The Budget Policy as a Component of the State Regulation of Economy

The article is aimed at defining tendencies in budget policy as an instrument for the economic growth of country and substantiating the importance of a coherent budgeting system in the current conditions of European integration. The volumes of budget expenses for economic activities with their share...

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Main Author: Hrebenyk Kseniia V.
Format: Article
Language:English
Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2017-09-01
Series:Bìznes Inform
Subjects:
Online Access:http://www.business-inform.net/export_pdf/business-inform-2017-9_0-pages-193_198.pdf
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author Hrebenyk Kseniia V.
author_facet Hrebenyk Kseniia V.
author_sort Hrebenyk Kseniia V.
collection DOAJ
description The article is aimed at defining tendencies in budget policy as an instrument for the economic growth of country and substantiating the importance of a coherent budgeting system in the current conditions of European integration. The volumes of budget expenses for economic activities with their share of the gross domestic product and the total expenditure of the consolidated budget for 2010-2016 were analyzed. Both the characteristics of formation of the consolidated budget expences and their impact on economic activities have been defined. The reserves for improved efficiency of budget policy have been substantiated. The article takes a further step in developing the ideas of the need for financial provision for national production, support for leading industry sectors and financing of scientific innovation research, which altogether should be directed towards stimulating the economic development of country and improving the welfare of citizens. Conclusions were reached on the need for structural changes in the sphere of the State regulation of the country’s economic growth.
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spelling doaj.art-b03c8800b9f042978af2007c797e294b2022-12-22T03:09:42ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2017-09-019476193198The Budget Policy as a Component of the State Regulation of EconomyHrebenyk Kseniia V.0Postgraduate Student, Department of Finance, Kyiv National University of Trade and EconomicsThe article is aimed at defining tendencies in budget policy as an instrument for the economic growth of country and substantiating the importance of a coherent budgeting system in the current conditions of European integration. The volumes of budget expenses for economic activities with their share of the gross domestic product and the total expenditure of the consolidated budget for 2010-2016 were analyzed. Both the characteristics of formation of the consolidated budget expences and their impact on economic activities have been defined. The reserves for improved efficiency of budget policy have been substantiated. The article takes a further step in developing the ideas of the need for financial provision for national production, support for leading industry sectors and financing of scientific innovation research, which altogether should be directed towards stimulating the economic development of country and improving the welfare of citizens. Conclusions were reached on the need for structural changes in the sphere of the State regulation of the country’s economic growth.http://www.business-inform.net/export_pdf/business-inform-2017-9_0-pages-193_198.pdfbudgetbudget policybudget expenditurebudget revenuesbudget regulationeconomic development
spellingShingle Hrebenyk Kseniia V.
The Budget Policy as a Component of the State Regulation of Economy
Bìznes Inform
budget
budget policy
budget expenditure
budget revenues
budget regulation
economic development
title The Budget Policy as a Component of the State Regulation of Economy
title_full The Budget Policy as a Component of the State Regulation of Economy
title_fullStr The Budget Policy as a Component of the State Regulation of Economy
title_full_unstemmed The Budget Policy as a Component of the State Regulation of Economy
title_short The Budget Policy as a Component of the State Regulation of Economy
title_sort budget policy as a component of the state regulation of economy
topic budget
budget policy
budget expenditure
budget revenues
budget regulation
economic development
url http://www.business-inform.net/export_pdf/business-inform-2017-9_0-pages-193_198.pdf
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