Հարկաբյուջետային քաղաքականության ներառականության գնահատման մեթոդաբանական մոտեցումները / Methodological approaches to assessing the inclusiveness of fiscal policy

Abstract

The idea of inclusiveness of economic development has become one of the main guidelines for developers and implementers of economic policies in many countries of the world. Issues related to inclusiveness make their comprehensive study relevant and topical. Recently, much attention to the problems of ensuring the inclusiveness of economic policy is associated with globalisation and technological change. The latter have the potential to significantly improve the quality of life of households and contribute to poverty reduction in some developing countries. On the other hand, the economic and financial crises and the resulting economic and social distortions make changes in research and management approaches inevitable. Thus, quantifying the inclusiveness of fiscal policy is a necessity as it provides valuable information on the efficient allocation of a state's financial resources. On the other hand, assessing the inclusiveness of fiscal policy can serve as a benchmark in the process of fiscal policy formulation. Individual authors in their studies approach the problems from different positions, use different groups of factors under consideration, use different research methods. The purpose of the study is to interpret and summarise the methodological approaches to assessing the inclusiveness of fiscal policy discussed in professional platforms and in the literature. By comparing the advantages and disadvantages of the evaluation methods, acceptable approaches to assessing fiscal policy inclusiveness for the Republic of Armenia were identified.