IMPROVEMENT OF THE SYSTEM FOR ASSESSING THE EFFECTIVE PLANNING OF BUDGET EXPENDITURES OF THE UDMURT REPUBLIC

Abstract

One of the most urgent tasks today is to increase the efficiency of the use of available resources at each level of the budget system of the Russian Federation as a whole and each region in particular. At the same time, the main issue is the improvement of budget planning, as one of the main elements of the management system of state and municipal finances. In order to ensure long-term balance and stability of the budgets of the budgetary system, a number of measures have been implemented in recent years aimed at ensuring greater stability and predictability of economic and financial conditions, as well as reducing their dependence on external factors. Such measures in the long term are an important factor for maintaining macroeconomic stability, which in turn creates the basic conditions for ensuring sustainable inclusive economic growth, the implementation of strategic objectives and the growth of the welfare of the population. In this article, an attempt is made to assess the effectiveness of budget expenditure planning in the Udmurt Republic, several existing methods for assessing the effectiveness of budget expenditure planning at the regional level are considered. One method, the most suitable according to the author, was chosen, which was analyzed and its shortcomings were revealed. Based on the analysis, the authors proposed their own methodology for assessing the effectiveness of budget expenditures, taking into account all the existing shortcomings of the basic methodology, and made appropriate calculations on the example of the regional budget of the Udmurt Republic. In conclusion, the essential advantages of the new author's methodology are listed, which allows taking into account the real state of the economy today.