The Strategic Guidelines for Modernization of Budget Control System

• Main Author: Nedbalyuk Irina R.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2018-05-01
• Series: Bìznes Inform
• Subjects: budget control; budget control body; internal budget control; external budget control
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2018-5_0-pages-384_388.pdf

The key problems of functioning of budget control system in Ukraine are explored, taking into consideration imperfection of the legal and regulatory provision of budget control and incoherence of functions of the bodies responsible for implementation of external and internal budget control. It is recommended to improve the institutional-organizational system of budget control by means of: creation of the supreme body and the subdivisions reporting to it; reinforcement of both vertical and horizontal cooperation between the budget control bodies of different levels; implementation of the world standards of budget control and decentralization of local authorities in matters of budgetary control. A mechanism for implementing the internal and external budget control in Ukraine is proposed.