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Journal: University Economic Bulletin (Vol.1, No. 24)

Publication Date:

Authors : ;

Page : 110-114

Keywords : state financial regulation; financial policy; financial mechanism;

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The subject of research is theoretical and practical aspects of financial regulation system. The purpose of the research is to disclose the public financial management components and to determine areas of their improvement. Research methods. A set of scientific methods and approaches, including systemic, structural, comparative, factorial methods were applied in the work, that allowed to implement conceptual integrity of the investigation. Results of the work. The essence of public financial management was revealed in the article. The state financial instruments of economic processes regulation were determined. Range of application results. Is the system of financial regulation, financial policy, financial system. Conclusions. Substantial tasks of the state financial regulation is improvement public finances, increasing the efficiency of the regulatory function of fiscal and monetary mechanisms, structural changes in economy, aimed at increasing the rate of economic growth. The effectiveness of economic reforms to a large extent depends on the quality of the institutional component of financial regulation, financial system stability, efficiency influence of financial instruments on economic development. At this stage of financial relations’ development it is necessary to determine the areas of economic regulation, financial policy priorities based on the basic principles of socio-economic development in the medium and long term. It is important to create appropriate institutional conditions for the formation of an effective financial system optimization mechanism for public financial regulation of social and economic development. State financial regulation as an important economic institution should take the lead in defining the goals, objectives, structural reforms of fiscal, monetary system taking into account cyclic dynamics of economic development. Considering mentioned financial mechanisms should promote adaptability to changes in exogenous factors of influence on economic processes, enhance the role of endogenous component in the economic growth in the medium term.

Last modified: 2016-07-23 21:50:35