Financial Analytics: Science and Experience
 

Technological innovations in the public sector of the financial system

Vol. 10, Iss. 10, OCTOBER 2017

Received: 21 July 2017

Received in revised form: 22 August 2017

Accepted: 29 August 2017

Available online: 16 October 2017

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: H57, O32

Pages: 1100–1114

https://doi.org/10.24891/fa.10.10.1100

Orlov S.N. Institute of Economics, Ural Branch of Russian Academy of Sciences, Yekaterinburg, Russian Federation orlovsn@list.ru

Smirnykh K.S. Kurgan State University, Kurgan, Russian Federation smirnykh1993@mail.ru

Subject The article considers the economic relations of State-funded organizations in the financial sector, emerging in the context of formation of the Fourth Industrial Revolution.
Objectives The article aims to develop theoretical and practical recommendations to improve the financial performance of budget organizations through the introduction of modern technologies.
Methods For the study, we used bibliography and comparative analyses.
Results We propose to establish and develop a project office for technological solutions based on the Federal Treasury Department of the Kurgan oblast.
Conclusions and Relevance In the short term, public administration accounting will be a reliable source of information not only for decision-making at different levels, but also for citizen assessment of the impact and effectiveness of public administration organizations. The recommendations will be useful for the financial sphere of the State institutions of the Kurgan oblast.

Keywords: technological innovation, project office, centralization, budgetary accounting, electronic document management

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