Ivleva N.V.Russian Presidential Academy of National Economy and Public Administration, Orel Branch, Orel, Russian Federation ivleva_nv@mail.ru
Komarevtseva O.O.Russian Presidential Academy of National Economy and Public Administration, Orel Branch, Orel, Russian Federation komare_91@mail.ru
Fedotov A.I.Russian Presidential Academy of National Economy and Public Administration, Orel Branch, Orel, Russian Federation fedotov-92@bk.ru
Importance The article is dedicated to increasing the effectiveness of budgetary funds at the regional level which are to stimulate the economic growth and progress in the social sector by close linking the budget expenditures to the priorities of State social and economic policy. Objectives The purpose of our study is to identify major disadvantages of the implementation of the ordinance of the Orel region administration "On Approval of the program of "Improving the effectiveness of budget expenditures in the Orel region for the period up to the year 2012" of March 29, 2011 № 96, and identify opportunities to improve the functioning of the regional budgets by program-target method. Methods We conducted the study using a logical, economic and statistical, graphical analysis and synthesis. Results The result of the study is to substantiate and support the major concerns of the effective budget spending of the constituent entities of the Russian Federation. Application The results can be useful to a range of stakeholders, including State and municipal employees, public sector employees, faculty members, graduate students. Conclusions and Relevance We made a number of conclusions. The implementation of the Orel region administration's ordinance "On Approval of the program of "Improving the effectiveness of budget expenditures in the Orel region for the period up to the year 2012" of March 29, 2011 № 96 has not provided basic conditions, so talk about the real effectiveness of budget expenditures is premature. None of the administrators of the Orel region budget revenues has any approved methodology for calculating projected revenues of the regional budget. The dramatic expansion of the program approach to almost all types of budgetary expenditure was not justified and could lead to a reduction in the quality of budget planning. To account for the cost of the property assets of regional ownership of the Orel region, it is reasonable to use a project approach, because of the need to enhance the transparency of the activities of the regional authorities. More efficient use of budgetary resources imposes new requirements on the composition and quality of the information on the financial performance of the entity of public law, recipients of budgetary funds, as well as transparency of information on the results of their activities.
Keywords: expenditure, budget funds, target-oriented principle, public debt, regional budget, deficit, financial control
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