Abstract: the article investigates approaches to the assessment of budget risks by public sector organizations in the Russian Federation. The purpose of the study was to identify the reasons for the low efficiency and effectiveness of the current system for assessing budget risks, as well as the causes of errors in the budget sector. The author highlights the main tasks in the sphere of ensuring financial security of public sector organizations, as well as analyzes literary sources. The analysis of recognized methods for assessing financial risks will help to update the internal control system of organizations taking into account their real needs and ensure more effective operation. From a theoretical point of view, the provisions put forward by economists and scientists on the topic under consideration are considered. Of particular interest is the study of issues of legal regulation of the internal control system of organizations in Russia, based on modern approaches to assessing budget risks. The paper presents the main drawbacks of the current methodology for assessing budget risks and suggestions for its improvement. In order to ensure the proper order in the budget sphere, as well as the implementation of legal acts, it is necessary to draw the attention of regulatory authorities and the scientific community to the issues of creating conditions for the practical implementation of provisions regarding budget risks.
Keywords: budget risks, revenues, expenditures, state criteria, evaluation criteria, probability of occurrence, regulatory legal acts