Comparative analysis of methods of evaluating the effectiveness of budget expenditures
The improvement of the budget spending efficiency is one of area receiving much attention from the Government of the Russian Federation. Despite the widespread use of performance evaluation results, budget efficiency is often identified with the effectiveness of fiscal budget performance, frugality, rationality. From the author’s viewpoint, the evaluation of the budget spending efficiency should be carried out within the comparability of results and costs, which is a precondition for the consistent calculation. The article considers two approaches to reduce results and costs in budget sector to comparable values. The first approach consists in reducing budget expenditures to a money equivalent. The second approach means reducing both the result of budget expenditures and budget costs to a single abstract equivalent — an index.