TOOLS OF BUDGET AND TAX REGULATION OF THE ECONOMY

Abstract

Introduction. Today, budget and tax instruments play an important role in implementing the policy of state regulation of economic development. The implementation of effective economic policy involves the use of fiscal instruments that contribute to long-term financial and economic goals. Given this, the choice of fiscal instruments, the time of their implementation and their combination - these are important issues, so to address them it is necessary to conduct a balanced assessment of the financial and economic condition of the economy. Methods. In the process of writing the article used general scientific techniques and methods of economic research. The theoretical and methodological basis of intelligence is the analysis of scientific works of domestic and foreign scientists on the study of tools of budget and tax regulation of the economy, Internet resources. The article uses general and special research methods, in particular: general and special – to ensure the achievement of this goal; dialectical, abstract and logical – to substantiate theoretical positions and conclusions. Results. The article analyzes the theoretical aspects of the concept of «fiscal regulation». The decisive role of budgetary and tax instruments in the development of the state economy is stated. It is determined that in the vast majority of cases, fiscal instruments are considered by scholars as a general system of budgetary and fiscal instruments. It is proved that effective budget and tax regulation helps to ensure the way out of crisis processes of the state. The results of the study allow us to state the existence of a significant number of fiscal instruments. Discussion. Further research will focus on the study of budget and tax tools as the main element of the system of regulation of economic development of the state. Keywords: budget and tax regulation, budget instrument, tax instrument, economic development.