THE GOVERNMENT POLICY OF SOCIAL PROTECTION

Relevance of the research topic. Ensuring purposeful influence on social development requires the formation and implementation of effective state policy in social protection, taking into account the adaptive changes of institutional support in the financial and budgetary sphere. Reasonable choice of instruments of state policy in social protection will help stabilize socio-economic processes and improve the welfare of citizens. Formulation of the problem. Essential tasks in current conditions are: increasing social efficiency and ensuring social justice; improving the tools of state regulation of social processes; optimal choice of tools to strengthen financial security in social protection; optimization of the structure of budget expenditures on social protection and social security. Analysis the latter research and publications. Problems of formation and implementation of government policy of social protection are pretty common in research. These are the works of famous foreign and domestic scientists: J. Keynes, F. Lassalle, P. Samuelson, A. Smith, V. Tanzi, L. Barannik, S. Kachula, L. Kozarezenko, E. Libanova, L. Lysyak, I. Lukyanenko, A. Mazaraki, V. Makogon, O. Nasibova, M. Pasichny, D. Polozenko, I. Chugunov and others. Selection of unexplored parts of the general problem. The above issues are relevant in connection with the deteriorating trend of socio-economic development, which requires the solution of some specific tasks related to improving the soundness of state policy in social protection. Problem setting, research goals. The objectives of the study are: to reveal the role of public policy in the field of social protection at this stage of development of public relations; to substantiate the peculiarities of the formation and implementation of state policy in the field of social protection; to analyze and evaluate the state budget expenditures on social protection and social security. The study aims to reveal the strategic directions of state policy in the field of social protection in the context of institutional change. Methods. The article uses a set of research methods: a systematic approach, statistical analysis, structuring, synthesis, etc. Results. The role of government policy of social protection at the current stage is revealed. The peculiarities of the formation and implementation of social protection are substantiated. Furthermore, we analyzed and assessed central budget expenditures on social protection and social security. Finally, the strategic directions of the state policy in the field of social protection of the population in the conditions of institutional transformations are determined. Practical implications. The study results can be used in the process of forming and implementing budget policy. Conclusions. Developing an effective government policy in social protection implies the need to adapt its tools to socio-economic processes. In the development of social relations, strengthening the role of social protection in stabilizing social processes is an important task to improve the financial mechanism of social security based on in-depth analysis and evaluation of budget expenditures on social protection and social security.