Budget control is a kind of financial accounts maintained by the state.This activity aims to ensure the legality, efficiency, reliability and economic phenomena and processes.
Budget control is a part of financial and economic control.It is considered as a set of specific activities, which are conducted to verify the effectiveness of government agencies, legality and appropriateness of action in the formation, use and distribution of funds of the state as a whole, as well as its subjects and territorial bodies.Budgetary control identifies potential for increasing revenue income to the budget, as well as methods to improve fiscal discipline.All these events have a legislative basis in connection with the fact that it provides the right to control the regulation of relations in the sphere of financial activity.
concept of "budgetary control" is not contained in the current legislation.To determine the nature of this activity specialists proceed from the fact that it is part of the complex financial actions of the state and municipal formations.In other words, budgetary control is called the method that is used for the rule of law in the course of financial activities.
feature of this method of accounting (as opposed to customs, currency and tax) is the presence of a particular content, a particular object, the subject, objectives and goals.
Content budgetary control is checking the implementation of the budgets of the country, off-budget funds.The same concept applies assessment of the organization of monetary circulation, the use of credit resources, the state of public debt (external and internal), reserves of the state, of tax and financial advantages and privileges.
purpose of budgetary control should be considered to ensure the legality of the execution of financial activity.In other words, it analyzes and evaluates compliance with the law by all parties involved in the financial relations.
This objective can be achieved by performing certain tasks.These include:
- Compliance.
- ensure the effective control over the formation of the state income and its rational use.
- Compliance with the financial process.
- Control over the implementation of the structure of intergovernmental relations.
- prevention, suppression of offenses in the field of finance.
- coordination and audit of the control units.
The facility financial audit include monetary relations which are formed at all stages of the financial process.
subjects perform the budgetary control authorities.These include legislative, executive division of power, officials of the territorial administration in the municipalities.Subjects are divided into controlled and controlling.The first category includes units of state power, enterprises, organizations, institutions.In other words, to controlled entities include all objects which received, listed or used budget funds.
Different types of financial audits based on specific methods and forms of their implementation.To reduce the risk of errors is often used PMK CIS Budgeting.
Existing legislation divides the state financial audit on the internal and external.Internal control is carried out by the executive.This check is carried out with respect to their own activities by financial relations, is inextricably linked with the tasks that lie before them parties.
External control is carried out by independent bodies.This check is performed on the financial activities of the executive.
