ДЕРЖАВНІ ФІНАНСИ В ДЕМОКРАТИЧНОМУ СУСПІЛЬСТВІ

Abstract

Democratization of public relations requires the creation of appropriate conditions for the functioning of public finances, which is the key to economic growth and the foundation of its development, as well as further improving the material well-being of the population. They are one of the key and most important areas of the financial system of the state, through which and through which the system of distribution of gross domestic product between business structures and territories, and various segments of the population. The article considers public finance as one of the main components of the financial system of each country. Their role in providing the state with its inherent functions in relation to social, economic and political development has been studied. Scientific approaches to the interpretation of the essence of the concept of “public finance” are described, on the basis of which the own position of their definition is substantiated. The key conditions for the functioning of public finances in a democratic society are highlighted. Under today's conditions, there is a process of rethinking the essence of public finance in a democratic society. The development of theoretical views on the role of public finance in a democratic society is associated with a change in public influence on the economy. On the basis of the outlined problems of public finances in a democratic society, the priority directions of their improvement in the conditions of economic transformations are determined. It was emphasized that the optimization in the field of public finance will stimulate the development of entrepreneurial activity, promote the growth of living standards of citizens, will improve the quality of public services and achieve social harmony in society. Today the issue of modernization of public finances is relevant, because the high level of tax burden, low level of social justice of the tax system, inefficient and irrational distribution of budget funds, low level of social security of vulnerable groups and social standards are a consequence of improper functioning of public finances in the context of redistributive processes in the country. In modern conditions, the ability of the state to perform its functions and promote the socio-economic growth of society depends on their effective functioning.