International Experience of the Tools for Effective Spending of Federal Budget Funds Usage
In circumstances of continued instability of national and global economic systems, it is important to ensure effective spending of budget funds. International practice has gained some experience with the use of modern tools, which can be used to improve the effectiveness of Federal spending. One of the main tools to achieve this goal in many countries is the implementation of the principles of results-oriented budgeting (ROB). Also this work is being done in the Russian Federation. The article summarizes the experience gained in implementation of mechanisms of effective budget spending within the concept of ROB in a number of countries with a market economy, primarily in the USA and the UK. gives the most common characteristics of medium-term budgeting and its common features, which allowed us to argument the measures to improve the efficiency of spending of state (municipal) budget in terms of redistribution by the state of a significant part of national income.