Khodakovskyi V. Financial and budgetary policy of economic development

The dissertation is a comprehensive study of the theoretical foundations and improvement of methodological provisions for the formation of financial and budgetary policy, increasing budget effectiveness as a tool of economic development. Financial and budgetary policy as a component of economic development is aimed at creating an effective system of managing the state's financial resources. A balanced approach to budget planning is an important prerequisite for effective social and economic policy. The formation of the budget deserves appropriate attention based on the need to increase the effectiveness of state finance management in the conditions of socio-economic transformations. It is important to reveal the essence of the formation and implementation of the financial and budgetary policy as a tool of economic development, the integration of budgetary components of the management of financial and economic relations, the validity of the budgetary mechanism, the streamlining of the public procurement system in the conditions of an insufficient level of budget revenue generation and a significant level of the budget deficit, determining the directions of the development of the system formation of the budget taking into account the priorities of the socio-economic development of the country. In these financial and economic conditions, it is important to determine the priority directions of the financial and budgetary policy, assess its impact on the economic development of the country, and implement effective financial and budgetary components of social development. It is important to improve approaches to the formation of financial and budgetary policy as a tool of economic development, effective use of financial and budgetary mechanisms as a component of the state's economic policy. The scientific novelty of the obtained results lies in the disclosure of the essence of the formation and implementation of financial and budgetary policy as a tool of economic development, which consists in the integration of budgetary components of the management of financial and economic relations based on the priorities of the socio-economic development of the country, taking into account the need for rational use of budgetary expenditures, budgetary adaptation to the dynamics of social relations, ensuring quality provision of public services when attracting the minimum amount of budget funds and achieving the maximum result when using these funds, which will provide an opportunity to increase the effectiveness of the budget process, the stability of the budget system, the validity of the budget mechanism, the streamlining of the public procurement system in conditions of an insufficient level of budget revenue generation and a significant level of budget deficit. Approaches to the formation of financial and budgetary policy as a tool of economic development have been improved; regulations regarding the specifics of the formation and implementation of financial and budgetary policy priorities in the system of economic development; approaches to the effective use of financial and budgetary mechanisms as a component of the state's economic policy. Provisions regarding financial and budgetary relations have been further developed, which will contribute to the effectiveness of ensuring economic development; generalization and systematization of the experience of formation and mplementation of financial and budgetary policy in countries with developed and transformational economies, which will provide an opportunity to increase the effectiveness of public finance management; approaches to the development of the main directions of financial and budgetary policy in the system of socio-economic relations, which will contribute to the effective influence of state finances on the economic space.