BUDGETARY PROGRAM AS A FRAMEWORK FOR PROGRAM AND TARGET PLANNING

Abstract

The paper seeks to explore the selected aspects in evaluating the effectiveness and the efficiency of budgetary programs design and implementation. It has been concluded that as of today, Ukraine lacks sound methodology for assessing the effectiveness and the efficiency of budgetary programs design and implementation as well as the approaches to such an assessment, which eventually entails a threat to the program and target method evolution and development. Budgetary programs are designed to solve top-priority current and strategic objectives at the level of territorial entities, contribute to attaining the quality settings and criteria for ensuring budgetary services envisaged within particular budgetary programs. The study findings revealed positive outcomes from the use of indicators for assessing social and economic efficiency. Creating a framework for evaluating economic and social budgetary programs performance facilitates better optimization of financial resources utilization, enhances the programs quality and professional expertise of their participants and reduces the inefficient distribution of budgetary funds, both at the national and local levels. The international best practices in the area of budgetary programs effectiveness assessment techniques are also presented, in particular an overview on the methods for evaluating the budgetary programs effectiveness in the USA, Canada and the EU countries is provided. The study found that insufficient attention is given to indicative indices for evaluating the effectiveness of budgetary programs. From this perspective, the paper has identified the relevant indicative indices to assess the budgetary programs effectiveness which should be incorporated into the framework for building a well-reasoned system for evaluating the effectiveness of budgetary programs development and implementation within administrative territorial domains. It is argued tha these indicators will enhance the capacity to balance the total expenditure and thus gain positive social and economic effects from the implementation of a particular budgetary program at the local level.