THE ASSESSMENT OF OPERATIONAL EFFICIENCY WHEN CARRYING OUT CONTROL PROCEDURES

The assessment of operational efficiency in the public finance sphere becomes an integral part of the current management approach taking into account the wide use of financial management tools in the public administration sector and the large-scale introduction of digital technologies. The control procedures influence operational efficiency affecting both directly (at the tracking stage, through the preliminary and current control procedures) and indirectly (at the identification stage, through the follow-up procedures). At the same time, there are practically no studies of the category of operational efficiency in the sphere of public administration. The paper considers the theoretical and practical approaches to the concept of operational efficiency of the budgetary funds’ usage; concretizes the concept of operational efficiency of control procedures. The author proposes the criteria and algorithm for assessing control procedures’ operational efficiency. The study relates the reserves of improvement of control procedures operational efficiency to the automation of processes and operations, systematic monitoring, and the rate of response to the identified problems and risks. The risk-oriented approach allows classifying the operations according to the digitalizing possibility reducing the eye-control options, on the one hand, and raising the requirements to the level of competence of specialists, on the other hand. This approach will make it possible to optimize control procedures, shifting them to the preliminary (preventing) and current control. The main task is to specify within the operation activity business processes and corresponding protocols of audits at various control stages. The results of control should build the base of the middle- and long-term program of operational efficiency improvement.