Budgetary control

Budgetary control is a type of financial accounting carried out by the state. This activity is aimed at ensuring the legality, effectiveness, reliability of economic phenomena and processes.

Budgetary control is a part of financial and economic control. It is considered as a set of certain activities that are conducted by state bodies to verify the effectiveness, legality and appropriateness of actions in the formation, use and distribution of state funds in general, as well as of its subjects and territorial bodies. The budgetary control allows to reveal reserves of increase in revenues to the budget, as well as methods for improving budgetary discipline. All these measures have a legislative basis due to the fact that it is the law that ensures the regulation of control relations in the sphere of financial activity.

The concept of "budget control" is not contained in the current legislation. To determine the essence of this activity, specialists proceed from the fact that it is part of the complex of financial actions of the state, municipal formations. In other words, budgetary control refers to a method that is used to ensure legality in the course of financial activities.

The peculiarity of this method of accounting (unlike customs, currency or tax) is the availability of special content, a specific object, subject, tasks and purposes.

The content of the budget control is an audit of the implementation of the budgets of the country, extra-budgetary funds. The same concept includes the assessment of the organization of monetary circulation, the use of credit resources, the state debt (external and internal), the reserves of the state, the provision of tax and financial benefits and benefits.

The purpose of budgetary control should be considered ensuring the legality of financial performance. In other words, the compliance of the legislation with all parties involved in financial relations is analyzed and assessed.

This goal can be achieved by accomplishing certain tasks. They include:

1. Compliance with legislation.
2. Ensuring effective control over the formation of state profits and its rational application.
3. Compliance with the financial process.
4. Implementation of control over the implementation of the structure of intergovernmental fiscal relations.
5. Prevention, suppression of offenses in the sphere of finance.
6. Coordination and verification of the activities of control units.

The object of financial verification is money relations, which are formed at all stages of the financial process.

Subjects are the bodies of budget control. They include legislative, executive branches of power, officials of territorial administrations in municipalities. Subjects are divided into supervised and controlling. The first category includes government departments, enterprises, organizations, institutions. In other words, controlled objects include all objects that received, transferred or used budget funds.

Different types of financial checks are based on specific methods and forms of their conduct. To reduce the risk of errors are often applied PMC KIS Budgeting.

The existing legislation divides the state financial audit into internal and external. Internal control is exercised by the executive. This check, conducted on the activities of the parties to financial relations, is inextricably linked with the tasks that are facing their participants.

External control is carried out by independent bodies. This check is made about the financial activities of the executive branch.