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Public Participation as an Element of an Effective System of Public Finance Management

Author

Listed:
  • Yury V. Belousov

    (Financial Research Institute, Moscow, Russia)

Abstract

Enhanced public participation in the budget process is seen as an element increasing the efficiency of public finance management in the Russian Federation. The article is a theoretical framework for improving the methodology for monitoring fiscal data transparency in the Russian Federation, performed by the Financial Research Institute commissioned by the Russian Finance Ministry. The article discusses the theoretical issues related to the definition of public finance management, investigates the mechanisms of interaction of public and executive authorities in order to improve the efficiency of budget spending. In addition, the author presents the practical recommendations on the use of corporate financial management experience to the general government sector.

Suggested Citation

  • Yury V. Belousov, 2016. "Public Participation as an Element of an Effective System of Public Finance Management," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 88-96, August.
  • Handle: RePEc:fru:finjrn:160410:p:88-96
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    Citations

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    Cited by:

    1. Vladimir V. Vagin & Irina V. Petrova, 2020. "The Role of Public Participation in Ensuring the Efficiency of Budget Expenditures," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 25-38, December.

    More about this item

    Keywords

    efficiency of public financial management; management accounting; public participation; public control; the level of services;
    All these keywords.

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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