ANALYSIS OF THE FINANCIAL POLICY EFFICIENCY OF UKRAINE

Abstract

One of the most important attributes of a modern state is public finances. The process of managing public finances is multilevel, has a complex structure and various forms of implementation. In this context, the financial policy of the state is an element that normalizes the process of managing public finances, determines its result orientation. The economic and social dynamics of the country, the development of the entrepreneurial initiative and, ultimately, the well-being of the population depend on the effectiveness of the use of financial policy instruments. The problem of determining the effectiveness of the implementation of the financial policy of Ukraine in the light of current challenges requires additional research. Financial policy is a key element of state socio-economic development policy. It can be defined as a set of purposeful measures in the field of public finances implemented by the competent public authorities in order to ensure the stable economic and social development of society. According to the scientific approach, the viability of financial policy depends on the effective activity of the state at each stage, the correctness of the decisions taken. Its formation begins with a clear definition of goals and setting of reasonable tasks. On this basis, the choice of the type of financial policy is made - rigid or moderate regulation or a policy of minimum restrictions; discretionary or built-in stabilizers. On this basis, the directions of implementation are chosen (it is decided which tasks are provided by the means of monetary and which are the fiscal policies) and the instruments of implementation and ways of ensuring the coordination of their actions.