THE THEORETICAL AND ORGANIZATIONAL BASIS OF BUDGETARY POLICY
Journal Title: Проблеми системного підходу в економіці - Year 2018, Vol 2, Issue 64
Abstract
The article deals with the theoretical and organizational foundations of budget policy from the point of view of the target, functional, systemic, and scientific approaches. According to the target approach, budget policy is considered in the context of its subordination to the system of higher hierarchical level of management. The latter manifests itself through the identification of the purpose of the budget policy, a clear understanding of logic and scientific substantiation of its practical achievement. The main objective of fiscal policy is to create preconditions for the socio-economic development of the state. At the same time, a particular attention should be paid to two circumstances: first, socio-economic development depends not only on budget policy (the monetary policy of the country is equally important), and secondly, the development process is characterized by cyclical fluctuations, the amplitude of which has a significant impact on the stability of the provision of socio-economic standards of life of people in the state. Therefore, according to the target criterion, budget policy is classified as strategic and tactical. The purpose of the strategic budget policy is to ensure the social and economic development of the states. The main objective of the tactical fiscal policy is to reduce the amplitude of cyclical fluctuations in the economy. At the same time, it is important to understand that both goals in practice should be realized simultaneously within a single integrated budget policy. The state of the effectiveness of budget policy from the standpoint of the target approach should be assessed by two criteria: the dynamics of socio-economic development and the dynamics of the size of the amplitude of cyclical fluctuations in the economy. The functional structure of budget policy, which consists of fiscal and regulatory (redistributive, stimulating, restraining, stabilizing) functions, is substantiated. The classification of the budget policy has been improved on the basis of “types of provision” (according to which the personnel, financial, information, and legal support is allocated), “the sequence of implementation” (in accordance with which the processes of formation and implementation of budget policy are singled out) and “structure of the mechanism of implementation” (on its based methods, forms, levers, tools, incentives, and sanctions of the mechanism of implementation of budget policy are determined). Structural elements of budget policy have been identified from a scientific point of view, which include: conceptual rationale, strategy, formalization and standardization in the legislative field, technology of practical implementation and a mechanism for evaluating the effectiveness.
Authors and Affiliations
Y. I. Myskin
THE ANALYSIS OF MAIN DANGERS, THREATS AND RISKS TO THE ECONOMIC SECURITY OF ENTREPRENEURSHIP AT THE PRESENT STAGE OF THE STATE’S DEVELOPMENT
The scientific work focuses on the idea that economic security of entrepreneurship (ESE) is the key notion for the steady Ukrainian national economy and state’s development in modern terms of their functioning. In its tu...
THE MODERN STATE OF THE STATE FINANCIAL CONTROL AND THE WAYS OF IMPROVING THE EFFICIENCY OF ITS DEVELOPMENT
The current state and efficiency of the existing state control bodies, which mainly depend on the quality and perfection of the regulatory and legislative framework, require additional research. Therefore, this article i...
ACCOUNTING OF FIXED ASSETS OF ORGANIZATIONS OF A NON-BUDGET NONPROFIT SECTOR OF THE ECONOMY: A BIBLIOGRAPHIC ANALYSIS
The article conducts a critical analysis of domestic and foreign scholars’ research devoted to the issue of accounting of fixed assets of non-budget nonprofit establishments and, based on results of this analysis, distin...
THE METHOD OF CALCULATING THE OPTIMAL RELIABILITY OF FACTORS ASSESSING THE COMPETITIVENESS OF THE ENTERPRISE
The purpose is the theoretical substantiation of the complex approach in assessing the competitiveness of the enterprise and the development of recommendations for its improvement through the implementation of such funct...
THE LEGAL AND REGULATORY FRAMEWORK OF EVALUATION OF THE PROPERTY OF AN ENTERPRISE
The article is devoted to the main laws and regulations’ analysis regulating the process of enterprise’s assets valuation in Ukraine. The meaning of the “enterprise’s assets valuation” concept has been expanded. The case...