Trajectory of development of budgetary planning in the conditions of decentralization
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 11, Issue
Abstract
The main guidelines for the development of budget planning in the context of decentralization reform are considered. The place and role of budget planning components in the context of strengthening the coordination of strategic goals of state and regional development, effective formation and implementation of budgetary policy at all levels are substantiated. The importance of a quality budget planning organization is emphasized. The proper functioning of the budget system, the effectiveness of the implementation of state and regional programs of socio-economic development, as well as the stability of the financial system of the country to a large extent depend on the amount of budget resources mobilized in centralized funds, their rational structure, efficient allocation and use. It serves as the main task of budget planning, the solution of which requires the transformation of approaches to its organization in conditions of budget decentralization. New approaches require the use of progressive techniques, observance of scientifically sound principles, effective tools, increased transparency in the budget process and the responsibility of its participants for the successful implementation of fiscal policies at the state and local levels. In the conditions of budget decentralization strategic planning becomes acute, which ensures the implementation of perspective directions of development of separate territories with the expansion of powers of local authorities and simultaneous increase of their responsibility for the functioning of the respective regions. Strengthening the budget decentralization of the relationship between strategic and current budget planning, the adopted development strategies and the real possibilities of budgets, results in an increase in the effectiveness of using budget resources. The use of medium-term budget planning allows solving the problem of financing all planned programs and measures, assessing the degree of implementation of the budget policy, its compliance with macroeconomic projections. The article outlines the stages of implementation in the domestic practice of the program-target method of budgeting, focused on its advantages in terms of budget decentralization. Priority tasks of budget planning for ensuring the stable functioning of the budget system are determined.
Authors and Affiliations
Svitlana Vasylivna Savchuk, Roksolana Mykhailivna Kornatska
Keywords
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