THEORETICAL AND TOPICAL ASPECTS OF STATE BUDGETARY MECHANISM FUNCTIONING

Theoretical approaches to interpretation of the ?budgetary mechanism? notion have been studied, problematic aspects have been outlined and proposals concerning clarification of its components have been generated. It has been suggested, in particular, to treat budgetary mechanism as the established by the state means that are applied for practical realization of objectives and measures, envisaged by the budgetary poli- cy, while the ?budget lever? should be understood as a corresponding tool by which stimulation and limita- tion of influence on the process of formation and budget resources use is accomplished. A conceptual model of the budgetary mechanism has been constructed along with distinguishing of institutional and functional aspects within it, as well as the place of social and economic development of regions in this model has been shown.