Financial Analytics: Science and Experience
 

Some issues of the methodology for assessing budget risks

Vol. 11, Iss. 3, SEPTEMBER 2018

Received: 21 February 2018

Received in revised form: 23 March 2018

Accepted: 30 March 2018

Available online: 29 August 2018

Subject Heading: ASSESSMENT AND APPRAISAL ACTIVITIES

JEL Classification: Н50, Н61, Н69

Pages: 313–325

https://doi.org/10.24891/fa.11.3.313

Frumina S.V. Financial University under Government of Russian Federation, Moscow, Russian Federation
frumina@mail.ru

ORCID id: not available

Subject This article addresses some issues related to budget risks and unified methodology of their estimation, particularly the approaches to the estimation of budget risks, used within the Russian legal framework.
Objectives The article intends to clarify the regulatory and legal framework of assessment and identification of budget risks.
Methods For the study, I used a cognition method.
Results The article proposes certain amendments to the official documents on assessment of budget risks. It complements and specifies the individual evaluation criteria formulated on the basis of the revealed contradictions in the assessment indicators applied by the subjects of the Russian Federation.
Conclusions and Relevance The results of the study determine further lines of improvement of budget risk management and increase of transparency of public finance. The use of the formulated proposals in practice, taking into account the elimination of the identified contradictions, can help make informed decisions in the field of management and counteraction to threats of formation and use of budget funds in the running economic situation.

Keywords: budget risk, identification, regulations, evaluation

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