Згідно з Наказом Міністерства освіти і науки України від 28.12.2019 № 1643
журнал внесено до Переліку наукових фахових видань України 
(категорії “Б”з економічних наук

Проводимо набір статей до публікації у науковому фаховому журналі «SCIENTIA FRUCTUOSA» з економічних наук


Автор: Sveta on .

UDC 336.143:330.34
Doctor of Economics, Professor, Head of the Finance Department of
Kyiv National University of Trade and Economics

PhD in Economics, Assistant of the Finance Department of
Kyiv National University of Trade and Economics

Background. Budget policy is an important component of state financial regulation and an effective instrument for realizing the country’s economic policy to ensure macro­economic equilibrium in the context of institutional transformations. Adaptation of the fiscal policy to trends of cyclical economic development, which involves the formation of modern financial institutions, the balancing of fiscal burden, the maintenance of indicative values of the budget deficit and public debt, while contributing to the innovative restruc­turing of the economy, is an extremely important task.
The aim of the paper is to reveal the theoretical foundations and improve the methodological provisions for the formation of the budget policy of the country’s economic development.
Materials and methods. In the paper, a set of methods and approaches has been implemented, which allowed to realize the conceptual unity of the research, in particular system and structural, comparative and factor analysis, historical and logical, methods of scientific abstraction, synthesis and functional analysis.
Results. The basic principles of fiscal policy formation in the system of stimulating economic development of the country have been determined. Approaches to the functioning of the budget mechanism in countries with a developed and transformational economy have been generalized and systematized. The structural and functional model of the impact of fiscal policy on the country’s socio-economic development, the situation regarding the functioning of the system of intergovernmental fiscal relations in determining the financial security of local budgets, methodological approaches to ensuring long-term balance of the budget system have been improved.
Based on the goals and objectives of the strategy of steady economic development associated with increasing the level of its endogenous component, it is necessary to develop the institutional foundations of fiscal policy. Budget regulation determines the volume of primary distribution of GDP, affects the structure of savings and the dynamics of debt obligations, acts as an effective means of solving the main tasks of social development and should become an instrument for realizing the internal potential of economic growth.
It is important to develop the substantiated principles for the redistribution of GDP through the budget system, the definition of priority areas for the use of budget funds and the implementation of a number of measures to achieve the strategic goals of socio-economic development of the country.
Conclusion. In the context of structural economic reforms and strengthening of integration processes, the institutional modernization of fiscal policy implies the need for a well-developed architectural structure of financial relations. Adaptive tools for the implementation of budget regulation, which are a set of measures that coordinate the activities of government bodies and determine the priorities of their functioning, occupy an important place in the model of the institutional architectonics of the budget process. The process of integration of budget models of social development determines the need for an integrated combination of budget planning and forecasting tools, budget regulation, internal financial control, and monitoring of budget execution. It is advisable to form the institutional framework for the transparency of the budget process, the criteria for fiscal transparency, which will ensure an adequate level of public financial control and audit oа the efficiency of budget expenditures.
Keywords: fiscal policy, budgetary regulation, budget revenues, budget expenditures, budget deficit, state debt, intergovernmental relations, economic development of the country.