BUDGET EXPENDITURE FORMATION IN THE SOCIAL AND ECONOMIC DEVELOPMENT

The subject of research is the theoretical and practical issues of planning expenditures in terms of economic transformation. The article purpose is the disclosure of formation of expenditures as an instrument of influence on socioeconomic development. Research methods. In this paper is used a set of scientific methods and approaches, including systemic, structural, comparative, factorial methods that allowed to realize conceptual integrity of the study. Conclusions. Budgetary expenditures are an important instrument of macroeconomic policy, with their help, the government has the ability to influence the allocation of financial resources, employment, price level, the structure of social production and social transformation. Improving the efficiency of public spending requires compliance with a number of macroeconomic conditions, including balanced budget of planning budget expenditures considering policy priorities of socio-economic development, the expansion of the powers of financial managers, recipients of budget funds while strengthening accountability of managers for the institutions achievement of budget programs. The set of performance indicators achieved, corresponding to the main goals and objectives of budget allocations made taking into account the volume of budget expenditures, efficiency of institutional transformation of the social environment of the economic substance of the efficiency of public spending as part of the system of state regulation of social and economic development.