Budget monitoring
A Budget monitoring in Ukraine is a continuous process of collecting data about disbursements under the program and its performance measures that are reached in the course of its implementation Monitoring goal is operative management of budget program in the process of its implementation. Result-oriented budget process uses monitoring as a tool to keep track of program implementation process, and disclosure of deviations between planned and current performance measures. Therefore, monitoring focuses on current and potential problems in program implementation and stimulates development of activities to correct the situation if needed.
Program monitoring ensures resolving of the following issues:
Target and effective use of budget resources;
Collection and generalization of information on budget program financing;
Facilitation of collection of quantitative and qualitative measures, achievement of goals and objectives according to budget programs;
Disclosure of deviations in the process of budget implementation;
Coordination of cooperation between the program participants aimed at increased effectiveness of program implementation;
Timely provision of information on program implementation to local governments and executive agencies.
Monitoring in the system of budget process management may be shown as follows.
References
Retrieved from : http://en.wikipedia.org/wiki/Budget_monitoring
