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Developing the program-target method of financial planning in the sphere of education

Vol. 23, Iss. 26, JULY 2017

PDF  Article PDF Version

Received: 20 April 2017

Received in revised form: 5 June 2017

Accepted: 19 June 2017

Available online: 14 July 2017

Subject Heading: BUDGET REGULATION

JEL Classification: I22

Pages: 1545–1562

https://doi.org/10.24891/fc.23.26.1545

Meliksetyan S.N. Rostov State University of Economics, Rostov-on-Don, Russian Federation
m.s88@bk.ru

Importance The article considers main shortcomings hindering the evaluation of the efficiency of the State program for education development, offers algorithms for designing and assessing government programs in education.
Objectives The purpose of the work is to disclose the development of the program-based and target-oriented method of planning in the education sector.
Methods The study employs methods of comparative analysis, systematization, classification, and analogy.
Results The work reviews the implementation of the program-target method of planning in the education sector. It presents a methodology to carry out measures of external State financial control over government programs from the perspective of their efficiency; presents algorithms to design and evaluate the efficiency of State programs in the sphere of education, including at the regional level. The algorithms can be also used for the purpose of internal State financial control in the process of monitoring.
Conclusions There is a need for improving the system of State financial control over public programs. The focus should be on high quality financial planning, internal State financial control and monitoring, accompanied by mandatory procedures for risk identification and assessment, methods of risk mitigation. This will help achieve the adequate quality of public social services and transfer the public administration to the level that meets the requirements of modern innovation-oriented development of the Russian economy.

Keywords: education, result-oriented budgeting, management by objectives, special-purpose program, State financial control

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