About the development of tools financial management in the public administration sector

The authors describe the mechanism of reforming the budget process since 2004, the basic setting of which was the shift of the emphasis of the budget process from "management of budget resources (costs)" to "results management" by increasing responsibility and expanding the independence of participants in the budget process and administrators of budget funds within clear medium-term guidelines. Results-based budgeting (RBB) is defined as the basic tool for public finance management in the budget reform. It is noted that the main goal of effective and responsible public finance management, that is, ensuring the quality of financial management in the public administration sector, is to provide public (state and municipal) services of high quality while increasing the efficiency and effectiveness of budget expenditures. At the same time, it is emphasized that the development of financial management tools in the public administration sector is based on the use of a managerial approach to the management of public (municipal) finances. The rationale for the need to implement a mechanism for monitoring the quality of financial management is illustrated and a multistage process of its improvement in the period 2007-2022 is described.