Assessment of functional elements of public finance management
The article assesses the main functional elements of public Finance management: planning, operational management and control. Financial planning and forecasting presently depend not only on macroeconomic and microeconomic factors, but also on geopolitical factors. Economic sanctions, which are still...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2020-12-01
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| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/2486 |
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| author | A. Z. Namitulina I. V. Soklakova E. Yu. Kuzmina E. A. Buryak |
| author_facet | A. Z. Namitulina I. V. Soklakova E. Yu. Kuzmina E. A. Buryak |
| author_sort | A. Z. Namitulina |
| collection | DOAJ |
| description | The article assesses the main functional elements of public Finance management: planning, operational management and control. Financial planning and forecasting presently depend not only on macroeconomic and microeconomic factors, but also on geopolitical factors. Economic sanctions, which are still ongoing, have a particular impact, so it is impossible to make an accurate forecast in the management of public finances. Operational public financial management can never be considered without public resources designed to support and implement the activities of all areas of the country’s life. The paper pays special attention to the control function due to the lack of a single objective control system. To improve efficiency, the authors propose to use certain criteria: the performance criterion and the criterion of inappropriate use of budget funds. The paper calculates the dependence of Federal budget revenues on the level of gross domestic product (GDP) and the level of unemployment. The authors use for the calculation a standard form of regression equation that takes into account statistical correlations. The results of this study can be used to improve the efficiency of Federal budget revenue planning. |
| format | Article |
| id | doaj-art-d8470d68a1f54fabbd8b9b77cce1d6a1 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2020-12-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-d8470d68a1f54fabbd8b9b77cce1d6a12025-02-04T08:28:06ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152020-12-0101013814410.26425/1816-4277-2020-10-138-1441871Assessment of functional elements of public finance managementA. Z. Namitulina0I. V. Soklakova1E. Yu. Kuzmina2E. A. Buryak3Moscow Institute of EconomicsMoscow Institute of EconomicsState University of ManagementKuban State Agrarian University named after I. T. TrubilinaThe article assesses the main functional elements of public Finance management: planning, operational management and control. Financial planning and forecasting presently depend not only on macroeconomic and microeconomic factors, but also on geopolitical factors. Economic sanctions, which are still ongoing, have a particular impact, so it is impossible to make an accurate forecast in the management of public finances. Operational public financial management can never be considered without public resources designed to support and implement the activities of all areas of the country’s life. The paper pays special attention to the control function due to the lack of a single objective control system. To improve efficiency, the authors propose to use certain criteria: the performance criterion and the criterion of inappropriate use of budget funds. The paper calculates the dependence of Federal budget revenues on the level of gross domestic product (GDP) and the level of unemployment. The authors use for the calculation a standard form of regression equation that takes into account statistical correlations. The results of this study can be used to improve the efficiency of Federal budget revenue planning.https://vestnik.guu.ru/jour/article/view/2486efficiencyfederal budgetfinancial planningimpact of sanctionspublic finance managementregression dependencestate financial controlunemployment |
| spellingShingle | A. Z. Namitulina I. V. Soklakova E. Yu. Kuzmina E. A. Buryak Assessment of functional elements of public finance management Вестник университета efficiency federal budget financial planning impact of sanctions public finance management regression dependence state financial control unemployment |
| title | Assessment of functional elements of public finance management |
| title_full | Assessment of functional elements of public finance management |
| title_fullStr | Assessment of functional elements of public finance management |
| title_full_unstemmed | Assessment of functional elements of public finance management |
| title_short | Assessment of functional elements of public finance management |
| title_sort | assessment of functional elements of public finance management |
| topic | efficiency federal budget financial planning impact of sanctions public finance management regression dependence state financial control unemployment |
| url | https://vestnik.guu.ru/jour/article/view/2486 |
| work_keys_str_mv | AT aznamitulina assessmentoffunctionalelementsofpublicfinancemanagement AT ivsoklakova assessmentoffunctionalelementsofpublicfinancemanagement AT eyukuzmina assessmentoffunctionalelementsofpublicfinancemanagement AT eaburyak assessmentoffunctionalelementsofpublicfinancemanagement |