An assessing the role of public financial policy in the field of culture

Abstract

Purpose of the research. The main purpose of the article is to improve the methodological support for assessing the role of public financial policy in the field of culture. Methodology. The following methods, which used in the study: logical generalization, synthesis, induction and deduction, dialectical and system-structural methods, comparative analysis, graphical method, etc. Results. It is proved that due to the awareness of the role of culture in society, aspects of state activity to ensure the development of the economy in the field of culture are important. Public financial policy is one of the measures to increase the level of cultural competence of citizens. It is proposed to consider culture as a resource, bearing in mind that it becomes not only a costly area, but also the engine of the economy. Given that the sphere of culture around the world is built on a combination of budgetary and extrabudgetary funding, there are different activities, a significant amount of movable and immovable property, some of which is withdrawn from civil circulation or has restrictions on civil turnover (monuments, libraries, archival funds, museum collections, etc.). The sources of financing of cultural institutions in Ukraine and the distribution of expenditures of the Consolidated Budget of Ukraine for culture and art are analyzed. It is determined that the issues of preservation of cultural heritage should become a factor that will really affect the financial performance of cultural transformations in the country. Practical meaning. It is substantiated that the policy in terms of public funding of culture and art should be based on certain effective areas that reflect the real cultural needs of society. Prospects for further research of the author are to study the impact of budget policy on the state of Ukraine’s cultural heritage.