CONTROL AND RESPONSIBILITY IN FINANCIAL LEGAL RELATIONS WITH THE PARTICIPATION OF BUDGETARY INSTITUTIONS

Abstract

The modern system of financial control and accountability in Ukraine requires a thorough analysis due to its importance for the effective management of state resources, especially in the context of budgetary institutions. The article aims to examine the mechanisms of control and accountability that ensure legality, transparency and rational use of finances in the public sector. Financial control is presented as a set of measures aimed at ensuring compliance with the law, financial discipline and efficiency in the financial sector. A separate analysis is devoted to liability for violations of financial norms and abuses in the budgetary sector, with a special focus on the consequences for violators, including administrative fines and other sanctions. State financial control acts as a key tool that allows state authorities and specialized institutions to identify and eliminate shortcomings in the use of budget funds, thereby strengthening the financial security of the state. The main regulatory acts regulating this activity include the Constitution of Ukraine, the Budget and Tax Codes, as well as the laws “On the Basic Principles of State Financial Control in Ukraine” and “On the Accounting Chamber”. The article provides a comprehensive view of the current challenges and directions for the development of financial control and accountability in financial legal relations, emphasizing the need for further improvement of the legislative framework and institutional mechanisms to ensure the stability and reliability of the country’s financial system. The system of financial control and accountability in Ukraine plays a key role in combating financial abuse and provides the necessary transparency in the use of budget funds. However, in practice, despite the presence of carefully structured legislation, there are significant problems related to its effective implementation. Such challenges include insufficient control tools, corruption among control bodies, and limited resources for regular and comprehensive inspections. Therefore, updating control mechanisms, in particular by improving the technological base of audit and implementing modern digital tools, is critically important for increasing the efficiency of the system.