Abstract:
The system of external state audit reveals the potential for structural changes in
terms of making effective management decisions that ensure the rational consumption of investment
and other resources, taking into account the organizational and economic level of development.
Based on the experience of foreign countries, it should be noted that in developed countries audit is
the leading form of independent control. The purpose of this article is to determine the role of external
public audit in ensuring the financial stability of the budgets of developing countries. To assess the
financial stability of budgets, traditional methodological approaches, i.e. the analysis of absolute
indicators and analysis of relative coefficients are used. In the study, financial stability was examined
in the context of the possibility of evaluating the state audit of the budgets of developing countries for
all expenses of the republican budget without raising the level of public debt. As a result of
consideration of the budgets of developing countries, the problems were identified and the directions
for their solution were proposed. In addition, tools which allow not only assess the financial stability
of the budget, but also determine recommendations for managerial impacts aimed at strengthening
the state budget are proposed. Thus, conducting a state audit in order to increase financial stability
will lead to an increase in the efficiency of public administration and to a greater alignment of
mechanisms for implementing state programs and projects with strategic planning mechanisms.
