Kovalenko K. Public audit in the context of public budgeting of Ukraine.

The main approaches to the definition of basic terms in the field of external public financial control and public budgeting are studied. The own definitions of these terms are provided. According to the current world trends in public finance, Ukrainian budget system needs and imperfections, useful practices from foreign countries are selected. The theoretical aspects of public audit effectiveness evaluation are explored. The new methodology of public audit efficiency evaluation is elaborated. The efficiency of public audit system of Ukraine according to the proposed approach is evaluated. The importance of public budgeting in the public finance and its impact on the effectiveness of budget system and opportunity to achieve the objectives of fiscal policy is justified. The dynamics of the main indicators characterizing the state budgeting, are investigated. The main problems and reasons of Ukrainian public budgeting inefficiency in the current conditions and the impact of public audit are outlined. According to the international experience and features of the national financial system, the ways of improving the public audit system of Ukraine are proposed. The main instruments of public audit to increase public budgeting efficiency of Ukraine are elaborated.