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FINANCIAL RESOURCES OF THE PUBLIC SECTOR ECONOMY IN THE FINANCIAL-CREDIT MECHANISM OF THE STATE DEVELOPMENT REGULATION

Journal: University Economic Bulletin. Collection of scientific articles of scientists and post-graduate students (Vol.1, No. 27)

Publication Date:

Authors : ;

Page : 183-189

Keywords : financial resources of the public sector economy; budget; budget expenses; budgetary financing; financial potential of development; financial-credit mechanism of the state development regulation;

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Abstract

The research subject is the issue of using the financial resources of the public sector economy as a part of the state development regulation. The article purpose is to define the role and features using financial resources of the public sector economy in the financial-credit mechanism of the state development regulation. The research methods. The paper used the set of specific and general scientific methods and approaches, such as dialectic, synthesis and methods of scientific abstraction, comparative and factor analysis, historical and logical approach. Results. The role and significance of the public sector financial resources in the state economic system were offered. Their effect on the increasing financial potential of the state development was generalized. Task of the financial resources reallocation through the financial-credit mechanism of the state development regulation were formulated. Features of the budget financing for society development and the advantages of the complex project financing were defined. Attention was focused on expediency of application the debt mechanism for development financing in terms of the transformation economy, enhance of using market and non-market components and comprehensive approaches to project financing. Sphere of application results. Conclusions and suggestions are useful for improving financial policy and financial-credit mechanism of the state development regulation. Conclusions. Financial resources are the condition, the source and the result of social reproduction. They reflect the processes of distribution and redistribution of GDP. Efficiency and effectiveness of their use are determined on the formation and growth of financial potential of enterprises, private and public sectors and financial potential whole country. Considering the structural relationship formation, distribution and use of financial resources, it is important to take account of the efficiency of resource use through the prism of innovation potential, degree of using financial resources, the sources of forming financial resources, risks and threats. Financial support from the public agencies allows provide comprehensive financing of the state development projects, progressive and innovative development. It will stimulate the development of the different spheres and industries economy. The combined project financing allows to solve local, regional and inter-regional development issues. This can provide optimal use of budgetary funds and government debt instruments. The using up of the public-private partnerships mechanism and household savings allow provide a positive result on the financial market and growth the investment potential of the country as a whole. An integrated approach to efficiency and effectiveness of financial resources of the public sector can provide growth of the financial potential and improvement the financial-credit mechanism of the state development regulation.

Last modified: 2016-07-21 22:26:26