THEORETICAL AND METHODOLOGICAL APPROACHES TO DETERMINE THE STATE FISCAL POLICY
Journal Title: Проблеми системного підходу в економіці - Year 2017, Vol 1, Issue 57
Abstract
The paper presents the development of views on the role of fiscal policy in the treatment of major economic trends and the impact of taxes on the development of macroeconomic indicators of the national economy. We consider the position of foreign scholars on the degree of state intervention and non-interference in the economy and, consequently, its impact on economic growth, inflation and employment, balance of payments. An important place in economic policy in modern conditions is given to fiscal policy because it has effective tools and performs important for the state and public functions. The question of the role of fiscal policy as an instrument of economic regulation is particularly relevant today, when there is a real need to find sources of the crisis, the fight against inflation to ensure adequate living standards and incentives for domestic production, because all this can be achieved if its effective application. It is therefore important to determine the theoretical and methodological approaches to determining fiscal policy. The scientists studied the problem of theoretical approaches formation to the definition of an effective fiscal policy. Also, scientists have made a significant contribution to the study of world fiscal management features, study areas of tax reform in Ukraine. The main purpose of this paper is to analyze the evolution of views on the category of "taxes" in the treatment of major economic schools, because the significance is the problem of formation and therefore the implementation of effective fiscal policy, which would allow, on the one hand - most efficiently to optimize government revenue, by appropriate source of obtaining, on the other hand - to provide reasonable use of public funds. Effective fiscal policy can be formed and implemented only based on scientifically grounded economic paradigm in the context of a combination of different concepts, since none of them makes it difficult to define a set of restrictions on the national economy, formal and informal motives modernization of fiscal policy, fiscal factors evolution. Stability of fiscal rules and regulations is conditioned by dependence on the characteristics of the underlying financial institutions. The evolution of fiscal policy is accompanied by the institutional modernization.
Authors and Affiliations
R. P. Schava
Keywords
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