CONCEPTUAL APPROACHES TO THE FORMATION OF PUBLIC EXPENDITURE

The article analyzes the concept of «public expenditures» in an evolutionary aspect. The approaches to the formation of this concept in different periods, as well as the peculiarities of the types and components of the formation of public expenditures, which are characterized by multifacetedness, are determined. Paying special attention to the economic component of this category, it is worth noting that the legal aspect and public nature of this issue are equally important. It is noted that this category is an organizational part of the financial activity of the state, especially in the field of management of state funds. The relevance of this analysis in the implementation of state economic policy somewhat shifts the emphasis from solving current issues in the country's economic system to macroeconomic policy aimed at implementing structural changes. It is the expenditure component, as one of the tools of fiscal policy, that is of great importance in the implementation of the stabilization policy of the state. Solving issues that arise in budgetary relations very often acquire a strategic nature in the economic growth and economic development of the country. Therefore, constant attention to the activities of state institutions and control of public expenditures does not lose its relevance. It is noted that in the domestic literature there is no unity in the approaches to determining public expenditures, but it is clear that public expenditures are determined by state needs, which are the result of the latter. Public expenditures are determined by the general direction of the entire state policy. In financial law, public expenditures are defined as the planned use of funds by the state for the purpose of fulfilling its tasks and functions, strictly regulated by legal norms. Undoubtedly, budget expenditures are a complex category, which led to the discovery of a variety of approaches to its understanding. The evolution of scientific views on the formation of the category of public expenditures is studied through the prism of such concepts as state finances, the state budget, the budget system, which allows to systematize and reveal one of the most important categories in the country's financial system.