DIRECTIONS OF DEVELOPMENT BUDGET PLANNING SYSTEM

The research subject is theoretical and practical issues of budget planning system. The research goal is the disclosure of budget planning system areas. Research methods. The set of methods and approaches were used in scientific articles. It was allowed to implement the conceptual integrity of the study. Systemic and structural methods were used in the disclosure of budget planning system; synthesis, factorial, comparative methods were used to determine the main directions of budget planning development. The results of the research. The essence of the budget planning system disclosed. The main directions of development and efficiency of budget planning system defined. The main functions of budget planning defined and justified its influence on social and economic development. An effective approach to budget planning is programtarget method which is based on the rational management of budget funds and aimed at addressing socio-economic issues facing society at a certain stage of its development. Formation of the budget for program-based method allows to determine the budget figures based on the sequencing of socially significant problems at the state level administrative units, the relevant sectors of the economy, the social sphere. It allows to provide the development of effective measures to achieve them on time. The program-based method planning is a tool for medium-term budget planning, which ensured the formation of structure costs in the future on priorities that meet the strategic objectives of the state to implement the objectives of social and economic development. Area of the results application. Public finances management. Budget planning in the system of financial and economic relations. Conclusions. Budget planning system needs further improvement through the development of the budget process institutional framework. Budget programs modernization should be done by expanding strategic objectives. It is important to introduce the process of budget planning mechanism to develop annual reports by main budget funds administrators. The development and implementation of performance assessment by budgetary programs is significant. It is necessary to compare the results of their implementation between main budget funds administrators and lower level budget funds administrators, determine the most effective programs of budget planning parameters for the next budget period based on actual performance in the past period. The feasibility of the implementation of budget programs should be based on the final strategic goals of the plan by main budget funds administrators. A necessary condition for improving the quality of budget planning process is to establish long-term goals and objectives of the budget strategy, quantitative and qualitative criteria and their implementation on this basis to determine the volume of budgetary resources for the future. The development of forecasted budgetary performance in the long term will improve the budget process manageability.