POTENTIAL OF STATE FINANCIAL CONTROL IN UKRAINE

Анотація

This article investigates the conditions for increasing the capacity of public financial control through gradual analysis. The author covers the concept of finance as an economic category. The article also defines the functions of finance and substantiates the establishment of a hierarchy of the function of control over the function of distribution. The essence of control is determined, as well as the nature of public financial control and its social significance. The main characteristics have identified the main subjects of public financial control in Ukraine. Such bodies are: The Accounting Chamber of Ukraine, which on behalf of the Verkhovna Rada of Ukraine controls the receipt of funds to the State Budget of Ukraine and their use, and the State Audit Office of Ukraine, which is the central body of executive power, whose activities are directed and coordinated by the Cabinet of Ministers of Ukraine. According to the current legislation, the powers of state financial control entities have been characterized and grouped. On the basis of the annual reports of 2018, the main subjects of the state financial control carried out a comparative analysis of their organizational structures and staffing. The results of the work of state financial control entities were also analyzed. The magnitude of the budget offenses was estimated by determining the level of correlation between the amount of detected violations and shortcomings in the monetary dimension in the amount covered by the control of funds. Despite the fact that less than fifty percent of the detected financial irregularities are returned to the state budget, it is possible to speak of at least about the break-even activity of the state financial control bodies, since these funds are half the time they cover the expenses for their support from the state budget. The conditions for increasing the capacity of public financial control and the factors that hinder its full disclosure have been identified.

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