FINANCIAL SUPERVISION IN THE SPHERE OF PUBLIC FINANCE

VALENTINA ALEKSANDROVA

 

Abstract

Control in the sphere of public finance is outer (supervision) or inner (audit) depending on whether it is done for the purposes of the legislative or the executive power. The system of state organs entitled to do the two types of financial control includes the organs of the executive power and those under the direction of the People’s Assembly. The Audit Council and the Agency for State Control are of major importance. The organs of the executive power carry out state audit on the grounds of their being part of the controlled system. This type of control has been studied in detail and a great number of research works are dedicated to it. Of particular interest for our study is the functioning of the organs of financial control which are not part of the system of the executive power since they are comparatively new organs with a new legal regulations of its status, competences and organization of their functions. This research attempts at giving a brief normative characteristic of the functioning of the Audit Council, the Committee for Financial Supervision and of the Bulgarian People’s Bank as main organs of the outside financial control.

 

Key words

public finance, financial control, Audit Council, Agency for State Control

 

References

Финансовое право, изд. Проспект, М. 2004
Финансовое право, изд. Юристъ, М. 2005

 

Full Text: PDF (Bulgarian)