The Mechanism of Budget Management as an Element of Risk Control in Regulatory Authorities

The activities of economic entities the public sector in conditions uncertainty are associated with many risks, which manifest themselves negative consequences, i.e., lower effectiveness executing assigned powers. Many subjective and objective factors influencing managerial decisions require knowledge methods for assessing managing risks order to reduce their consequences achieve strategic goals entities. There is a promising theory risk management that does not have proper theoretical methodological support, limits its application. Currently, most studies concerned feasibility applying adapting control mechanisms sector. However, control, or management, considered by modern economists. form budget mechanism Federal Treasury (regulatory body) as an element control. study considers optimality efficiency distribution budgetary funds process exercising powers regulatory authorities conducting comprehensive analysis causes affect deviations from standard values. results this contribute body about proposed approach can be used similar