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Improvement of Treasury Control Tools as a Measure to Increase the Efficiency of Budget Expenditures

Author

Listed:
  • Andrey I. Lukashov

    (Federal Treasury Department for Moscow, Moscow, Russian Federation; Plekhanov Russian University of Economics, Moscow, Russian Federation)

Abstract

The article is devoted to the issues related to the need to improve the efficiency of budget funds. The author proposes to supplement the "classical" criteria of budget funds usage efficiency with the criterion of legality. The study summarizes and analyzes the results of control activities of the Accounts Chamber of the Russian Federation and the Federal Treasury. In view of the significant number of violations detected by the state financial control bodies, the author concludes that it is necessary to improve the treasury control tools, such as treasury service, treasury support, budget monitoring and preliminary control in the field of procurement. The author also considers approaches to improving the operational efficiency of the use of budgetary funds. The empirical basis of the study are the results of the federal budget execution for the past five years, as well as indicators of the federal budget receivables. Special attention is paid to the prospects for the development of centralized budget accounting.

Suggested Citation

  • Andrey I. Lukashov, 2023. "Improvement of Treasury Control Tools as a Measure to Increase the Efficiency of Budget Expenditures," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 45-60, October.
    • Handle: RePEc:fru:finjrn:230503:p:45-60
    DOI: 10.31107/2075-1990-2023-5-45-60
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    References listed on IDEAS

    as
    1. Andrey I. Lukashov, 2021. "Some Directions of Increasing the Efficiency of Public Administration in the Context of Digitalization," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 67-75, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    state financial control; treasury control; treasury service; treasury support; centralized budget accounting;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • M38 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Government Policy and Regulation
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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