BUDGET CONTROL IN THE CONTEXT OF FORMATION AND IMPLEMENTATION OF BUDGET POLICY OF LOCAL GOVERNMENT BODIES

Abstract

Introduction. A systematic approach to the organization of budgetary control in terms of compliance with the law and the efficient use of budgetary resources is designed to promote the effectiveness of fiscal policy of local governments. Goal. Determining the features of budget control in the context of formation and implementation of budget policy of local governments. Method (methodology). Methods of logical generalization, analysis, comparison and synthesis are used to determine the features of budget control in the context of formation and implementation of budget policy. Results. It is established that budget control is considered by scientists from a certain research position, namely as: a kind of specialized state financial control, a component of management activities of government and local government, financial control function of authorized entities and the public. The peculiarities of budget control in the context of formation and implementation of budget policy of local governments are described and the following directions of its improvement are offered: formation of complex system of budget control in the context of formation and implementation of budget policy; unification of functions of state budget control bodies in order to prevent excessive and unjustified interference in the activities of local self-government bodies with the provision of information and communication exchange between local self-government bodies and external controlling bodies; creation of a subdivision of internal budget control in accordance with the determined organizational structure of local self-government bodies with appropriate documentary support of the procedure for its implementation; use of tools of public control along with the state in order to increase the efficiency of government, minimize the risks of violations and abuses in the financial sector, which in turn will increase the level of trust of residents of the local community and their direct participation in local government.