Performance audit methodology of governmental budget planning in foreign countries

Abstract

The issue of effective regulation of public finances is obtained of importance at the present stage of the Republic of Kazakhstan development. The current period of development of budget law and the budget system is due to the implementation of budget reform, the introduction of program-targeted methods of budget forecasting, and result-oriented medium-term financial planning into the budget process. At the same time, legislative agencies and the scientific community pay great attention to the legal regulation of budgetary relations, as well as to the establishment of principles and mechanisms for the functioning of the budgetary system and the use of budgetary funds. The ongoing changes in the economy make it necessary to clearly follow such principles of the budget system as efficiency and responsibility. Moreover, the need to realistically assess the situation, improve the quality of decisions made helps to strengthen responsibility, internal discipline in managing the processes of implementing decisions made and monitoring the work of the public sector. Thus, the study of the budget system, the budget process, the theoretical and legislative foundations, and the actual practice of the functioning of the budget mechanism, including the planning procedure, is one of the most pressing issues.