Ensuring transparency of key public finance authorities
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Date
2019
Journal Title
Journal ISSN
Volume Title
Publisher
LLC «Consulting Publishing Company «Business Perspectives»
Abstract
Nowadays, there is a constant need for managing large amounts of information in
public finances to identify existing and prevent future cases of illegal use of financial
resources of citizens. The openness of information of key public finance authorities has
a powerful anti-corruption effect and has a beneficial effect on economic development,
while transparency of public finances is a factor in the successful implementation of
the reform of all spheres of the economy.
The purpose of the article is to develop a methodology for assessing the institutional
and political transparency of the leading public finance authorities in Ukraine and its
practical application on the example of the Ministry of Finance and the State Fiscal
Service of Ukraine. The methodology includes six main stages, based on which the
transparency index of public finance authorities was calculated. Constant calculations
of the index will motivate the interaction of stakeholders and non-governmental organizations
to increase the openness of public finance authorities in public finances,
and the digital data settlements themselves can be used to develop recommendations
to increase the level of transparency of the activities of key public finance authorities.
Approbation of the developed transparency index of public finance authorities on the
example of the Ministry of Finance and the State Fiscal Service of Ukraine made it
possible to calculate the percentage of openness of data published by the indicated institutions.
Based on quantitative calculations, practical recommendations were made
for improving the completeness, reliability, availability and timeliness of published
information.
Description
Keywords
transparency, public finances, open data, public procurement, Ministry of Finance of Ukraine, State Fiscal Service of Ukraine, transparency index, information openness, public administration
Citation
Ensuring transparency of key public finance authorities / Alina Bukhtiarova, Yuliia Dukhno, Ganna Kulish [et al.] // Investment Management and Financial Innovations. – 2019. – Vol. 16, Is. 2. – P. 128–139.