Бюджетна політика в механізмі управління державними фінансами
Fiscal policy in the mechanism of public financial management

Summary/Abstract: The subject of research are theoretical and practical issues of development and implementation of fiscal policy. The study aims to reveal the role and priorities of fiscal policy on economic growth. Methods. The paper applied a set of scientific methods and approaches, including systemic, structural, comparative, factorial methods, allowing to implement conceptual integrity of the study. The results. The article reveals the essence of fiscal policy as a tool of financial regulation. The problems and priorities of fiscal policy in the short and medium term. Range of application results. The system of financial regulation, fiscal policy, budgetary system. Conclusions. Development budget system is largely associated with changes in the institutional environment of society, budget management components are improved with the development of socio-economic sphere, economic strategy and describing the adaptive capacity of the budget mechanism. Given that the budget system is an important tool for financial regulation of the economy, its balance, optimality is one of the basic conditions for economic growth. Fiscal policy is a dynamic process which requires continuous development and adaptation to internal and external economic factors. The main objective of fiscal policy is to regulate the financial economy to redistribute resources and smoothing fluctuations in the economic process that allows to achieve the set goals of social and economic development. At this stage of the budget system it is important to implement effective change through the use of reasonable methods and tools of fiscal policy in order to strengthen and optimize revenue expenditure side, the provision of public services for obtaining high-quality social and meaningful outcome. It is reasonable to improved monitoring and evaluation of public debt by means of qualitative and quantitative indicators, improving the efficiency of budget planning and forecasting.

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