ResearchBib Share Your Research, Maximize Your Social Impacts
Sign for Notice Everyday Sign up >> Login

FINANCIAL POLICY OF ECONOMIC GROWTH

Journal: University Economic Bulletin. Collection of scientific articles of scientists and post-graduate students (Vol.1, No. 31)

Publication Date:

Authors : ;

Page : 325-332

Keywords : finance; fiscal policy; public financial regulation; budget system; taxation; financial institutions; economic growth;

Source : Downloadexternal Find it from : Google Scholarexternal

Abstract

The subject of research is theoretical and practical issues of the financial policy formation of economic growth. The research goal is disclosure for financial policy of economic growth. Research methods. In this paper, a set of scientific methods and approaches used, including systemic, structural, comparative, factorial methods that allowed to realize conceptual integrity of the research. The results of the research. The economic essence of the financial policy of economic growth disclosed. Its essence is to use a set of economic relations in the formation of an effective distribution and redistribution of the gross domestic product and national income between its individual links, which are defined properly structured system of financial institutions and their relationships to create the appropriate conditions for sustainable economic growth. Fiscal policy is an important tool for economic development. Identifying priority areas of financial policy in the medium and long term will increase the impact of structural changes in the economy and the social sphere, development of human capital. A balanced approach to the development and implementation of financial policies require consideration the impact of exogenous and endogenous factors on the economic system. In addition, the state should proceed from the need to ensure financial stability in the development of the main directions of economic policy. It is reasonable to realization prudent financial regulation taking into consideration trends in economic growth, the reduction of the public debt weight to gross domestic product and debt burden on the budget. An important task of the financial system is to ensure optimal redistribution of the gross domestic product, financial and economic resources to stimulate the domestic economy. Dynamic economic system development of the country depends on the quality of the financial policy institutional mechanisms. It is important to improve the efficiency of financial and economic policy, taking into account the cyclical economy at the present stage transformations. Development and implementation of financial policies should be based on evidence-based provisions that will strengthen the financial system balance and effectiveness of the financial regulation of society. Area of the research application. Formation of financial policy. Financial support for economic growth.

Last modified: 2017-08-29 06:32:55