Інституційний підхід до формування та реалізації бюджетної політики
Institutional approach in developing and implementing budget policy

Summary/Abstract: The subject of research is theoretical and practical approach to the issue of institutional development and implementation of fiscal policy. The study is disclosing the features of the institutional approach and defining problems creating an effective institutional framework development and implementation of fiscal policy. Research methods. The paper used a set of scientific methods and approaches, including systemic, structural, comparative, factorial methods that allowed to realize conceptual integrity of the study. The results of the work. In the article the stages of development and trends institutionalism: social, psychological, social, legal and institutional statistical. The features of theories neoinstitutionalism to ensure the development of the institutional environment of formation of budget policy. The essence fiscal institutions and defined the task of creating an effective institutional framework development and implementation of fiscal policy. Range of application results. The system of financial regulation, fiscal policy, budgetary system. Conclusions. The institutional environment formation and implementation of fiscal policy is a set of interrelated and interacting formal and informal institutions, institutional rules, agreements and standards, mechanisms of financial control over their observance affecting the macroeconomic stability and the results of the country. In the development of the institutional environment of budgetary relations the state plays a significant role in determining the strategic objectives and using modern financial and budgetary instruments to implement them. Institutional organization process of forming fiscal policy affects the sustainability of public finances and overall results of socio-economic development. Financial and budgetary institutions determine the development of the institutional budget system, which provides for the establishment of long-term stable relationships between the institutions that formed evolutionarily. Transformation of fiscal institutions is an important step in the development of public finances, bringing the system moves to a new, more qualitative level of development, confirming the need to improve the institutional framework of fiscal policy that takes into account the cyclical and dynamic socio-economic processes.

• Details
• Contents