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ИД «Финансы и кредит»






Finance and Credit

Economic criteria to determine the efficiency of budgetary funds utilization allocated for R&D

Vol. 29, Iss. 2, FEBRUARY 2023

Received: 22 April 2019

Received in revised form: 22 May 2019

Accepted: 24 June 2019

Available online: 28 February 2023

Subject Heading: FISCAL SYSTEM

JEL Classification: H56, H57, H83

Pages: 442–460


Roman V. SIRKIN Scientific and Production Association Special Equipment and Telecoms of the Ministry of the Internal Affairs of the Russian Federation, Moscow, Russian Federation

ORCID id: not available

Subject. The article addresses the basics of control and methodological support to financial control over research and development (R&D) under government contracts by contracting authorities, including economic risks inherent in their internal control systems.
Objectives. I focus on developing economic criteria like control and methodological tools, enabling to establish documented and economically justified actual expenditures for R&D of contractors under government contracts.
Methods. The research methodology rests on the analysis and identification of actual problems and economic risks when implementing R&D under government contracts.
Results. I developed economic criteria to confirm the actual expenditure of contracting organizations for performing R&D under government contracts. These criteria can be used to determine the objective cost of R&D when determining the effectiveness of budgetary funds use, to increase the objectivity of justifying the initial (maximum) prices of contracts.
Conclusions. The existing economic risks of financial control can be minimized through continuous implementation of control and analytical procedures by the contracting authority regarding the level of actual cost of R&D of the contractor. The proposed economic criteria will help contracting authorities organize verification of actual expenditure and evaluate the economic feasibility and expediency of such expenditure by type of costs.

Keywords: financial control, cost control, internal control system, research and development, economic criteria


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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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Vol. 29, Iss. 2
February 2023