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ИД «Финансы и кредит»






Finance and Credit

Improving the institutions of financial control in conditions of stressful development of the Russian economy

Vol. 28, Iss. 7, JULY 2022

Received: 4 April 2022

Received in revised form: 12 May 2022

Accepted: 26 May 2022

Available online: 28 July 2022

Subject Heading: Financial system

JEL Classification: G28, H83

Pages: 1554–1567


Anna P. GAVRYUSHENKO Russian State University of Justice, Moscow, Russian Federation


Subject. The article addresses the institutional environment in which the Russian financial control is organized and operates.
Objectives. The aim is to unveil problematic areas of organization of financial control and develop proposals for their elimination, from the standpoint of institutional approach.
Methods. The validity, reliability, and relevance of proposals rest on a set of approaches, in combination with general scientific and special methods of scientific cognition, like retrospective, systemic, functional-structural analysis, observation, classification, instrumental methods of grouping, sampling, comparison, and generalization, as well as evolutionary and dynamic analysis.
Results. On the basis of traditional domestic centralized and modern dispersed models of financial control, the paper identifies the possibility of combining their advantages. This enables to ensure interconnection and coordination within the framework of improved model of State financial control. I propose to mutually recognize the results of financial control bodies, including intra-departmental control. Thus, the institutional State financial control will get a "vertical", the competence of which will include all institutions and organizations using budgetary funds. The purpose of the improved control system functioning will expand and go beyond the identification of compliance with the parameters of financial management in the controlled areas.
Conclusions. The institutional approach will enable to solve management problems, strengthening the resource-saving control function.

Keywords: financial control, budget, control institution, systems approach, institutional environment


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ISSN 2311-8709 (Online)
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Vol. 28, Iss. 7
July 2022