MONITORING AND ЕVALUATION OF THE QUALITY OF REGIONAL FINANCE MANAGEMENT AS A TOOL TO IMPROVE THE EFFICIENCY OF PUBLIC AUTHORITIESOF THE RUSSIAN FEDERATION

The article discusses the relationship between the efficiency of activity of state authorities of subjects of the Russian Federation and execution of regional budgets, a significant portion of which is formed at the expense of state credits. In recent years, the level of the debt burden of regional budgets has increased, the main source of credit for which were private banks. However, the need to implement the “May decrees” of Vladimir Putin has set the Federal centre the task of finding a universal and, at the same time, an effective mechanism for replenishing regional budgets, which were budget loans. By February 2018, the regional support program had fulfilled its main target function at the expense of budget loans, allowing the subjects of the Russian Federation to execute “May decrees”. Accordingly, after the presidential elections of 2018, the regions lost the opportunity to credit themselves in the previous volumes at the expense of the federal budget. Therefore, the primary task of the federal authorities is to develop new mechanisms for an increase of efficiency of activity of regional authorities of the Russian Federation, one of which can become the monitoring and assessment of the quality of management of regional finance. It will allow identification of the weaknesses of the regions in the implementation of the budget process and the formation of their financial base.

federal center, power, budgetary process, interbudgetary relations, state credit, decentralization, budget legislation, regional finance, monitoring, subjects of the Russian Federation, rating

1. * Ранее действовал Указ от 10.09.2012 № 1276