FORMATION EXPENSES BUDGET FOR SOCIAL SECURITY

The subject of research are the theoretical and practical issues of budget for financing the social protection system. The aim of the study is to reveal the essence of the budget expenditure on social protection of the population. Research methods. The paper used a set of scientific methods and approaches, including systemic, structural, comparative, factorial methods that allowed to realize the unity of the conceptual study. The results of robots. The essence of the state budget in financing of social expenses. Analyzed the development of social protection of the population, as the financial system of relations. Some aspects of the budget spending on social protection of the population in the conditions of transformation of economy. It was determined that the evolution of social development and financial relations led to the identification of social protection of the population in a weighty financial component, which has become one of the most effective instruments to promote the development of human capital. The main objective of the implementation is to provide long-term macroeconomic and social stability in the country. Improving social protection system should be accompanied by structural changes in fiscal policy, institutional improvement of governance mechanisms, increasing the quality level of forecasting of social and economic development of society in the medium term. Currently, important is to deepen the theoretical and methodological bases of financial support the social welfare system as a part of the regulatory mechanism of financial policy of the country, will strengthen the relationship of the financial regulation of the dynamics of socio-economic development. Application of the results. The state budget. Budget expenditures in financing the social protection system. Conclusions. One of the prerequisites for sustainable development of the society is to create an effective system of financial provision of social protection, which should be viewed as the process of implementation of the regulatory mechanism of financial policy of the country, provides for the formation and use of financial resources for social protection of the population, taking into account trends in the socio-economic development of the country. Financial viability and balance are strong components of the social security system, which is complex and provides for citizens of the state guaranteed minimum of social services. Ensuring conditions for increasing the level of welfare of the population requires the development and implementation of prudent and consistent fiscal policy. In order to increase the level of budget performance in terms of financing social sphere need to streamline the list and the number of social benefits, the use of instruments of social assistance, optimization of social infrastructure in accordance with the characteristics and needs of local communities. Improving social protection system should be accompanied by further development of the institutional and methodological foundations of social protection expenditure planning, formation of indicators provide social services.