Kondukotsova N. Financial policy for the development of the real sector of the economy

The economic essence of the financial policy for the development of the real economy as an integral part of the system of state financial regulation of public relations is revealed. It was determined as an integrative combination of tools and tasks of fiscal, monetary, social, investment and innovative policy relating to effective mobilization, distribution and use of national financial resources in order to implement the tactical and strategic tasks of the national economy through adaptive mechanisms of market transformations. It allows to provide the effective prerequisites for economic growth. Approaches to the implementation of financial regulation for the real economy’s development in the advanced and transformational economies are generalized and systematized. The provisions regarding the determination of the fiscal policy characteristics in terms of the use of public-private partnership instruments and fiscal consolidation mechanisms are developed. This well enable to achieve long-term balance of the financial system. The structural-functional model for description of influence of the financial policy on the real economy is enhanced. Methodological approaches to medium-term fiscal-forecasting are advanced. The basic principles for the institutional structure of financial policy corresponding that will improve efficiency of financial management amid volatile economy are determined.