PROBLEMS EFFECTIVE FUNCTIONING OF THE FINANCIAL MECHANISM IN THE CONTEXT OF THE OBJECTIVES OF SOCIAL DEVELOPMENT
Journal Title: Вісник Одеського національного університету. Економіка. - Year 2016, Vol 21, Issue 2
Abstract
The article investigates the financial mechanism as an objective phenomenon economic system. It’s noted the special role of the financial mechanism to address a number of socio-economic problems and achieving priority goals. It is noted that one of the key problems of effective functioning of the financial mechanism is inefficient management and use of budget funds is negative development of the financial system, which hinders the fullness implementation of financial policies, the dynamics of social and economic transformations inside the country and does not allow the economy to reach new rails economic growth. The article stresses the need to strengthen the role of the state in regulating social and economic processes taking place in the economic life of the country. Indeed, the efficiency of the financial mechanism is an important factor in obtaining the best results of economic activity and improve quality of life and ensuring the evolution of social development.
Authors and Affiliations
Yu. D. Radionov
Keywords
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- EP ID EP216818
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