Budget expenditure as a component of the public development Cover Image

Видатки бюджету як складова суспільного розвитку
Budget expenditure as a component of the public development

Author(s): Lidia Gavrilova
Subject(s): National Economy, Social development, Economic development, Public Finances
Published by: Університет Григорія Сковороди в Переяславі
Keywords: budget system; the formation of budget expenditures; program-target method of planning budget expenditures; budget expenditures perspective forecasting; public development;

Summary/Abstract: The subject of research is the theoretical and practical issues of planning expenditures in terms of economic transformation.The article purpose is the disclosure of formation of expenditures as a component of the public development. Research methods. In this paper is used a set of scientific methods and approaches, including systemic,structural, comparative, factorial methods that allowed to realize conceptual integrity of the study.Results of work. The economic essence expenditures as part of social development, based on the use of aggregate instruments of budget funds include the identification of areas of economic development, the main objectives of economic growth, forecast indicators of public spending, strengthening balance the budget system,improve the efficiency of public spending, effectiveness of budget programs, validity and transparency of budget. The approaches to determining the priorities of fiscal policy in spending, taking into account the cyclical development of the economy, the stability of the budget system that will promote the achievement indicators of socio-economic development. Received the further development of methodological principles of planning expenditures based on their impact on the socio-economic development, the position of features on the institutional framework of a system of formation of public spending in the economic transformation that will enhance transparency and efficiency budgeting process as an effective tool of economic relations. Overview and systematized experience of forming expenditures in foreign countries.Scope of results. Budget expenditures. Formation of expenditures in the financial system and economic regulation. Conclusions. Fiscal policy in the sphere of public spending is sufficiently important instrument of influence on socio-economic development, especially in transition Economic Reforms under the limited resources of the state.The advantages of fiscal policy rule of law due to its very nature - the availability of accountability mechanisms that are implemented through modern forms of social control and a strong civil society, which equally defended the interests of both the state and citizens. The economic essence of fiscal policy in spending as a tool for regulating economic development is to use budget architectonics, which determined the optimum ratio of the structure of expenditures to influence the dynamics of economic growth. Formation of expenditures is a dynamic process,requiring constant development and adaptation to internal and external economic factors. Budget expenditures positive impact on economic growth, while important, not only their size, but the optimal structure that defines their areas of use. The functional structure of expenditures can largely influence the effectiveness of the budget as a regulatory tool. In this respect, the budget expenditures subject to the validity of their structures in accordance with the state and the macroeconomic situation play an active role in achieving the socio-economic development. Statebudget expenditures are used as an important tool for implementation of monetary policy, provided economic growth, appropriate social security of the population, improve the structure of social production. Formation of expenditures deserves proper attention based on the need of improving the management of financial resources of the state in terms of their limitations and achieve the planned economic and social indicators. Long-term forecasting and planning expenditure affects the validity of indicators of socio-economic development. It is appropriate budgetary planning programs and public services that meet the priorities of the state, is the most effective and efficient, able to ensure economic stability in the long term.

  • Issue Year: 1/2016
  • Issue No: 31
  • Page Range: 300-309
  • Page Count: 10
  • Language: Ukrainian