PUBLIC PROCUREMENT IN THE CONDITIONS OF PUBLIC FINANCE MANAGEMENT SYSTEM REFORM: ANALYTICAL ASPECT

2020 ◽

Vol 13 (1) ◽

pp. 86-94

Author(s):

I.Yu. Fedorova ◽

Keyword(s):

Public Finance ◽

Management System ◽

Public Procurement ◽

Legal Regulation ◽

Main Attention ◽

Procurement Process ◽

The Public ◽

Finance Management ◽

Legislative Framework ◽

Last Stage

The paper considers innovations in the field of legal regulation of public procurement at the last stage of the reform carried out in the public finance management system. The main attention is paid to filling the gaps in the legislative framework of the contract system in the field of procurement through the introduction of more effective instruments in 2018–2019, measures are considered that can increase the efficiency of the procurement process, and the conclusion is drawn about the effect of procurement on the development of individual sectors of the economy.

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FEATURES OF AUDIT IN THE FIELD OF PUBLIC PROCUREMENT

EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA ◽

10.36871/ek.up.p.r.2020.05.01.008 ◽

2020 ◽

Vol 1 (5) ◽

pp. 55-65

Author(s):

N. Sh. IVANCHENKO ◽

◽

E. I. ANIKANOV ◽

Keyword(s):

Public Finance ◽

Management System ◽

Public Procurement ◽

Financial Control ◽

The Public ◽

Analysis And Evaluation ◽

Finance Management ◽

Legal Foundations

This article defines the relevance and need for external public financial control (audit) of public procurement as part of the public finance management system, provides methodological and legal foundations for its implementation, identifies the main problems in applying a risk-based approach in planning an audit in procurement, and suggests possible directions for its improvement, analysis and evaluation of the results of the audit in the field of public prosecutors is carried out item.

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Integrating gender approach into the public finance management system

Fìnansi Ukraïni ◽

10.33763/finukr2020.02.055 ◽

2020 ◽

Vol 2020 (2) ◽

pp. 55-81

Author(s):

Andrij VATULIOV ◽

◽

Kateryna KLYMENKO ◽

Kostiantyn KUZNIETSOV ◽

Keyword(s):

Public Finance ◽

Management System ◽

The Public ◽

Finance Management

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Directions for improving the public finance management system of the country

Fìnansi Ukraïni ◽

10.33763/finukr2021.08.047 ◽

2021 ◽

Vol 2021 (8) ◽

pp. 47-67

Author(s):

Yurii LUPENKO ◽

◽

Yurii RADIONOV ◽

◽

Keyword(s):

Public Finance ◽

Economic Policy ◽

Economic Development ◽

Financial Management ◽

Management System ◽

Fiscal Rules ◽

The Public ◽

Finance Management ◽

New Instrument ◽

Socio Economic Development

The article analyzes the system of public finance management of the country, identifies a number of existing problems and outlines areas for further improvement and development. Emphasis is placed on the need to apply best practices in public finance management, in particular the introduction of a new instrument for coordinating fiscal and economic policy, called the European Semester, a tool for monitoring compliance with fiscal rules, similar to the German debt brake, and appropriate regulatory measures as well as the application of program-target budgeting method. It is expedient to create in Ukraine a tool similar to the European Semester in order to strengthen monitoring of the formation and implementation of fiscal, budgetary, economic policy of the state, promote broad public involvement and other stakeholders in 7collectivediscussion of budget requests, plans, concepts, socio-economic development strategies, carrying out structural economic reforms. The authors focus on the existing system of public finance management of the country, which requires an integrated approach, taking into account all components as a holistic mechanism of the system. It is emphasized that digitalization of the entire system and reduction of paperwork to zero will improve its manageability. In reforming the public financial management system, it is necessary to determine the unique role of each institution, which operates within a single mechanism and affects the effectiveness of its work, including those that assess its condition and ensure the reliability of the system, stimulate effective levers and tools finances. This will increase the efficiency of the distribution of budget expenditures, ensure the rational use of budget funds, sustainable dynamics of socio-economic development of the country, increase the welfare of citizens. Keywords: budget, budget funds, budget expenditures, public finance management system, socio-economic development of the country.

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Public finance management system and domestic financial support to the water supply and sanitation sector in Moldova

OECD Studies on Water - Improving Domestic Financial Support Mechanisms in Moldova's Water and Sanitation Sector ◽

10.1787/9789264252202-6-en ◽

2017 ◽

pp. 35-52

Author(s):

Keyword(s):

Public Finance ◽

Water Supply ◽

Financial Support ◽

Management System ◽

Finance Management ◽

Water Supply And Sanitation

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Modern trends in and problems of the national public finance management system development

Finance and Credit ◽

10.24891/fc.25.6.1353 ◽

2019 ◽

Vol 25 (6) ◽

pp. 1353-1372

Author(s):

O.V. Glushakova ◽

Keyword(s):

Public Finance ◽

Management System ◽

System Development ◽

Finance Management

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Public finance management system in modern conditions

Investment Management and Financial Innovations ◽

10.21511/imfi.17(4).2020.34 ◽

2020 ◽

Vol 17 (4) ◽

pp. 402-410

Author(s):

Alla Chornovol ◽

Julia Tabenska ◽

Tetiana Tomniuk ◽

Liudmyla Prostebi

Keyword(s):

Public Finance ◽

Public Debt ◽

Financial Management ◽

Management System ◽

Budget Deficit ◽

Negative Impact ◽

The Public ◽

Finance Management ◽

Public Financial Management ◽

Financial Management System

The public finance management system is an important lever for equalizing financial and budgetary disproportions in the context of institutional changes. The paper aims to substantiate the directions of development of the public financial management system. Economic and statistical methods and correlation-regression analysis methods are used to determine the relationship between the GDP deflator and the share of revenues, expenditures, the general government budget deficit, and public debt in GDP, assessing the features of the public financial management system in Ukraine and EU countries. This study reveals that one of the main restraining factors in the public finance system development is a significant level of uncertainty in economic processes, which intensifies macroeconomic fluctuations, significant indicators of the share of public debt and budget deficit of the state administration sector pose risks to financial and economic stability; their potential negative impact on socio-economic processes is much more destructive than the pro-cyclical nature of fiscal policy. From this point of view, the public finance management system should be directed at optimizing financial and budgetary tools to prevent the growth of public debt and budget deficit in gross domestic product, which determines the importance of substantiating further development directions of the public financial management system. It is concluded that the mechanism of public financial management in recent years is quite rigid and restrictive, in the context of institutional change expands the tools of public financial management and increases its impact on socio-economic processes.

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