Financial Policy in the System of Socio-Economic Development of Society
Journal Title: Бізнес Інформ - Year 2016, Vol 3, Issue
Abstract
The article is concerned with disclosing the essence and identifying areas for improving the efficiency of financial policy in the system of socio-economic development of society. Economic essence of financial policy and the fundamental factors, determining its development, have been disclosed. With a view to the efficient implementation of financial policy, the article stipulates the importance of consistency of the proposed financial measures with the level of development of financial relations in the society, peculiarities of stages of economic development, external financial environment, and state of the market. Scientific approaches to the formulation and implementation of financial policy in the light of experience of the developed countries have been disclosed. It is substantiated that the financial component of socio-economic development of society requires institutional changes, an enhancement of its efficiency is possible through introduction of an effective mechanism for the management of public finances, including the public debt, defining strategic goals for development of the State, taking into account possibilities of the budget, both the medium- and long-term, provision of transparency, predictability and consistency of fiscal and monetary-credit policy.
Authors and Affiliations
Iryna Adamenko
Keywords
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