The Necessity of insuring the budget process transparency

Abstract

The subject of research is theoretical and practical issues of budget system as a tool to influence economic development. The aim of the study is to determine the characteristics of the domestic budget system in modern conditions and justification of the directions of its improvement. Research methods. The paper used set of scientific methods and approaches, including systemic, structural, comparative factor that allowed unity to realize the conceptual study. The results. The problems of the budget system. The necessity of a broad application of the principle of transparency in the budget process, which guarantees the efficiency of the whole budget system. Range of application results. The budgetary system of the state and its mechanism of action. Conclusions. Transparency fiscal sphere involves compliance with European principles and standards of state aid to enterprises and industries, clarity and coherence of the legislation on tender purchases and maximum compliance with its rules. Ensuring transparency of public sector is a complex problem that requires a systemic, consistent action in different sectors and areas of government regulation. This task is now to be among the priorities in the plans of the authorities.

Keywords

• transparency
• budget
• budgetary process
• the transparency of the budget process