PECULIARITIES OF FINANCIAL AND BUDGETARY CONTROL IN MODERN REALITIES

The article discusses the main features and problems of implementing financial and budgetary control at the current stage of development. The basis for the study of key features was the control activities of the Office of the Federal Treasury in the Udmurt Republic. The main points that the Federal Treasury focuses on when exercising the functions of financial and budgetary control are highlighted. The importance of monitoring the need to use digital technologies, expanding the role of monitoring the efficiency of the use of budgetary funds, the transparency of budgetary processes, and the use of budgetary funds for socio-economic programs and projects is growing. Responsibility for committed budget violations has been strengthened.The volume of funds allocated to the Udmurt Republic, the volume of concluded contracts (contracts), the volume of funds checked by the Federal Treasury Department for the Udmurt Republic, the structure of detected violations, especially violations of the legislation on the contract system, were analyzed. It was determined that in order to ensure a higher level of efficiency of financial and budgetary control, it is necessary to improve the existing system of financial and budgetary control, work to improve the system of public finance management, continue to digitalize financial and budgetary control, in connection with which high hopes are pinned on the implementation of the project of the Ministry of Finance of the Russian Federation “Electronic SMART control (controlling) and accounting of public finances for management decisions”.