Abstract
Subject. One of the priorities of the national financial policy of the Russian Federation is to improve the efficiency and impact of the state financial resources use. These issues are particularly relevant in the conditions of the economy digitalization. The article presents the features of the innovative method implementation of the state financial control-budget monitoring, the effective budget monitoring algorithm and the algorithm of public control in Russia.
Purpose. The purpose of the work is to reveal key directions of increasing the efficiency of budget expenditures in the digital economy. The paper sets the following tasks: to determine the interim results of the programs implementation to improve the budget expenditures efficiency within the budget reform, as well as to identify the main results of budget monitoring; to develop algorithms for the budget monitoring and public control.
Design/Methodology/Approach. Methods of the comparative analysis, systematization, classification, analogy, comparison were used in the study.
Results. The paper presents an overview of prospective directions to improve the efficiency of the budget fund use. The results of budget monitoring by the Federal Treasury of the Russian Federation as an innovative method of the state financial control are presented in the article; the main results of the programs implementation to improve the budget funds efficiency in 2012 and 2018 are revealed; the algorithm of effective budget monitoring and the algorithm of public control in Russia are proposed.
Practical Implications: Results of the study can be implemented in management practice in order to improve the efficiency of budget expenditures, especially in the context of the digital economy formation.
Originality/Value. The real increase in the efficiency and impact of the budget funds use can be achieved only if there is the effective interdepartmental interaction of the state financial control authorities and law enforcement agencies, providing the financial security of the state. Achieving the social and economic efficiency of budget expenditures, the welfare of the country and improving the life standard of the population is possible only with the rational and effective distribution of public financial resources.
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Meliksetyan, S.N., Popova, G.V., Malyuga, A.L., Kravchenko, E.V. (2020). Directions for Increasing the Budget Expenditures Efficiency Under the Digital Economy Conditions. In: Popkova, E., Sergi, B. (eds) Scientific and Technical Revolution: Yesterday, Today and Tomorrow. ISC 2019. Lecture Notes in Networks and Systems, vol 129. Springer, Cham. https://doi.org/10.1007/978-3-030-47945-9_42
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DOI: https://doi.org/10.1007/978-3-030-47945-9_42
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