Improvement of Treasury Control Tools as a Measure to Increase the Efficiency of Budget Expenditures

Andrey I. Lukashov ()
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Andrey I. Lukashov: Federal Treasury Department for Moscow, Moscow, Russian Federation; Plekhanov Russian University of Economics, Moscow, Russian Federation

Finansovyj žhurnal — Financial Journal, 2023, issue 5, 45-60

Abstract: The article is devoted to the issues related to the need to improve the efficiency of budget funds. The author proposes to supplement the "classical" criteria of budget funds usage efficiency with the criterion of legality. The study summarizes and analyzes the results of control activities of the Accounts Chamber of the Russian Federation and the Federal Treasury. In view of the significant number of violations detected by the state financial control bodies, the author concludes that it is necessary to improve the treasury control tools, such as treasury service, treasury support, budget monitoring and preliminary control in the field of procurement. The author also considers approaches to improving the operational efficiency of the use of budgetary funds. The empirical basis of the study are the results of the federal budget execution for the past five years, as well as indicators of the federal budget receivables. Special attention is paid to the prospects for the development of centralized budget accounting.

Keywords: state financial control; treasury control; treasury service; treasury support; centralized budget accounting (search for similar items in EconPapers)
JEL-codes: G32 H12 M15 M38 O32 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:230503:p:45-60

DOI: 10.31107/2075-1990-2023-5-45-60

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