PROCESS APPROACH TO IMPROVING REVENUES AND EXPENDITURES MANAGEMENT SYSTEM OF THE MINISTRY OF EDUCATION AND SCIENCE OF RUSSIA

According to the results of the Russian Finance Ministry assessment of the quality of financial management of the managers of the federal budget, including process and outcome indicators of financial activity as part of the state programs « Education Development », « Science and Technology Development», the Ministry of Education and Science of the Russian Federation in 2017 occupied the 26th place. The relatively low financial and managerial statements of the Ministry of Education and Science of the Russian Federation activity concerning government program funding are caused by deficiencies in methods and tools for managing budget expenditures, and it is proved by Russian Audit Chamber's findings concerning the ineffectiveness of financial expenditures in the «5-100» project. In this way the relevance of the research theme is due to need for theoretical development of the conceptual construct, modifying the model of organizational and financial clearing for subsidizing government programs, adapting the algorithm for applying social bonds to the education and science sectors of the Russian Federation, justifying new methodological approaches and practical recommendations for developing the system for financing government programs in the domain of education and science