The Ministry of Education of Azerbaijan Republic Financial control in the Republic of Azerbaijan and the directions of its improvement

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Introduction 5

Introduction

The achievements in social and economic development in Azerbaijan, the great economic and financial potential created in the country, and the development of a new economic development strategy of scientific and technical development have become an objective necessity.

In the background of the increasing demand for the improvement of financial control and further strengthening of the legislative level, state authorities face certain methodological difficulties in the implementation of financial control. In some cases, participants in the budget process face certain contradictions in the process of managing the state's financial management and financial control while making appropriate decisions on them.

Existing problems could not be attributed to the definition of certain definitions and limited knowledge of the heads of the entities involved in the formulation and use of budget funds within the scope of public financial control capacities. At the same time, it is necessary to consider the relative deficiency of the basic elements of financial control, the lack of obvious forms and methods in its organization, and the incomplete use of organizational and financial capacities. Scientific research work and research aimed at ensuring the stability of the budget system, implementation of the budgetary policy aimed at increasing the efficiency of the use of budget funds, as well as the objective and efficient organization of the budget process and the more transparency of the state budget control are of particular relevance.

The modern budget policy is aimed at solving the decision to increase the efficiency of budget expenditures. The main focus on budget expenditure requires savings and maximum efficiency, proper selection of priorities, and accountability of current economic processes. According to many experts, the modern state financial control system provides feedback in the financial management system and contributes to complying with legislation, increasing the efficiency of financial resources of the economy and achieving maximum socio-economic benefits.

The arguments for the study of the complex picture of state financial control can be summarized as follows: insufficient methodological assurance in the implementation of control measures, including some limited optimization of controlling standardization, difficulties in the development of approaches to quality assurance assessment, etc. Scientifically-developed approaches to the solution of existing problems in state financial control prove that there is a great need for scientific analysis and research in terms of requirements.

In modern conditions, certain limitations and deficiencies are observed in the studies on complex research and analysis of state financial control problems. At the same time, there is uncertainty in the use of theoretical concepts, which are expressed in various and sometimes contradictory explanations such as state financial control, its key elements, forms and methods, and the role and function of internal financial control in the state financial control system. Thus, the methodological basis of the practical application of financial control has not been fully worked out. This makes it clear that the financial control arrangements in certain normative acts have a positive impact on the correctness of its implementation, negatively influencing its practical application, and also the development of standards and methodological guidelines necessary for the participants of the budget process to carry out financial controls, including internal financial controls.

The crucial role of the budget system and the budgeting process in the mobilization and expedient use of financial resources is undeniable. In this regard, increasing the role of financial control over the formation of the state budget and the improvement of the budgeting process has been directed to the efficient and efficient use of the mobilized financial resources through the budget. Therefore, it is one of the tasks of the public importance to increase the role of financial control over the purposeful and optimal arrangement of the budget system and budgetary process, which plays a special role in the formation and use of public financial resources in modern conditions, and conducting scientific researches aimed at its improvement. From this point of view, the dissertation is dedicated to the actual topic.