Modernization of the Ukrainian state financial control system in condition of the “Covid” economy

Abstract

The article investigates the nowadays system of state financial control and analyzes the main principles of its functioning. The risks and threats to the national economy during the coronavirus pandemic was defined. The introduction of new information management systems into the work of state financial authorities to control the targeted and efficient use of budget funds has been substantiated. The definitions of “Covid” economy and financial electronic control were specified. The issue of modernization of state control activity under the conditions of the coronavirus pandemic was considered. The article argues on importance to develop a package of legislative acts to reform the state financial control system. The necessity to create the Supreme institution of state financial control on the basis of the Accounting Chamber of Ukraine was explained. In competence of this bodies will include the organization and implementation of financial electronic control. Authors formulate the requirements for information analytical system of financial electronic control.