Provision of paid medical services: clarify the rules for medical institutions

The initiatives of the Government of the Russian Federation concerning the clarification of the rules for the provision of paid medical services are considered. For medical budget institutions, it is significant that such services are proposed to be regulated not only by the Federal Law “On the Basics of Public Health Protection in the Russian Federation”, but also by the Law of the Russian Federation ”On Consumer Rights Protection”. A comparative analysis of the previous and new versions of the Rules for the Provision of Paid Medical Services by medical organizations is carried out. The financial aspects of the activities of budgetary medical institutions, their property rights and the limits of the exercise of these rights are considered. The new requirements to the form and content of the contract for the provision of paid medical services, the features of the remote method of its conclusion are considered.

Legislative budgetary power and fiscal discipline in the euro area

PurposeThe objective of this study is to understand the budgetary role of national legislatures in euro area (EA) countries and to analyse implications for fiscal discipline.Design/methodology/approachBuilding on the budget institutions literature, a legislative budgetary power index for all the 19 euro area (EA) countries is constructed using Organisation for Economic Co-operation and Development (OECD) and European Commission data as well as data generated from questionnaires to national authorities. A two-way fixed effects panel data model is then used to assess the effect of legislative budgetary power on the budget balance in the EA during 2006–2015.FindingsOverall, in the EA, formal legislative powers vis-à-vis the national budgetary process are weak, but there is more legislative involvement in Stability and Growth Pact (SGP) procedures, and legislative budgetary organisational capacity is generally quite good. In contrast to the traditional view in the budget institutions literature, this study’s empirical findings show that strong legislative budgetary power does not necessarily result in larger budget deficits.Research limitations/implicationsData on legislative budgeting were available from different sources, and time series data were very limited.Practical implicationsThere is scope to improve democratic legitimacy of the national budgetary process in the EA, without necessarily jeopardising fiscal discipline.Originality/valueThe constructed legislative budgetary power index covers all the 19 EA countries and has a broad scope covering various novel institutional characteristics. The empirical analysis contributes to the scarce literature on the impact of legislative budgeting on fiscal discipline.

ACCOUNTING AND ANALYTICAL SUPPORT FOR EVALUATING THE EFFECTIVENESS OF BUDGET INSTITUTIONS OF THE MINISTRY OF AGRICULTURE OF THE RUSSIAN FEDERATION

The article is devoted to a relevant topic – accounting and analytical information, which is necessary when analyzing the activities of budgetary institutions in the context of the implementation of government orders and income-generating activities. Since budgetary institutions are empowered to carry out commercial activities, it is necessary to develop a system of indicators that will allow analyzing the results of commercial activities to manage it. The source of information is the financial statements of a budgetary institution, and the article analyzes its ability to provide analytical calculations with the necessary information. The author notes that the management of income-generating activities is not fully supported by timely calculated analytical data. Due to the fact that the methodology for analyzing economic indicators for the timely management of income-generating activities is in the process of being developed, it is necessary to control all parameters of the plan of financial and economic activities and the report on the financial results of budgetary institutions.

Some features of the financial mechanism of budget institutions of Ukraine

The article is devoted to the peculiarities of construction and implementation of the financial mechanism of budgetary institutions, also substantiates the possible ways to improve financial security as a subsystem of the financial mechanism. In the conditions of transformation of the economic system of Ukraine, the actual direction of scientific researches is development of theoretical aspects of the financial mechanism of functioning of budgetary institutions, which is a component of the economic mechanism of the state. Today, the successful functioning of budgetary institutions is extremely important because they are created by the state to achieve social, cultural, educational, scientific and managerial goals for public health, development of physical culture and sports, spiritual and other intangible needs of citizens, protection of rights. Fulfillment of the set tasks is impossible without building an effective financial mechanism.

Accounting and analytical support for the activities of budget institutions of the ministry of agriculture

Текущая экономическая обстановка обуславливает, что для управления хозяйствующими субъектами различных отраслей и направлений функционирования требуется информационный свод как финансового, так и нефинансового характера. В настоящей статье исследуются и оцениваются целевые положения интегрированной отчетности, введена рекомендация по ее использованию в деятельности бюджетных учреждений Минсельхоза вместо текущей формируемой специализированной финансовой отчетности. Представлены и обусловлены несомненные «плюсы» и практичность от использования в практике интегрированной отчетности не только в качестве корпоративной отчетной формы, но и как отдельной отчетности учреждения сельскохозяйственной среды. The current economic situation means that the management of economic entities in various industries and areas of operation requires an information set of both financial and non-financial nature. This article examines and evaluates the target provisions of integrated reporting, and introduces a recommendation for its use in the activities of budget institutions of the Ministry of agriculture instead of the current generated specialized financial statements. There are presented and determined the undoubted «advantages» and practicality of using integrated reporting in practice not only as a corporate reporting form, but also as a separate report of an agricultural environment institution.

Budget institutions and government effectiveness

PurposeDo budget institutions play a role in explaining why government effectiveness is higher in some advanced countries than in others?Design/methodology/approachEmploying an original panel data set that covers four years (1991, 2003, 2007 and 2012), we find that budget centralization is associated with lower government effectiveness in OECD countries after accounting for a list of control variables, such as gross domestic product (GDP) per capita, government expenditure and country- and year-fixed effects.FindingsWe show that less-centralized countries display significantly better performance in health and infrastructure and a similar effectiveness in tax collections. The negative relationship between budget centralization and government effectiveness seems to manifest, especially at the execution stage of the budgeting process, but it is not significant at the formulation and legislation stages. These results survive a list of sensitivity tests.Research limitations/implicationsOur paper finds that centralization is associated with lower effectiveness in field areas like health and education. However, it has been previously shown that centralization improves fiscal responsibility. Thus, our findings point out to the need of achieving the right balance between fiscal responsibility and government effectiveness.Practical implicationsResults suggest that when governments at the national level are aiming at achieving effectiveness in field areas like health and education, they shall avoid excessive centralization at the execution stage of the budget.Social implicationsEffectiveness in the provision of public health, and education can be enhanced by giving more power to the field ministries at the execution stage of the budget preparation.Originality/valueWhile decentralized budget power was proved at the local government level, this paper belongs to the small group of contributions that deal with this issue at the central government level.

The specifics of accounting for financial investments in a budget institution

The article considers the types of financial investments, existing restrictions for budget institutions and ways to account for such investments. The concepts of the most common securities are disclosed. The main account for accounting for financial investments 204.00 and its analytical accounts are analyzed. The order of formation of the cost of financial investments on accounting accounts is shown, which provides for the initial formation of the cost on the account 215.00 “Investments in financial assets” with subsequent reflection of the generated cost on the account 204.00 “Financial investments”. Accounting entries are provided in cases of revaluation of securities with an increase or decrease in their value, with the difference being written off to the financial result. The article considers the conditions under which budget institutions can be participants or founders of other organizations and what actions are required to invest in the authorized capital of another organization. The rules for generating information about financial results are considered and an example of filling them in is given.