Doctor of Economics, Professor,
Professor of Department of Accounting of Kyiv National University of Trade and Economics
Postgraduate student of Department of Accounting of Kyiv National University of Trade and Economics
STATE FINANCIAL AUDIT OF HIGHER EDUCATION SYSTEM
Background. Scientists do not paid attention to researching of the essence of state financial audit of higher education system because state audit of budget programs execution and efficiency audit are mostly studied.
The aim of the article is dedicated to disclosure of conceptual basis of the state financial audit of higher education system.
Materials and methods. System of general scientific methods, that enables to achieves the goal, creates methodological basis of the article.
Results. A significant achievement of the study is the disclosure of the directions of increase of efficiency of budgetary expenses, the discovery of their role in the socio-economic development of the country. The analysis of the dynamics and structure of the expenditure part of the state and local budgets is realized. The interdependence between real GDP and the share of budget expenditures in the gross domestic product was defined. The provisions regarding the use of capital expenditures as a tool for achieving economic growth were developed. The directions of increase of efficiency of budgetary expenditures were based.
Conclusion. The study, according to the authors, will deepen the understanding of the role of budgetary expenditures in the social and economic development of the country, will allow to improve the quality of use of budgetary funds.
Keywords: budget, budget system, budget expenditures, fiscal policy, budget planning.