Myskin Y. Budget policy for ensuring socio-economic development of Ukraine.

Budget policy is studied through targeted and functional approaches, which allowed to reveal its content through the activities of the state on: substantiation of the concept, identification of goals and definition of tasks outlining methods for solving them in the formation and use of the budget fund; and practical implementation of measures to ensure the achievement of the goal of managing budgetary relations through the budget process. Theoretical and organizational foundations of budget policy are considered in the context of targeted and functional approaches. It is determined that the strategic target of budget policy is the socio-economic development of the state, the impact on which is realized through the fiscal and regulatory functions. From the standpoint of a systematic approach identified the place and role of budget policy in the system of higher hierarchical level of management, as well as formalized the internal structure of budget policy from different angles (improved classification of budget policy by introducing new features: "sequence of implementation", "stages of formation and implementation of budget policy based on the powers of the state" and "elements of the algorithm of formation and implementation of budget policy". From the standpoint of the study of socialization as a methodological basis for fiscal policy of socio-economic development of the country, defined: the essence of the concept of "socialization of fiscal policy", as the ability of fiscal policy with available financial and managerial resources, as well as inter-budgetary relations through targets in the process of its formation and implementation to ensure the interests of society; and the principles of socialization of budget policy. A model of its subordination of budget policy to ensuring the socio-economic development of the state has been developed. A key element of the model is the fiscal and regulatory potential of fiscal policy, which combines the functionality of fiscal policy and the target orientation of the processes of its formation and implementation. It is proved that the fiscal and regulatory potential of budget policy should be understood as a system of financial relations that arise in the formation of the resource base of budget policy, defining its targets and direct implementation of budget policy aimed at achieving goals. A methodology for assessing the fiscal and regulatory potential of budget policy has been developed, based on a step-by-step approach based on: rapid analysis, comprehensive analysis and identification of reserves and institutional capabilities to ensure fiscal policy of socio-economic development. The system of indicators for assessing the impact of fiscal and regulatory potential of budget policy on ensuring the socio-economic development of Ukraine on the basis of rapid analysis and their threshold values is substantiated. The main general trends in the formation and implementation of budget policy in Ukraine have been identified. Comprehensive analysis of the state of formation, implementation and effectiveness of budget policy of Ukraine for the period 2007-2018, which was conducted using economic and mathematical modeling and SWOT analysis, identified reserves and key institutional opportunities for fiscal policy of socio-economic development of Ukraine. The practical necessity is proved: the foundation of the management process on the potential of a sufficiently general theory of management; formalization and visualization of the full function of budget policy management in Ukraine as successive stages of its formation and implementation; use of documentary forms of analytical information processing at each stage of formation and implementation of budget policy on the basis of a balanced scorecard; application of the developed reporting form "Results of budget policy management"; use of dynamic programming in the process of budget policy management.