STRATEGIC DEVELOPMENT GOALS IN TERMS OF PROGRAM-TARGET METHOD OF BUDGET FUNDS MANAGEMENT
Journal Title: Науковий погляд: економіка та управління - Year 2018, Vol 2, Issue 60
Abstract
In terms of limited budget funds, the purpose of which is the economic and social development, the issues of improving the budget process, the effectiveness of formation and use of financial flows by strengthening levers and proper use of budgetary policy tools become especially important. Thus, one of the important tools of the budgetary policy is strategic planning, focused on the effective management of budget funds, prevention of non-effective and inefficient use of funds through the application of the program-target method. Strategic planning of regional development in the medium term as a result of the work of various regional development actors in the region is the basis for regional and local development programs. Planning is based on system analysis, is carried out by using normative, balance, mathematical modelling in economics, as well as program-target method, and is an instrument for the implementation of these methods. The article considers the aspects of the application of the program and the target method in the budget system of the Dnipropetrovsk region. The main task of fulfilling the revenue and expenditure part of the budget of the Dnipropetrovsk region is necessarily the implementation of an effective and well-balanced fiscal policy aimed at addressing the main issues of socio-economic development of the region. It is noted that the main characteristic of fiscal policy is the preservation of the social orientation of the budget, maintaining the positive dynamics of growth in real incomes, including the growth of real wages and pensions, in conjunction with the improvement of socio-economic development of the region. The article considers the proposals on improving the application of the program and the target method of budget execution as a means of increasing the efficiency of the state budget policy. It is determined that the prospects for improving the program-target method are to increase transparency of budget reporting and performance evaluation in order to eliminate cases of subjective and non-transparent evaluation of a specific program, which results in negative consequences as extremely low efficiency of financial flows management, as well as the absence of a link between the volume of expenditures and the actual effect of the position of certain indicators.
Authors and Affiliations
K. M. Romenska
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