

and foster the growth of competition.