TREASURY EXECUTION OF LOCAL SPENDING BUDGETS: PROBLEMS AND SOLUTIONS
https://doi.org/10.26794/2587-5671-2014-0-1-100-109
Abstract
The theoretical and practical aspects of using a treasury management system for servicing of local budgets are considered; the role of treasury bodies in routine management of local finances is defined. Current problems of treasury-based execution of local spending budgets are investigated and main deregulating factors affecting the procedure of cash execution of budgets are arranged in a system.Ways to improve budget funds management at the local level are proposed including: improvement of regulatory and software support of the budget process participants; improvement of a system of information exchange between Federal Treasury authorities, budget holders and operational financial bodies; replacement and retrofitting of outdated operating systems and the technological structure of information-analytical support of the Ukrainian State Communications Committee bodies; enhancement and extension of methods for controlling budget revenues and expenditures of budget holders and recipients; improvement of the practice of keeping account of local budget operations on budget resources.
About the Authors
D. I. Dema
the Zhitomir national Agroecological university
Russian Federation
Russian Federation
N. N. Feshchenko
the Zhitomir national Agroecological university
Russian Federation
Russian Federation
References
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Review
For citations:
Dema D.I., Feshchenko N.N. TREASURY EXECUTION OF LOCAL SPENDING BUDGETS: PROBLEMS AND SOLUTIONS. Finance: Theory and Practice. 2014;(1):100-109. (In Russ.) https://doi.org/10.26794/2587-5671-2014-0-1-100-109
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