Improving the efficiency of budget institutions

Financing is one of the central problems of managing the cultural sphere, since at present culture should be considered not only as a social-forming, but also an economic-forming industry. In this paper, the author identifies the problems of the formation of financial resources of organizations, considers the financial resources of organizations and their use. The statistical data of the allocated budget funds from the state and sponsorship in the field of culture for the last three years in the context of the cities of the Russian Federation are considered, measures are developed to increase the effectiveness of the performance indicators of cultural institutions.