Budget Safety as the Level of Budgetary Potential of the State
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Дата
2019
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Видавець
International Letters of Social and Humanistic Sciences
Анотація
Budget safety, as a component of financial security, depends on the results of the
implementation of an effective state financial and economic policy as the basis for the achievement
of national interests. Effective using of the budget, namely, effective management of the state's cash
flows, should ensure the regulation of economic and social processes in the interests of society, and
create stable conditions for economic development of the country. Budget policy is an integral part
of the state's financial policy and as one of the driving forces of Ukraine's development implies further
stabilization of public finances, ensuring economic growth and raising standards of living for the
maintenance of balanced development of the state. In today's conditions of development, the state
faces the task of ensuring the balance and stability of the state budget against adverse external
influences, establishing effective management of the country's cash flows, establishing an effective
budget and monetary policy, as well as long-term fiscal sustainability and stability. In recent years,
to overcome this task, control over the activities of financial institutions has intensified, as a result,
they guided by the principles of responsible management of public finances, aimed at introducing the
principles of medium-term financial planning, the availability of a system of forecasting budget
parameters, ensuring the feasibility of economic forecasts, and creating and maintaining necessary
financial reserves.
Опис
Viktoriia Varenyk, Budget Safety as the Level of Budgetary Potential of the State // International Letters of Social and Humanistic Sciences, Vol. 86, pp. 10-19. https://web.archive.org/web/20190429022311/https://www.scipress.com/ILSHS.86.10.pdf
Ключові слова
budget safety, indicators, deficit, surplus, GDP, integrated indicator