Relevance of the research topic. Modern public financial management systems need to increase the level of effectiveness of the use of budget funds in addressing the strategic priorities of the country's development in various spheres of public relations. The issues of assessing the efficiency and effectiveness of the formation and use of budget expenditures in the development and implementation of budget policy, the integration of the assessment of budget effectiveness in the budget process are becoming important. Formulation of the problem. Given the need to implement an effective budget policy of socio-economic growth, the task of assessing the effectiveness and socio-economic efficiency of budget expenditures at all stages of the budget process in terms of application of program-targeted method of budget resources management. It is also important to optimize the distribution and use of budget resources between budget programs, budget managers, taking into account the criteria of priority, to obtain specific public significant results. Analysis of recent research and publications. The work of foreign and domestic scientists K. Weiss, E. Vedung, A. Premchand, V. Tanzi, L. Vasyutinska I. Zapatrina, N. Kornienko, V. Fedosov, I. Chugunov and others is devoted to the issue of assessing the efficiency and effectiveness of the use of budget funds. Selection of unexplored parts of the general problem. Research on the effectiveness of budget expenditures in budget management is updated due to the need to effectively and efficiently address the priorities of the country in various spheres of public relations, the use of budget expenditures as a tool for regulating socio-economic processes in the country. Setting the task, the purpose of the study. The objectives of the study are: to reveal the essence of the effectiveness of budget expenditures, the peculiarities of its evaluation in the system of program-target method of budget resources management; development of approaches to assessing the effectiveness and socio-economic efficiency of budget expenditures, budget programs and budget activities of public administration. The purpose of the study is to reveal and improve the theoretical and methodological provisions for assessing the effectiveness of budget expenditures in the context of budgetary regulation of public development. Method or methodology for conducting research. The article uses a set of research methods: dialectical, systemic and structural methods, comparative and factor analysis, methods of scientific abstraction, analysis, synthesis and others. Basic material presentation (results of work). The essence of the effectiveness of budget expenditures and the peculiarities of its evaluation in the system of program-target method of budget resources management are revealed. Approaches to assessing the effectiveness and socio-economic efficiency of budget expenditures, budget programs, budget managers, as well as its integration into the budget process have been developed. The field of application of results. The results of the study can be used in the development and implementation of public policy in the field of budget expenditures, reforming the public financial management system. Conclusions according to the article. The effectiveness of budget expenditures occupies a central place in the program-target model of budget resources management, which involves the implementation of processes of planning, implementation and control over the expenditure of the budget depending on the assessment of the expected and achieved level of effectiveness of budget programs. Evaluation of planned and actual effectiveness of budget expenditures, expected and achieved socio-economic efficiency of budget expenditures should be carried out at all stages of the budget process at the level of budget programs, the main managers of budget funds, their groups and the branch as a whole.
Kenya
