Yuriy Zaitsev, Researcher of the Informational – Analytical G8 Research Centre of the State University – Higher School of Economics International Organisations Research Institute, PhD Student of the Chair of Theory and Practice of Public Administration of the Department of Public Administration the State University – Higher School of Economics; yuriy.zaitsev@gmail.com

The article analyses effectiveness of budgeting system in European Union on the basis of OECD guidelines on designing and developing budget systems that use performance information. On the basis of analysis author identifies main strengths and weaknesses of budgeting systems in the integrated units by the example of the European Union. In conclusion author makes recommendations for increasing efficiency of budgeting in regional units with a participation of Russian Federation