Tabakova T. State budget expenditures as a tool for development of priority sectors of economy of Ukraine

The paper describes theoretical approaches to the interpretation of the concepts of "economic development", "economic growth", formulated in the dissertation author's understanding of the categories of "budget expenditures", "macro-financial stability", "priority sectors of economy". Author developed their own criteria according to which the industry can be considered as a priority for public funding. The role and importance of budget expenditures in state regulation of the economy has been investigated on different stages of historical development. The author has shown a relationship between the increase of public spending and the achievement of economic development. The author reviewed the current state budget financing of priority economic sectors of Ukraine and proposed an alternative structure of expenditures to ensure the development of priority economic sectors. The mechanism for forecasting expenditures on the development of priority sectors was improved. The author offered an introduction of the development budget at the national level for the changing priorities of fiscal policy from current needs to investments on agriculture and innovative direction industries. Reviewed quality of use of program financing method of the priority sectors and proposed to assess compliance of each budget program on three main criteria: the sector of the program (the degree of priority for economic development) program budget effect ( the impact of the program on the economy development), the efficiency and fairness of the results of implementation of the program (monitoring and evaluation of programs and determining the appropriateness of investing in its budget) on which to make decisions about the feasibility of financing. Proposed to optimize the structure of expenditures for economic activity to achieve the development of priority sectors of the economy in three possible scenarios: optimistic, pessimistic and an acceptable scenario.