№ 9/2016

Fìnansi Ukr. 2016 (9): 7–0

PUBLIC FINANCE MANAGEMENT

MIARKOVSKY Anatolij

Innovations in information support of public finance management

The paper examines the link between the reforms in public finance management and implementation of the key provisions of the government Action Program. It also gives the analysis of major issues related to innovations to be brought in the public finance management in particular: the absence of comprehensive approach to the implementation of the reforms, lack of grounds and planned efforts in the public finance sector, and expected changes which should result in reforms.
The author shows discrepancies in the budget legislation, accounting regulations between the public sector and IMF GFSM 2014. Among the methodological issues to be urgently handled are the following: imbalance in the budget classification of revenues and expenditure used for the execution of the State and local budgets as well as those of public entities, and the budget classification of revenues and expenditures according to the public sector accounting standards; the budget classification of revenues, expenditure, crediting and financing in terms of indicators that do not meet the provisions of the GFSM 2014. The study of innovative processes in information support of public finance management makes it possible to draw a conclusion on the necessity of the comprehensive and systematic approach to the public sector reforms. The paper proposes the following steps: designing the strategy of the prospective development of the public finance management system, which will provide the creation of a unified methodology for forming an information management base to secure comparability of the planned and real indicators of the State, local budget and budget entities; harmonizing the classification of information in accounting with the budget classification by making amendments to appropriate regulatory and legislative acts of the Ministry of Finance of Ukraine (target-oriented issues in the budget process).

Keywords:innovations, public finance, public finance management, public sector accounting, statistics, Budget Code, accounting standards, government finance statistics standard, revenues, expenses.

JEL: M41, M48, O31.

Miarkovsky A. . Innovations in information support of public finance management / A. . Miarkovsky // Фінанси України. - 2016. - № 9. - C. 7-0.

Article original in Ukrainian (pp. 7 - 28)

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