THE VALUE AND ROLE OF BUDGET CONTROL IN THE SYSTEM OF THE BUDGET PROCESS

Abstract

In Ukraine, budget control brings up questions of effectiveness of the use of budget funds as financial management, and its results are almost not used in budgeting and management decisions. The author notes that control over the targeted use of budget funds, compliance with budget legislation, condition and use of state and municipal property should become more effective, focused not only on detection but mainly on prevention of financial offenses, should create a basis for specific management decisions. An effective system of budgetary control can be created only on this basis in the state sector. The need for budget control, its essence and significance are determined by the state system and the Constitution of Ukraine. When analyzing the Budget Code of Ukraine, the question arises as to whether control is a stage of the budget process. According to the author, budget control is not an independent stage of the budget process, as it takes place at all stages of the budget process and accompanies the entire process of formation, distribution and use of a centralized fund of funds - state and local budgets. The article states that budget control is a necessary procedure to support the stage of preparation, review and approval of the Budget Declaration or local budget forecast, drafting the budget, review and approval of the budget, budget execution, as well as preparation, review and approval of the report on the budget.