Makogon I. The financial mechanism for managing the public sector

The institutional model of the financial mechanism for managing the public sector was developed. It is based on the relevant institutions integration of the state property financial management, the set of interrelated methods, tools and instruments to ensure financial and institutional architectonics of the public sector. Methodological approaches to assess the effectiveness of the financial mechanism for managing the public sector were offered. They are based on the formation of the indicators, which founded on its functional, financial and economic components that will improve the effectiveness of the government fiscal policy impact on economic processes. It was improved: the provision on financial management entities in the public sector; the definition of financial instruments, principles and methods of the financial control; approaches for using the mechanisms of state-private partnership; institutional framework of the financial mechanism for managing the public sector. The experience of developed countries and countries with economies in transition on the financial regulation of the public sector were summarized and systematized which will allow increasing the quality of the state corporate rights in the country. It was developed: the main principles for disclosure the economic substance of the financial mechanism for managing the public sector; the approaches to improve the effectiveness of the financial mechanism for managing the public sector; the provision to identify priority areas of innovation and investment development of the public sector.