DOI: https://doi.org/10.18371/fcaptp.v3i26.144116

REENGINEERING OF PROCESSES OF MANAGEMENT BY STATE FINANCE IN CONDITIONS OF BUDGET REFORM

О. D. Rozhko

Abstract


For the successful implementation of any reform program and the creation of opportunities for the transition to a qualitatively new level of governance, not only the implementation of the measures provided for by the program, but also the availability of mechanisms that will ensure the transition process, must be a prerequisite. Improving financial management procedures requires a comprehensive vision and consistent steps to implement the basic principles of the reform of the budget sphere.

The purpose of the article is to develop a scientific approach to a comprehensive assessment of the quality of state finance management under the conditions of budget reform.

The application of a qualitic model based on the theory of fuzzy sets will allow to do a comprehensive assessment of the quality of state finance management. Such an approach is based on taking into account the values of the four groups of indicators — flexibility of state finances, debt burden on state finances, compliance of state finances with the requirements of budget legislation, and the effectiveness of budget expenditures management. As a result, obtaining the objective information on the quality of state finance management will allow to identify possible problems in a timely manner and to effectively implement effective managerial decisions.

The scientific-methodical approach to the complex evaluation of the quality of state finance management is proposed based on the use of a qualimetric model based on the theory of fuzzy sets. Unlike the existing ones, such an approach takes into account the importance of the four groups of indicators — flexibility of state finances, debt burden on state finances, compliance of state finances with the requirements of budget legislation, and the effectiveness of budget expenditures management. The obtaining objective information on the quality of the state finance management will allow to do identification of possible problems and the development of effective managerial decisions in the application of best practices in financial management timely.


Keywords


state finances; result-based budgeting; budget management; budget process; process-oriented approach; quality management of state finances.

Full Text:

PDF

References


Vasylyk, O. D., & Pavliuk, K. V. (2004). Biudzhetna systema Ukrainy [Budgetary system of Ukraine]. Kyiv: Tsentr navchalnoi literatury [in Ukrainian].

Dluhopolskyi, O. V. (2007). Teoriia ekonomiky derzhavnoho sektora [Theory of the economy public sector]. Kyiv: Profesional [in Ukrainian].

Koziuk, V. V. (2002). Derzhavnyi borh v umovakh rynkovoi transformatsii ekonomiky Ukrainy [Public debt in the conditions of market transformation of economy of Ukraine]. Ternopil: Kart-blansh [in Ukrainian].

Davenport, T. H. (1993). Process Innovation: Reengineering work through information technology. Boston: Harvard Business School Press.

Jacobson, I., Ericsson, M., & Jacobson, A. (1995). The Object Advantage: Business Process Reengineering with Object Technology. New York: ACM Press: Addison-Wesley Publishing.

Stiglitz, J. (2011, August). Rethinking Macroeconomics: What Failed, and How to Repair іt. Journal of the European Economic Association, 9 (4), 608—620.

Taylor, J. B. (2010, May/June). Getting Back on Track: Macroeconomic Policy Lessons from the Financial Crisis. Federal Reserve Bank of St. Louis Review, 9 (3), 165—176.

The CIPFA FM model. Statements of good practice in public financial management. (2005). CIPFA, United Kingdom. Retrieved from http://www.cipfa.org.

Vauban, S. (2004). La dime royale. Paris: Guillaumin & Co.

Visser, C., & Erasmus, P. (2002). The management of public finance: a practical guide. Oxford: Oxford University Press.


GOST Style Citations


Василик О. Д. Бюджетна система України : підручник / О. Д. Василик, К. В. Павлюк. — Київ : Центр навчальної літератури, 2004. — 544 с.

Длугопольський О. В. Теорія економіки державного сектора : навч. посібник / О. В. Длугопольський. — Київ : Професіонал, 2007. — 592 с.

Козюк В. В. Державний борг в умовах ринкової трансформації економіки України : монографія / В. В. Козюк. — Тернопіль : Карт-бланш, 2002. — 238 с.

Davenport T. H. Process Innovation: Reengineering work through information technology / T. H. Davenport. — Boston : Harvard Business School Press, 1993. — 352 p.

Jacobson I. The Object Advantage: Business Process Reengineering with Object Technology / I. Jacobson, M. Ericsson, A. Jacobson. — New York : ACM Press: Addison-Wesley Publishing, 1995. — 347 p.

Stiglitz J. Rethinking Macroeconomics: What Failed, and How to Repair іt / J. Stiglitz // Journal of the European Economic Association. — 2011. — August. — Vol. 9. — № 4. — P. 608—620.

Taylor J. B. Getting Back on Track: Macroeconomic Policy Lessons from the Financial Crisis / J. B. Taylor // Federal Reserve Bank of St. Louis Review. — 2010. — May/June. — Vol. 9. — № 3. — P. 165—176.

The CIPFA FM model. Statements of good practice in public financial management [Electronic resource]. — CIPFA, United Kingdom, 2005. — Available at : http://www.cipfa.org.

Vauban S. La dime royale / S. Vauban. — Paris : Guillaumin & Co, 2004. — 208 p.

Visser C. The management of public finance: a practical guide / C. Visser, P. Erasmus. — Oxford : Oxford University Press, 2002. — 392 p.





Copyright (c) 2018 О. D. Rozhko

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

ISSN (print) 2306-4994, ISSN (on-line) 2310-8770