, General Manager, Spitalfields Co. Ltd, London, England
, Ph.D., Head of the Department, State Auditor Service, Ukraine
Reforming state financial control after Ukraine gained independence was characterized by significant chang-es, but they had a spontaneous and non-systemic character. Due to uncoordinated transformation, the financial control system still spends disproportionately large resources on its content, retains many features of the post-Soviet period, especially in organizational and functional structures, the methods of work of control bodies, and therefore morally obsolete and practically does not provide necessary progress in stabilizing the financial and budgetary discipline in the state. As practice has shown, work organization of state financial control bodies requires significant resource costs (both labor and financial). The lack of coordination and systematization in activities of state financial control authorities does not allow optimizing the disposal and use of state financial resources, it stimulates the deepening of financial crisis in domestic economy.
Keywords: financial control, transparency, public authorities, financial crisis, national security.
JEL Classification: F52, G01.
Cite as: Logan, W., Esmanov, O. (2017). Public financial services transparency. Business Ethics and Leadership, 1(2), 62-67. Doi: 10.21272/bel.1(2).62-67.2017
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