FORMATION OF BUDGET EXPENDITURE AS A COMPONENT OF SOCIAL DEVELOPMENT
Journal: University Economic Bulletin (Vol.0, No. 40)Publication Date: 2019-03-01
Authors : Valentyna Makohon; Irina Adamenko;
Page : 140-147
Keywords : public finances; budget; budget system; budget policy; budget expenditures; program-target method;
Abstract
Relevance of research topic. The development and implementation of effective policy in the field of financial and budgetary relations is a powerful tool for influencing the country's socio-economic development. Accordingly, ensuring effective influence on the pace and quality of economic growth requires the improvement of the system of budget expenditures as a component of social development taking into account the strengthening of globalization processes. Formulation of the problem. With the acceleration of the pace of financial and economic globalization, its increasing influence on the system of public finances and its components, the issues of increasing the efficiency and effectiveness of fiscal policy regarding the expenditure part of the budget are urgent, which requires further scientific research of the theoretical and applied aspects of the formation of budget expenditures as a component of social development. Conclusions according to the article. The development of public finances depends on the direction of transformation of the formation of the expenditure part of the budget in line with changes in the socio-economic environment. The budget strategy for planning the expenditure part of the budget, its structure contributes to a balanced distribution of national income is substantiated. At the same time, the relevant strategy should be based on qualitative assessment and monitoring of the development trends of the domestic economy and aimed at ensuring the innovative activity of production. In the context of transformational transformations, the task of optimizing budget expenditures and ensuring a sufficient level of their flexibility based on economic cyclicality and macroeconomic situation in the country are important. The article defines the strategic priorities of budget policy regarding the formation of budget expenditures as a component of social development.
Other Latest Articles
- ORGANIZATIONAL AND ECONOMIC LEVERS TO ACTIVATE THE COOPERATION OF THE CHINESE PEOPLE'S REPUBLIC AND UKRAINE IN THE SPHERE OF TOURISM, RESORTS AND HOTEL MANAGEMENT
- Prettiness as a Shield: The Romantic Perpetuation of Patriarchy through the Representation of Pretty Boy in Popular Korean Dramas in Malaysia
- EXPERIMENTAL TESTS OF NAIL AND SCREW CONNECTORS FORTIMBER CONCRETE COMPOSITE DECK
- MODELLING OF CRYSTAL GROWTH IN PEAT SOIL STABILIZED WITH MIXING OF LIME CACO3 AND FLY ASH
- NUMERICAL INVESTIGATION ON THE PUNCHING BEHAVIOR OF RC FLAT SLABS STRENGTHENING BY TRM AND FRP
Last modified: 2019-05-17 05:03:15