Open budget in the management system of public finance

Abstract

In this article practical aspects of the realization of one of the fundamental principles of management of public finance – the principle of transparency meaning the openness of activity of the authorities of different levels for implementation of public control by the means of ensuring an access to information on the budget and the budgetary process, and also the quality of provided to the public information are considered. Current state of “The Open Budget” project at the level of territorial subjects of the Russian Federation is analyzed, methodological problems of formation of the budgetary data in the form, available to understanding to the public, are investigated and the possible ways of their solutions are proposed.