The economic essence of fiscal policy as an integral part of the macroeconomic regulation system, which consists in the use of an adaptive budgetary mechanism, taking into account the dynamic balance of financial, economic, social relations, the main provisions of budget architecture, the cyclical nature of economic development, the state of finance, in conjunction with strategic priorities of socio-economic development of the country, aimed at ensuring the adequacy of the regulatory framework moves to internal and external changes in the economic environment, application of transparent and balanced system of management of state and municipal finances, public debt for the purpose of long-term development of the national economy, which will enable to raise the quality level of efficiency of the budget process, efficiency of using budget funds, regulation of intergovernmental fiscal relations, and the effectiveness of economic transformations.
Further development of the provision on the institutional framework for the development of the budget expenditures planning system has been developed, which will increase the level of responsibility of the participants in the budget process, the effectiveness of budget programs, public financial control and audit; approaches to the basic principles of fiscal policy development in the medium-term perspective, which will make it possible to increase the efficiency of institutional reforms of the economy, create the preconditions for economic growth. Summarized and systematized the experience of the formation and implementation of fiscal policy in developed and transformational economies, which will enable, taking into account this experience, to enhance the efficiency of the public finance management system.
Improved approaches to the development of financial support for the social protection system of the population, which involves the use of a set of financial institutions, raising the level of stability and balance of the financial system to ensure social responsibility, guarantee, equity social and economic relations; the provision for the formation and implementation of financial support for the development of human potential, which is to use a fiscal stimulus policy in the system of state regulation, effective mechanisms for attracting funds to this process, which will enhance the competitiveness of the economy; approaches to promising budget forecasting using the dynamics of macroeconomic, fiscal and budgetary indicators on the basis of public financial support of human potential, strategy of social development.
