On budget risk management

Vasyunina, Margarita L.

doi:10.24891/fc.23.40.2408

Cited by 7 publications

(5 citation statements)

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“…BCERF sustainability is a qualitative state of the budget in which a subject of public authority, in the existing socio-economic and regulatory conditions, mobilizes budget revenues in a timely manner and in full to ensure all the powers assigned thereto [35].…”

Section: Bcerf Sustainability -Debt Sustainabilitymentioning

confidence: 99%

“…In particular, debt restructuring and other measures to optimize public debt allowed for a reduction in public debt servicing costs for most CERFs in 2023 and 2024. At the same time, the planned increase in spending for 2025 is usually associated with the expiration of the budget loan term and the need to attract commercial loans (Table 3) [35][36][37][38].…”

Section: -1-2-cerf Budget Loans and Debt Restructuring Under Cerf Deb...mentioning

confidence: 99%

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New Economic Model and Conceptual Directions for Increasing Russia’s Regional Budgets Sustainability

Vasyunina,

Kosov,

Gorlova

et al. 2024

Emerg Sci J

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Objectives: This research aims to develop a new economic model and conceptual directions for increasing the sustainability of regional budgets in the Russian Federation. Methods: The research methodology is based on empirical methods (data collection, study, and comparison), methods of synthesizing theoretical and practical material, and mathematical and statistical analyses. When processing information, methods of systematization and grouping were used. The budgets of the constituent entities of the Russian Federation (BCERF) are the object of this study. The authors proposed grouping and revealed the consequences of the factor actions for the regions, leading to a reduction in income, an increase in the expenses of the BSRF, the need for government borrowing, etc. Findings: Conceptual directions for increasing the sustainability of regional budgets in the Russian Federation were proposed, such as eliminating the practice of subsidies in areas not defined by regulatory legal acts and improving the methodology for distributing subsidies for fiscal equalization, aimed at reducing the risks of underfinancing the expenditure obligations of a constituent entity of the Russian Federation (CERF). Novelty: The scientific novelty of this research includes the presentation of more effective mechanisms for controlling budgetary reserves and increasing the sustainability of regional budgets. Doi: 10.28991/ESJ-2024-08-02-015 Full Text: PDF

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Section: Bcerf Sustainability -Debt Sustainabilitymentioning

confidence: 99%

Section: -1-2-cerf Budget Loans and Debt Restructuring Under Cerf Deb...mentioning

confidence: 99%

New Economic Model and Conceptual Directions for Increasing Russia’s Regional Budgets Sustainability

Vasyunina,

Kosov,

Gorlova

et al. 2024

Emerg Sci J

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“…Согласно Федеральному закону от 27.06.2011 № 161-ФЗ «О национальной платежной системе» принято разграничивать электронные денежные средства и электронные средства платежа. Если к электронным деньгам можно отнести WebMoney, Qiwi, YandexMoney (перевод осуществляется без открытия банковского счета), то электронные средства платежа -это способы передачи распоряжений в целях осуществления перевода денежных средств в рамках применяемых форм безналичных расчетов с использованием информационно-коммуникационных технологий, электронных носителей информации, в том числе платежных карт, а также иных технических устройств 11 . Электронные средства платежа используются в банковской системе, отождествляя электронное «распоряжение» о переводе денежных средств.…”

Section: технологические характеристики государственного распределеннunclassified

“…Вместе с тем запись в реестр происходит автоматически при совершении операции, а это значит, что информация может быть использована в любой момент, в режиме реального времени для ее дальнейшей обработки. Подобные преимущества могут быть использованы в ходе мониторинга расходования средств бюджетов, 11 Федеральный закон от 27.06.2011 № 161-ФЗ (ред. от 27.06.2018) «О национальной платежной системе».…”

Section: технологические характеристики государственного распределеннunclassified

“…В связи с этим формирование системы предупреждения, выявления и ликвидации рисковважная задача управления государственными финансами. Достаточно перспективным направлением в этой части является использование реестра и матрицы бюджетных рисков, с последующей разработкой мер реагирования на их основе [11]. Вместе с тем логика развития бюджетного мониторинга предполагает постепенный переход к автоматизированному контролю бюджетных операций.…”

Section: система оценки рискованных транзакций способных привести к unclassified

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Prospects of Using Distributed Ledger Technology to Automatize State Financial Control

Varnavskiy

Buryakova

2018

Upravlencheskie nauki

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The concept of “digitalization” came into use relatively recently, but in many respects the further development of the Russian economy will depend on it. Design of conceptual approaches and practical algorithm for adaptation of new technologies to the functioning peculiarities of the financial system is of great importance for ensuring competitive advantages of Russia, including those at the international level. The article presents the prospects for applying modern technologies in the activities of state audit institutions, which are designed to ensure financial stability and contribute to the formation of a solid foundation for the economic growth of the country. The purpose of the research is to identify the prospects for automation of control procedures, taking into account the level of development of modern technologies to prevent violations in the financial sector. In the process of research, general scientific empirical methods were used: observation, comparison, collection and study of data; analysis and synthesis, a method of scientific abstraction. The chosen approach allowed to ensure the reliability and validity of the conclusions drawn. According to the results of the research the prospects for using the national accounting digital unit in the purpose of the control are outlined; the technological possibilities and legal restrictions of creation of the state distributed ledger technology are revealed; the system for assessing risky transactions that could lead to financial violations is proposed; key characteristics of the system of conducting decentralized accounting are formulated; the expected result of the implementation of the proposed models of automation of control procedures in the Russian practice is assessed. The authors have proved the expediency of creating a state distributed ledger technology for financial control purposes. The expected result of the implementation of these proposals is estimated as more than 50% of the annual violations identified by the state audit institutions.

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The impact of international sanctions on the “Uberization” and sustainable development of public finances

Burdelova

2023

E3S Web of Conf.

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The subject of the study is to minimize the risks of strengthening international financial sanctions on economic entities by building a decentralized mechanism for direct financing of budget recipients without the participation of the Federal Treasury in Russia, while ensuring that the payer fulfills its obligations and control over the targeted use of funds. The relevance of the study is to consider this mechanism in the context of international sanctions and as an alternative to a one-time collection from large businesses (windfall tax or tax on excessive profits of past years). The actuality is also confirmed by the use of the principle of “uberization” of relations between public finance entities, while the effectiveness and the need of “uberization” has already been confirmed in business practice. It is established that the financing of part of government spendings through such an alternative mechanism as “Uber” will reduce the sanctions risks for representatives of the business community. In the course of the study, specific examples of projects funded from the federal budget were analyzed, and these projects could first of all be transferred to the proposed new budget pilot financing mechanism. The conclusion is made about the efficiency of the proposed concept and the need for its further elaboration within the increased number 1) of enterprises and organizations directly financing the budget system expenditures on this electronic platform, and 2) of social, cultural and scientific projects financed with its help, gradually “uberizing” an increasing segment of budget financing.

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On budget risk management

Cited by 7 publications

References 0 publications

New Economic Model and Conceptual Directions for Increasing Russia’s Regional Budgets Sustainability

New Economic Model and Conceptual Directions for Increasing Russia’s Regional Budgets Sustainability

Prospects of Using Distributed Ledger Technology to Automatize State Financial Control

The impact of international sanctions on the “Uberization” and sustainable development of public finances

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