FEATURES OF THE ADMINISTRATION OF THE BUDGET PROCESS AT THE ENTERPRISES OF THE FEA SPHERE

The article is devoted to the analysis of improving budget process trends. The author offers the concept of "financial technologism". Its usage should promote an essential improvement of the budget process. The given concept is based on the fact that the regulation of budget procedure is the process of determination of "rules of the game", and the order of interaction of different institutions within the framework of the budget process, and the trends and volumes of expenses are the strategy of institutions. The procedure within the budget process plays a principal role as compared with the trends and volumes of public expenditures.

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The Scottish Budget Process: Options for Change

Scottish Affairs ◽

10.3366/scot.2004.0029 ◽

2004 ◽

Vol 47 (First Serie (1) ◽

pp. 99-114

Author(s):

Alex Christie

Keyword(s):

Budget Process

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Non-standard functions and structures of ministries of finance under economic challenges: A case study of Western governments

Finance and Credit ◽

10.24891/fc.26.11.2448 ◽

2020 ◽

Vol 26 (11) ◽

pp. 2448-2471

Author(s):

S.V. Anureev

Keyword(s):

Economic Growth ◽

Economic Development ◽

Comparative Analysis ◽

Great Britain ◽

Central Banks ◽

Economic Recovery ◽

Budget Process

Subject. This article examines the functions and management structures of central financial bodies and related parliamentary and governmental structures in Australia, Canada, Great Britain, Japan, Germany, France and Italy. Objectives. The article aims to identify non-standard functions and structures that go beyond the classical responsibility of finance ministries as a central part of the budget process arising from current economic challenges. Methods. For the study, I used a comparative analysis. Results. The article describes the important new functions of financial authorities and treasuries of Western governments aimed at economic growth and economic recovery. Conclusions. The organizational and management structures and functions of the ministries of finance go far beyond the budget process, overlap with and dominate the functions of central banks and ministries of economic development.

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Information publicity and transparency of budget process in the consolidated territorial communities of Lvivska oblast: estimation and ways of improvement

Socio-Economic Problems of the Modern Period of Ukraine ◽

10.36818/2071-4653-2019-1-9 ◽

2019 ◽

pp. 46-52

Author(s):

Olha Zhabynets

Keyword(s):

Personal Responsibility ◽

Local Level ◽

Financial Information ◽

Reform Process ◽

Budget Process ◽

Timely Manner ◽

Public Authorities ◽

Information Transparency ◽

Key Indicator ◽

Disclosure Of Information

In the process of decentralization in Ukraine, the information transparency of the management becomes important, which implies the openness and accessibility of information for all members of society. It reflects the current and perspective states of the reform process. Decentralization means not only a transferring of powers, but also financial resources and responsibilities from public authorities to local authorities. So the information publicity and transparency of the budget process should become the key indicator to estimate the effectiveness of the management of the finances of the consolidated territorial communities (CTCs). The purpose of the article is to evaluate and propose ways to increase the information publicity and transparency of the budget process at the local level. The author analyzes the implementation of the requirements of the Ukrainian legislation about informational publicity and transparency of the budget process in the CTCs of Lvivska oblast established in 2015-2017 and shows positive and negative moments in displaying of financial information on CTCs’ sites. A number of measures are proposed to increase the information publicity and transparency of the budget process at the local level. The author considers that in order to ensure publicity and transparency of the budget process in the CTCs of Lvivska oblast it is necessary: to unify and maximally simplify the mechanism of access of CTCs’ members to financial information through the standardization of the procedure for disclosure of information about the budget process; to increase the personal responsibility of the heads of the CTCs for the lack of financial information that is due to be published on the site of communities; to continuously monitor the availability and updating of information about the budget process on the CTCs’ sites in order to respond in a timely manner to the appearance of possible negative trends; to take preventive measures with the use of appropriate sanctions (fine, removal from office, etc.) in cases of delaying the submission of actual financial information to the site of CTCs, the disclosure of information in its entirety, the discovery of unreliability of financial information or other manipulations with figures or financial documents filed on CTCs’ website.

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CURRENT STATE OF REGULATION OF INTERNAL FINANCIAL CONTROL AND INTERNAL FINANCIAL AUDIT IN THE BUDGET SECTOR

EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA ◽

10.36871/ek.up.pr2020.09.01.015 ◽

2020 ◽

Vol 1 (9) ◽

pp. 119-124

Author(s):

D. R. GINIYATULLINA ◽

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Keyword(s):

Internal Control ◽

Internal Audit ◽

Regulatory Framework ◽

International Standards ◽

Financial Control ◽

Budget Process ◽

Federal Law ◽

Government Sector ◽

General Government ◽

Financial Audit

Since 2013, there has been an active transformation of the regulatory framework related to the implementation of international standards of internal audit in Russian practice, which regulates the organization and implementation of internal financial control and internal financial audit in the general government sector. However, the regulatory framework is constantly undergoing changes that are associated with the need to take into account the specifics of the functioning of these organizations. Particular attention is paid to the development of the methodological foundations of internal financial control and audit on the basis of amendments made by the Federal Law of July 26.07.2019, 199-FZ to the Budget Code of the Russian Federation. In particular, internal financial control was removed from the budgetary powers of participants in the budget process. When these changes were implemented, a lot of questions arose, such as the exclusion of internal financial control as a separate budgetary authority means that this type of control can be omitted, journals and internal control cards are not kept.

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