FEATURES OF AUDIT IN THE FIELD OF PUBLIC PROCUREMENT

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.

PRIORITY MEASURES OF LEGAL REGULATION OF THE SYSTEM OF S TATE AND MUNICIPAL PROCUREMENTS

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.

scholarly journals Integrating gender approach into the public finance management system

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

scholarly journals INSTITUTIONAL SUPPORT OF PUBLIC FINANCES

2021 ◽  
pp. 5-12
Author(s):  
Alla Chornovol ◽  
Yuliia Nemish ◽  
Olha Biliavska
Keyword(s):  
Public Finance ◽  
Institutional Support ◽  
The State ◽  
External Control ◽  
Financial Control ◽  
Public Finances ◽  
The Public ◽  
Finance Management ◽  
And Control ◽  
The Impact

Purpose. The purpose of the article is to study the legal and organizational principles of public finance management. Methodology of research. To achieve this goal, the following tools of research methods were used: dialectical - to determine the initial conditions and content of public finance; analytical - when processing literary and Internet sources; causal - to determine the institutional support of public finances; abstract-logical - to generalize the presented material and draw conclusions. Findings. The issues of the essence, structure and peculiarities of the functioning of public finances in Ukraine are studied; the institutional units that ensure their formation and control over their use are specified. The peculiarities of the content of public finances of Ukraine are considered, the peculiarities of their components are determined in order to achieve not only economic, but also social goals by the state. Under the institutional support of public finances, we understand a purposeful hierarchical system of legal institutions that form, use, redistribute and control the funds of the public sector. Thus, based on this, among the components of institutional support are: state; executive, legislative and judicial powers; VRU, CMU, central executive bodies, higher judicial bodies, National Bank, Accounting Chamber; local councils, local executive bodies, budgetary institutions, subjects of state and communal property; advisory bodies under the President of Ukraine, the Cabinet of Ministers of Ukraine; scientific, public and professional institutions (organizations) in the field of public finance. The relevance of the study of issues related to improving the efficiency of state bodies on the basis of recommendations of international organizations and the formation of appropriate regulatory and legal support is substantiated. For example, it was noted that an action plan for the respective years should be developed, which includes directions for each area of the Strategy for Reforming the Public Finance Management System (in our opinion, public) and specifies the state bodies responsible for a particular area of public finance. The bodies of state financial control are determined in accordance with the current legislation, in particular: external control carried out by the legislative bodies - the committees of the Verkhovna Rada and the Accounting Chamber; executive authorities and the central bank - the Cabinet of Ministers (through specialized state bodies) and the NBU; and internal (performed by heads of state bodies) and internal audit (performed by the main managers of budget funds). The requirements of the current legislation to ensure openness of their spending and opportunities for free access to this information in order to strengthen public control over the use of public funds are analyzed. The composition and main problems of institutional support of public finances are formulated and practical recommendations for its evaluation are provided, which will allow to increase the efficiency of public finance management. Originality. The scientific novelty lies in the separation of the content of the institutional support of public finances and recommendations for its evaluation according to the established criteria. Practical value. The main provisions of this study in the form of evaluation proposals can be used to monitor the impact of public reform policy on the development of public finances. Key words: public finance; management; institutional support; public authorities; public financial control.

Directions for improving the public finance management system of the country

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.

scholarly journals Public finance management system in modern conditions

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.

scholarly journals Theoretical and methodological principles of fiscal risks in the context of modernization of the public finance management system

2019 ◽  
Vol 2019 (4) ◽  
pp. 59-68
Author(s):  
Oleksandr KUSHNERUK ◽  
◽  
Kateryna STAKHOVA ◽  
Mariia TARASENKO ◽  
◽  
...  
Keyword(s):  
Public Finance ◽  
Management System ◽  
The Public ◽  
Finance Management ◽  
Methodological Principles ◽  
Fiscal Risks

scholarly journals Financial Equalization in the Conditions of Reform of the Public Finance Management System

2020 ◽  
pp. 81-92 ◽  
Author(s):  
Tetyana Paliychuk ◽  
◽  
Serhiy Petrukha ◽  
Nataliia Alekseienko ◽  
◽  
...  
Keyword(s):  
Public Finance ◽  
Management System ◽  
The Public ◽  
Finance Management

scholarly journals MODERN VECTORS OF REFORMING PUBLIC FINANCE MANAGEMENT IN THE CONTEXT OF MODERNIZATION OF THE FINANCIAL MECHANISM AND FINANCIAL SYSTEM OF UKRAINE

2021 ◽  
pp. 51-65
Author(s):  
Vasyl DEMIANYSHYN
Keyword(s):  
Public Finance ◽  
Management System ◽  
Financial System ◽  
The State ◽  
Financial Policy ◽  
The Public ◽  
Finance Management ◽  
Dialectical Analysis ◽  
Financial Mechanism

Introduction. The decline in the rate of socio-economic development of Ukraine, caused by a decrease in the effectiveness of state financial policy, the lag of its strategy from the requirements of the time, indicates the presence of complex unsolved problems of public finance management. The system of such management turned out to be unpredictable, especially in the long and medium term. The imbalance of certain elements of the financial mechanism led to a decrease in the quality of the state's performance of its functions. Objectively, society was faced with the task of reforming the public finance management system at all levels of the financial system, while modernizing the financial mechanism of the state and ensuring the achievement of long-term macroeconomic stability. The purpose of the article is to study scientific and methodological approaches to determining the stages, directions and specific components of public finance management, substantiation of modern vectors of reforming this management in the context of modernization of the financial mechanism and financial system of Ukraine. Methods. The study used general and special methods, in particular, dialectical analysis, synthesis, induction and deduction, logical generalization, and formalization. Results. The conceptual approaches to clarifying the essence and general characteristics of public finance management, its goals, objectives, principles and approaches are disclosed. The relationship between the types, stages, directions and components of the public finance management system has been established. The factors that negatively affect the management process are analyzed. The directions of improving the public finance management system in the context of reforming the financial system of Ukraine and the development of the financial mechanism of society are proposed, in particular: strengthening the requirements for maintaining financial discipline in the future; modernization of the system for the formation and distribution of financial resources of the state; creating conditions for ensuring the implementation of state financial plans; ensuring an appropriate level of publicity, transparency and clear accountability in the management of all parts of the financial system of Ukraine. It is proved that the implementation of each of these areas will contribute to improving the efficiency of public finance management in the context of modernization of the financial mechanism and financial system of Ukraine.

Sign in / Sign up

Export Citation Format

Share Document