Финансы: теория и практика (Mar 2024)
Formation of a System for Evaluating the Effectiveness of State Financial Control and Budget Monitoring in Russian Federation
Abstract
State (municipal) financial control (SFC) and budget monitoring are mechanisms to minimize various types of violations and, as a result, improve the efficiency of the use of budget funds. In this regard, it is extremely important to have an objective assessment of the effectiveness of these mechanisms themselves. The subject of the research is the activity of SFC bodies in the Russian Federation. The purpose is to form a system for evaluating the efficiency of SFC and budgetary monitoring in the Russian Federation. Methods of synthesis, analysis and classification were used in the paper. The analysis of both theoretical and practical methods for evaluating the effectiveness of SFC is conducted. The Federal Treasury’s response measures are systematized with the aim of informing stakeholders about potential risks associated with various violations. The definitional content of “effectiveness and efficiency” in budgetary monitoring is revealed. The author’s interpretation of the definition of “efficiency” in SFC is proposed. The subsystems, elements and structure of the system for evaluating the efficiency of SFC and budgetary monitoring have been determined. The novelty of the study consists in the identification of three subsystems of the system for evaluating the efficiency of the SFC: the subsystem of expert assessments; a formalized subsystem of indicators based on the consideration of the efficiency of each stage of the activity of the SFC body; and the subsystem of the efficiency of an employee of the SFC body. The system for evaluating the efficiency of budgetary monitoring includes a one-factor component based on the ratio of the number of pieces of information sent to customers and contractors about the response measures taken and the decisions received from them. In terms of developing new theoretical and methodological approaches for evaluating the efficiency of SFC and budget monitoring, the study performed improved the theory and practice of public finances.
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