Финансы: теория и практика (Nov 2022)
Improvement of Methods of Quality assessment of Financial Management of chief administrators of budgetary Funds
Abstract
The quality of financial management is one of the key factors in achieving the goals and objectives of both commercial organizations and public sector organizations.The subject of this study is the relationship between the budget process participants, arising as a result of organizing and conducting an assessment of the quality of financial management in accordance with the budget legislation of the Russian Federation. The degree of scientific development of the topic is assessed as low since at the moment there is no consistent approach to assessing the quality of financial management from the point of view of financial management, and therefore this issue is relevant.The aim of the study is to substantiate the need to improve the methodology for assessing the quality of financial management of the chief administrators of budgetary funds. The issue of assessing the quality of financial management in the public administration sector is controversial and fairly new in the theory of public and municipal finance.The author used the following methods in the paper: an abstract-logical method, analysis and synthesis, induction and deduction.As a result of the study, a number of problems have been identified related to the reliability of the assessment of the quality of financial management of the chief administrators of budgetary funds, its significance, comparability, and objectivity, and the quality of legal and methodological support for the assessment.It is concluded that it is necessary to clarify the current budget legislation and eliminate legal conflicts, separate the results of assessing the quality of financial management of federal ministries, services, and agencies, adjust the formulas for calculating the values of indicators in the direction of “budget expenditures management”, and also introduce disciplinary responsibility of the head of the chief administrator of budgetary funds.The novelty of the study lies in the proposal of specific measures to improve the assessment of the quality of financial management of the chief administrators of budgetary funds in the framework of developing measures to improve the efficiency of the budget process.
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