Abstract
Abstract. The relevance of the study is determined by the need to modernize the state financial control system in Ukraine in the term of globalization and European integration processes. The normative and organizational bases of construction of the combined systems of the state financial control in the leading countries are defined. The advanced experience in the effective interaction of the state financial control bodies from different branches of the state power are systematized and analyzed. The expediency for functioning of the combined system of the state financial control with a combination of elements of parliamentary and governmental systems in Ukraine is substantiated. The scientific outcome of the study is the statement of the effective combination of elements of different branches of the state power in the state financial control systems in the leading countries and substantiation of expediency of such combination in Ukraine. Within analysis of the advanced experience in the organization of the combined systems of the state financial control and the provisions of current legislation, key links of the Ukrainian system of the state financial control were determined namely parliamentary, governmental and departmental financial control. Unlike the existing approaches the system structuring was carried out by institutions that implement a certain type of the state financial control. To strengthen the interaction of these links of the state financial control system in Ukraine and turn it into the only effective mechanism, it is proposed to adopt a conceptual legislative act on the state financial control which should result in the standardization of the relevant conceptual framework, thorough division of control bodies’ powers, introduction of an effective mechanism for their interaction and information exchange between them. Keywords: financial, control, system, state, audit, service, accounting chamber. JEL Classification F42, H72, H83, G28 Formulas: 0; fig.: 1; tabl.: 0; bibl.: 18.
Highlights
The effective functioning of the public financial management system as well as the public administration system in general is one of the key factors in ensuring the sustainable development of the leading countries
According to this criterion the following systems are distinguished: parliamentary, when in the country’s constitution the state financial control is associated with the activities of parliament, which has the right to form an appropriate control body; judicial, when the constitutional norms regulating the activity of the state financial control bodies are included in the section regulating the functioning of the judicial branch of power (Greece, Turkey); presidential, when the basic norms concerning the state financial control are included in the section of the constitution on powers of the president in particular concerning formation of the supreme control body (Portugal, Uzbekistan); specialized, when the activities of the state financial control bodies are regulated by certain provisions of the constitution (Ireland, Denmark)
At the same time in many countries the process of the state financial control is regulated by the provisions of special legislation on government structures, so we will add to this list the government system which operates in particular in Finland and Sweden
Summary
The effective functioning of the public financial management system as well as the public administration system in general is one of the key factors in ensuring the sustainable development of the leading countries. The domestic system of public expenditure control needs to be significantly improved in view of the large expenditures of the public administration sector and the low efficiency of the state institutions as noted in the reports of international financial organizations in particular the World Bank. This situation poses a serious risk for the restoration of economic growth and social stability within the country, and for full membership in the progressive world community.
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