Main Directions for Increasing the Efficiency of the State Financial Control over Budget Management in the Subjects of the Russian Federation

Abstract

Developing the methodological instrument for monitoring the efficiency of the state financial control over the budget management in the subjects of the Russian Federation is a relevant issue for the financial control reforming and budgetary policy strengthening at the regional level. The article presents a number of the main characteristics, key criteria as well as efficiency rating of the regional budget management. The suggested in the article methodology is practically oriented and universal which presupposes the possibility of its implementation in evaluating the control efficiency in various regions with the following opportunity to compare the obtained results. The advantage of the proposed methods for determining the efficiency control is that the obtained results allow to estimate conditions and to elicit the calculation divergences for budget control management at the regional level. The practical implementation of the proposed mathematical tools used in determining the criteria and efficiency measurements provide acceptable circumstances for objective and transparent control of the budget execution results in the subjects of the Russian Federation. Moreover, the application of the given methods is suitable both for individual financial inspectors and state financial control agencies as well as for expert and analytical actions.