МІЖНАРОДНИЙ ДОСВІД БЮДЖЕТНОГО ПЛАНУВАННЯ

Abstract

The article states that in the conditions of unstable world economy and financial system, issues of budget planning are relevant for all countries. It is determined that the budget planning of foreign countries generally has many common features, but there are differences that are due to the principles of public administration or government of a country and differ from ancient times. The role of budget planning is outlined and its characteristics on economic essence are given. The peculiarities of budget planning and its impact on the growth of socio-economic development of the country are revealed. The foreign experience of medium-term budget planning on the example of economically developed countries is analyzed. The advantages and disadvantages of medium-term budget planning are outlined; basic approaches to forecasting budget planning indicators. The conditions for the effectiveness of medium-term budget planning have been identified, namely: the realism of fiscal policy objectives, and to reduce or avoid the corresponding risks, it is necessary to ensure the realism of fiscal policy objectives. Medium-term goals that are considered indicative and the impact of political or legislative commitments on their compliance are identified. It is determined that medium-term budget planning should have a direct impact on fiscal policy, and the essence of medium-term budget planning forecasts should be obvious and transparent. The recommendations of the European Commission on the formation of fiscal rules to improve their effectiveness are considered and the key elements to be implemented in the medium-term planning system are outlined. It is concluded that taking into account all the reforms taking place in Ukraine, based on world experience, the state needs radical changes in budget planning. Such processes should take place on the basis of developed programs for the medium term, which will ensure consistency in budget decisions; there will be a relationship between the strategic objectives of public policy with the proposed target budget programs to determine the amount of financial resources and their intended use. After analyzing the experience of developed countries, it should be taken into account when planning that the rationality and share of expenditures on economic activities almost always was the lion's share of the budget of other countries. By reviewing the priority of expenditures and ensuring proper budget planning, Ukraine will have a decent competitiveness on the world stage.