Institute for Financial and Economic Monitoring
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Development of budget audit methodology at the regional and local levels of budget system, and evaluation methodology of compliance of the Russian Federation subject and municipality policy with standard recommendations for public finance restructuring

Title Development of budget audit methodology at the regional and local levels of budget system, and evaluation methodology of compliance of the Russian Federation subject and municipality policy with standard recommendations for public finance restructuring
Client Ministry of Finance of the Russian Federation
Participants

International Bank for Reconstruction and Development (IBRD)

Subjects of the Russian Federation:

  • the Republic of Bashkortostan
  • the Chuvash Republic
  • the Vologda Region
Brief description The purpose of this project was to provide consultancy services in developing budget auditing programs for the Russian Federation subjects and municipalities, standard recommendations facilitating public regional finance restructuring, template agreements for public finance restructuring of the Russian Federation subjects and municipalities, and the methodology of assessment of the Russian Federation subject and municipality policy compliance with the standard recommendations for the public regional finance restructuring.
Results
  1. Identification of key indicators of appraisal of public finance management efficiency that should be used within the framework of performance audit at the subnational level.
  2. Development of standard recommendations and standard agreements for public finance restructuring of the Russian Federation subjects and municipalities.
  3. Development of the methodology of assessment of the Russian Federation subject and municipality policy compliance with the standard recommendations for public regional finance restructuring.

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