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Innovation in the State financial control exercised by the Russian Federal Treasury

Vol. 21, Iss. 10, MARCH 2015

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Available online: 9 March 2015


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Pages: 2-11

Prokof'ev S.E. Financial University under Government of Russian Federation, Moscow, Russian Federation

Importance The article deals with innovative approaches of the Russian Federal Treasury in the sphere of the State financial control over information technologies introduction in the activities of regulatory and supervisory authorities.
     Objectives The aim of the study is to describe specific areas of increasing the extent of automation of control processes and enhancing the transparency of public authorities as mandatory conditions of implementing the anti-corruption policy and cooperation with the civil society.
     Methods The methodological basis of the research includes formal, logical, and systems approaches, the expert evaluation method, and the analysis and synthesis of the methodology of information management systems development in the sphere of public finance of the Russian Federation, including the techniques that have been developed by the International Monetary Fund and World Bank specialists.
     Results The study resulted in developed recommendations on the financial control system modernization within the powers of the Federal Treasury through automation and depersonalized process of authorization of payment operations with digital signature introduction. I present possible technologies to achieve the synergetic effect with simultaneous development of the infrastructure of both the State financial control and the social control. I provide a rationale for creation and further development of the Federal information systems, i.e. Management and Electronic Budget, as well as the all-Russia official website to implement electronic public procurement.
     Conclusions and Relevance I conclude that despite the single integrated information resource, the problem of full execution of functions and powers by the Russian regulatory and supervisory authorities has not been completely solved. Therefore, it is worth developing the infrastructure of public and departmental control, including the development of certain information resources and services.

Keywords: Federal Treasury, information technologies, financial control, electronic purchase, State control, public control, regulatory, supervisory, authorities


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