EXPERIENCE OF FOREIGN COUNTRIES IN PUBLIC FINANCIAL CONTROL IN TERMS OF DECENTRALIZATION

Abstract

The state control in financial management is one of the most effective tools that ensures the public financial resources management effectiveness. In other words, it is the activity of public authorities and management at all levels, established by law to identify, supress and prevent: abuses and mistakes in the state monetary and material resources management; violations of financial and economic legislation; flaws in the organization of financial and economic management systems of state organizations and their associations, organizations with state participation or mainly related to the activities of the state; threats to economic (including financial) security of the state. The article analyzes the conditions and models of state and municipal financial control in leading developed countries. Moreover, the systems of organization of financial management in developed countries were considered. The ways to apply foreign experience in Ukraine regarding the reforms in state and municipal financial control systems were studied.