CONCEPTUAL FRAMEWORK FOR RISK MANAGEMENT OF THE BUDGET PROCESS IN UKRAINE

The paper discusses the conceptual framework of risk management of the budget process in Ukraine as a component of the public finance management process. The relevance of the topic is due to the need to continue reforming the system of state internal financial control and integrating risk management as its component into all stages of the budget process. The study highlights the stages of the budget process risk management process: detection, identification, assessment, selection of response methods, monitoring of new and revision of already identified threats, documentation and reporting. Particular attention is paid to the principles of risk management and the main control methods used in public authorities. The conclusions of the paper emphasize the importance of continuing research on this topic, including the possibility of creating a register of possible losses from the impact of identified and assessed risks of the budget process.