Increasing of the efficiency of public spending in developed countries: lessons for Russia

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Abstract


In this article, the object of research is the efficiency of public spending. The author substantiates the necessity of raising the efficiency of public spending at the present stage of development of the world economy, leads the dynamics of the share of public expenditure in GDP of developed and developing countries. The author also analyzes modern methods and approaches, by which to increase the efficiency of public spending, applied in the developed countries. As a result of study of foreign experience author comes to the conclusion that the most optimal way is chosen in Russia: strategic planning and application of instrument of program budgeting. Therefore now budgets of all levels are complexes of the different concrete programs realizing strategic state aims.

About the authors

A A Nalbandyan

Peoples’ Friendship University of Russia

Email: nalband89@mail.ru

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