Risk-Based Assessment of the Performance of Territorial Bodies of the Federal Treasury of the Russian Federation

Elena A. Fedchenko (), Lyubov V. Gusarova, Inna M. Vankovich, Alexander S. Lozhechko and Anastasia A. Lysenko
Additional contact information
Elena A. Fedchenko: Department of Financial Control and Treasury, Financial University under the Government of the Russian Federation, 49 Leningradskiy Ave., Moscow 125993, Russia
Lyubov V. Gusarova: Department of Financial Control and Treasury, Financial University under the Government of the Russian Federation, 49 Leningradskiy Ave., Moscow 125993, Russia
Inna M. Vankovich: Department of Financial Control and Treasury, Financial University under the Government of the Russian Federation, 49 Leningradskiy Ave., Moscow 125993, Russia
Alexander S. Lozhechko: Department of Public Finance, Financial University under the Government of the Russian Federation, 49 Leningradskiy Ave., Moscow 125993, Russia
Anastasia A. Lysenko: Department of Financial Control and Treasury, Financial University under the Government of the Russian Federation, 49 Leningradskiy Ave., Moscow 125993, Russia

Risks, 2023, vol. 11, issue 11, 1-17

Abstract: This paper presents the authors’ methodology of a risk-oriented approach to assessing the performance of territorial bodies of the Federal Treasury of the Russian Federation. The proposed methodology consists in the application of adjustment coefficients, which account for the quality of the execution of budgetary powers and the growth rate of the gross regional product of the corresponding territory. The goal of the study is to develop a risk-oriented methodology for assessing the contribution of the territorial bodies of the Federal Treasury to the United Nations sustainable development goals and national goals. The current study employs systemic, process based, risk-oriented approaches, statistical data analysis, and mathematical research methods. The gross regional product for the subjects of the Russian Federation is calculated for 2018–2019. Based on an analysis of Russian and foreign research on modern controlling systems and in accordance with the current concept of controlling, an attempt is made to develop a methodology for assessing the performance of the Federal Treasury and its territorial bodies. The main conclusion of the study is that the most expedient approach to assessing the efficiency of territorial bodies of the Federal Treasury is through the balanced scorecard system built in accordance with the strategic goals of the Federal Treasury, the national goals of the Russian Federation, and the UN SDGs.

Keywords: risk management; controlling; territorial bodies of the Federal Treasury; UN sustainable development goals; execution of budgetary powers; balanced scorecard; performance controlling (search for similar items in EconPapers)
JEL-codes: C G0 G1 G2 G3 K2 M2 M4 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2227-9091/11/11/202/pdf (application/pdf)
https://www.mdpi.com/2227-9091/11/11/202/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jrisks:v:11:y:2023:i:11:p:202-:d:1282548

Access Statistics for this article

Risks is currently edited by Mr. Claude Zhang

More articles in Risks from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().