METHODOLOGICAL ISSUES OF FINANCIAL MANAGEMENT, ANALYSIS OF THE SYSTEM GENERAL OUTLINE AND ITS EFFICIENCY: THE EXPERIENCE OF YUGRA

One of the goals in ensuring effective budget funds spending amid current conditions of limited resources is to ensure the provisions aimed at improving the quality of financial management of the chief treasurers (administrators) of budget funds (CTFB), state and municipal institutions. In Russia, the concept of “public financial management” was first legally enshrined with the release of the order of the Ministry of Finance of the Russian Federation of 10.12.2007 No. 123n “On the organization of the quality monitoring of financial management performed by chief treasures of the federal budget,” [1], in accordance with the provisions of financial management which is a set of procedures and processes, ensuring the efficient use of budget funds and involves all the components of the budget process (including preparation of the draft budget and its implementation, accounting and reporting, control and audit). The purpose of the study is to analyze the methodology developed and applied in the Khanty-Mansi Autonomous Okrug — Yugra (hereinafter — Yugra, Autonomous Okrug) for the financial management quality assessment. When conducting monitoring, financial management quality indicators are used, which reveal the facts of budget violations detected by the state financial control bodies of the Autonomous Okrug in relation to monitoring objects for the set targets. At the same time, the application of the current methodology in the autonomous okrug is assessed for compliance with the methodological recommendations of the Ministry of Finance of the Russian Federation and the formulation of proposals aimed at its improving. In addition, its improvement degree will be considered, since in the public and municipal administration sector, the development of the financial management methodology and quality assessment criteria are aimed not so much at its improvement, but at the of budget spending effectiveness.

Budget Code of the Russian Federation, public finance management, monitoring, financial management, chief treasurer of budget funds, methodology, system, efficiency, control, audit, rating.

Ladyzhenskaya T. P., Kuznetsova N. A. Methodological issues of financial management, analysis of the system general outline and its efficiency: the experience of Yugra. Business. Education. Law, 2021, no. 3, pp. 98—105. DOI: 10.25683/VOLBI.2021.56.321.