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On the improvement of the system of public financial control in order to build an efficient state

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  • P. Petrenko

Abstract

Public financial control is considered from the standpoint of its institutionalization and establishment of a system effective in combating embezzlement, misuse of budget funds and corruption. The author proposes a number of concrete measures to overcome the legislative discrepancies in the wording of the subject, purpose and functions of public financial control, and argues the need to create a supreme audit authority as an organizational and coordination center.

Suggested Citation

  • P. Petrenko, 2016. "On the improvement of the system of public financial control in order to build an efficient state," Economy and Forecasting, Valeriy Heyets, issue 4, pages 132-143.
  • Handle: RePEc:eip:journl:y:2016:i:4:p:132-143
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    File URL: http://eip.org.ua/docs/EP_16_4_132_uk.pdf
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    1. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
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