Abstract
The relevance of the topic of the study is determined by the processes of reforming financial control system under conditions of the budgetary decentralization and euro integration processes in Ukraine. The theoretical and methodological principles of researching budgetary security and decentralization were determined. Based on the data within a twenty-five-year period the dynamics of profits, costs and surplus of the Consolidated budget of Ukraine were analyzed. The influence of the economic development cyclicity on budgetary security in the part of occurrence of budgetary deficit was identified. The quantitative assessment of budget decentralization in Ukraine was made based on the share of revenue of local budget in the revenues of Consolidated budget as well as transfers in the revenue and expenditure of the State budget of Ukraine.
 The scientific outcome of the study is the refinement of the definition of budget security for the state and the regions and substantiation of the conceptual model of financial control under decentralization conditions. 
 Unlike the existing definitions the proposed definition is grounded on the change of the ideology of the budget process participants under conditions of its democratization and decentralization as well as the risk-oriented and strategic approach.
 The proposed conceptual model of financial control under decentralization conditions is grounded on the unified network of the state and municipal control authorities, delegation of control functions according to the budget powers, transition from the inspection of inter-budgetary transfers to the audit of budget security under conditions of accepted socio-economic living standards of the local population, unification and standardization of the approaches to conducting audits of legality and effectiveness of the formation and using the local budgets.
Highlights
Financial control is a complex multi-level dynamic system, the functioning conditions of which are determined by the condition of national financial system, the chosen vector of its development and the specific features of the interaction of its particular spheres and sections.The main factors that cause the necessity of changes in the financial control system in Ukraine are the performance of closely related social and economic transformations: the reform of administrative and territorial arrangement, the reform of local self-government, budgetary decentralization, budgetary and tax reforms, etc. [1]
In the contest of the above mentioned, the aim of the article is to refine the definition of budgetary security of the state and the regions and to substantiate the conceptual model of financial control under decentralization conditions
The main scientific outcome of the article is the refinement of the definition of budget security of the State and the regions and substantiation of the conceptual model of financial control under decentralization conditions
Summary
Financial control is a complex multi-level dynamic system, the functioning conditions of which are determined by the condition of national financial system, the chosen vector of its development and the specific features of the interaction of its particular spheres and sections.The main factors that cause the necessity of changes in the financial control system in Ukraine are the performance of closely related social and economic transformations: the reform of administrative and territorial arrangement, the reform of local self-government, budgetary decentralization, budgetary and tax reforms, etc. [1]. The specified drawbacks negatively influence the efficiency of the industrial mechanism, the level of financial security of the state and its administrative and territorial formations. The requirements for the organization of financial control as a security category increase under conditions of financial liberalization, which is the way followed by developed countries including European ones. By lifting restrictions on incoming and outgoing international capital movements, financial liberalization improves the sharing of risk, the effectiveness of an international allocation of capital and the promotion of financial development [4]. The financial security of Ukraine demonstrates threatening status: there are excessively large share of cash outside banks in the total amount of money supply, imbalance of incomes and expenditures of the state and local budgets and inefficient use of public funds (Reznik O., Getmanets O., Kovalchuk A., Nastyuk V., Andriichenko N., 2020) [5]
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