State Financial Policy Research Articles

Analysis of budget expenditures of the Republic of Kazakhstan

This article provides a comprehensive analysis of the structure of the budget system and expenditures of the Republic of Kazakhstan (ROK), which are characterized by complexity and multilevel and reflect the amount of financial resources and the size of budget constraints at the levels of the budget system. The main focus is on the republican budget, which generates the country's revenues and finances national expenditures directed to such areas as defense, national security, foreign policy, as well as projects and assistance programs. The functioning of the budget system is regulated by regulatory legal acts (NPAs), including the Constitution of the Republic of Kazakhstan, the Budget Code of the Republic of Kazakhstan and other NPAs, which ensures transparent and effective management of public finances. The Ministry of Finance of the Republic of Kazakhstan plays a key role in the implementation of the state financial policy, coordinating work with other ministries and departments.The article presents the results of the analysis conducted by the author of this article of the execution of republican budgets for the period 2018-2022. It is shown that all three categories of budgets (republican, regional and local) demonstrate steady growth in spending, which can lead to increased public investment and expansion of government programs. Special attention is paid to the increased level of education and health care, which ensures the priority and higher level of efficiency of these sectors in comparison with other sectors of the economy of the Republic of Kazakhstan. Based on the analysis, a SWOT analysis was conducted, which revealed the strengths and weaknesses of the budget system of the Republic of Kazakhstan, as well as identified threats and opportunities to improve its condition.The article concludes with recommendations on ensuring the sustainability of the budget system and improving the efficiency of budget funds, including measures to increase transparency and efficiency of budget processes, optimize budget allocation, improve the effectiveness of social programs, reduce public debt, develop interdepartmental experience and use the state experience achieved in a number of sectors and territories.

INDONESIAN FINANCIAL LAW: HISTORY AND RECENT DEVELOPMENT

The economic system and political regimes in most cases affect major changes in the financial laws of the state. Indonesia, the big country that gained its independence in 1945, had a long journey of financial struggles and challenges, particularly in the political regimes that divided into the Old Regime, the New Regime, and the Reformation Era. The objectives of this paper try to examine how Indonesia's economic system affects the state's financial policies described in legislation. Other objectives are the development of financial law in Indonesia based on the period divisions with historical perspectives. With normative legal research, this study will analyze several sources of laws and regulations on financial policies throughout the historical periods of Indonesia. In conclusion, Pancasila, and Article 33 of the Indonesian Constitution 1945 become economic constitutions that form the basis of financial policies of Indonesia. Moreover, the politics of the ruling regime strongly influenced financial law policies in Indonesia. The characteristics of monetary law changed based on the transfer of legal politics during the Old Order, New Order, and Reformation era

Attitudes of Soviet Citizens towards State Loans 1946-1957 after their Cancellation (Based on Personal Source Materials)

The article explores the issue of public attitudes of Soviet citizens towards measures of state financial policy. It examines the sentiments of USSR citizens after the cessation of campaigns related to the issuance of government bonds from 1946 to 1957. The primary sources of information were letters from citizens addressed to Soviet government bodies, as well as diary entries. The study relies on methodological achievements in the “history of emotions.” It was revealed that after the abolition of compulsory subscription campaigns for domestic state loans, the key issue became the repayment of the state debt. It is shown that citizens placed high hopes on the revision of decisions by N. S. Khrushchev after his resignation in 1964. Their attempts to engage in dialogue with authoritative structures and leaders were made repeatedly before the official redemption began, but they did not contribute to a review of earlier decisions until 1974. The study demonstrates that the gradual redemption of bonds in the 1970s-1980s contributed to the establishment of a social compromise, and the practice of mass loans transformed from a measure of current financial and social policy into a subject for historical reflection, discussion, and nostalgia.

Analysis Of The Effect Of Tax Revenue On Economic Growth In Indonesia

Taxes play an important role as one of the main sources of income for the country. The main objective of state financial policy in the field of domestic revenue is to explore, encourage and develop sources of revenue from within the country so that the amount increases in line with development needs. This research uses a quantitative descriptive research type. The data used is in the form of a Time Series (time series) spanning 33 years, with a research time range of 1990-2022, with the Indonesian observation area. The research method uses the OLS (Ordinary Least Square) least squares method and the Error Correction Model. Error Correction Model (ECM). Research Results Income Tax Revenue (PPH) has a positive and significant influence on the long-term relationship with gross domestic product (GDP), and has a positive and significant influence on the short-term relationship. Value added tax (VAT) has a positive and significant influence on the long-term relationship with gross domestic product (GDP), and has a positive and significant influence on the short-term relationship. Excise revenue (PC) has a positive and significant influence on the long-term relationship with gross domestic product (GDP), and has a positive and significant influence on the short-term relationship. Import duty receipts (PBE) have a positive and significant influence on the long-term relationship with gross domestic product (GDP), and have no influence on the short-term relationship in Indonesia throughout the 1990-2022 period.

FINANCIAL SUPPORT FOR THE ECONOMY DEVELOPMENT OF UKRAINE

Preserving the fiscal and financial stability of countries, and supporting economic recovery in order to create conditions for the sustainable growth of a socially inclusive economy is a strategic task of state institutions under martial law. Despite the unpredictability that Ukraine faces in war conditions, it is important to develop a constructive financial instrument for the recovery of the country's economy now. The research is based on the hypothesis that defining the conceptual foundations of financial support for the recovery of the Ukrainian economy, raising the quality level of the financial risk management mechanism, and minimizing their consequences, will help ensure macro-financial stability. General scientific and special methods are used, namely: dialectical, complex analysis, scientific generalization, selective, scientific abstraction, economic and statistical. Provisions regarding international financial instruments for the economic recovery of Ukraine's economy have been disclosed. A study of the main problems in the financial sphere, which must be solved in the context of the recovery of Ukraine, was carried out. The peculiarities of the implementation of the state programs "Affordable loans 5-7-9%" and "Affordable financial leasing 5-7-9%" are revealed, which play an important role in supporting entrepreneurial activity and ensuring the country's economic security as a necessary prerequisite for ensuring financial stability and recovery countries. It is substantiated that the formation of holistic approaches to the financial support of the restoration of Ukraine, the determination of measures and criteria for the implementation of the state's financial policy will contribute to the solution of the systemic problems facing the state at this stage. Important tasks are: ensuring fiscal and financial stability; neutralization of the influence of negative factors on the financial system; prevention of hidden capital outflow; effective attraction and use of state loans; prevention of legalization of illegally obtained income; ensuring rational distribution and effective use of state financial resources.

Covid 19 Pandemic in the Arab Countries: Case of Morocco

Background: The research aims to highlight the effectiveness of public financial policy in Morocco, an Arab country, during the COVID-19 pandemic, focusing on the extent of its contribution to reducing the repercussions, including financial, economic and social aspects. Additionally, it seeks to determine the extent to which this policy will contribute to coping with the effects of the post-epidemic. Methods: This article was based on the analytical descriptive approach to study the budgetary policy adopted by the government during this crisis, analysing national and international references, studies and reports to develop results and recommendations related to the extent of the success of this policy in limiting the effects of the health crisis. Results and Conclusions: The study came to conclusions and recommendations which are manifested in the fact that while the State's financial policy has contributed to limiting the repercussions of the COVID-19 pandemic by mitigating its impact on the finances of large balances and businesses and the vast majority of citizens, it has not completely limited its negative effects on all economic sectors, low-income citizens and private sector workers. This underscores the State's need to take other more effective measures to emerge from the crisis with minimal damage and effectively face post-pandemic challenges at all levels.

ПОДАТКОВА ЗВІТНІСТЬ: СУТНІСТЬ ТА ПОРЯДОК СКЛАДАННЯ

The article analyzes the approaches of leading national scholars to the definition of the concept of "tax reporting". The author characterizes the necessity of tax reporting, since it characterizes the status of an enterprise's obligations related to the accrual and payment of taxes and other mandatory payments. Tax reporting is submitted to the tax authorities.
 The purpose of the article is to deepen theoretical research on the essence of the concept of "tax reporting", to disclose the methodology of its preparation with a view to improving its quality, reliability and objectivity.
 Summarizing the approaches of scholars to the essence of tax reporting, it is worth noting three approaches. According to the first one, tax reporting is considered as a set of documents containing information on the calculation of tax liabilities; according to the second one, it is considered as a set of actions of the taxpayer on preparation and submission of reports; according to the third one, it is considered as a set of consolidated interrelated indicators characterizing the activities of the enterprise for a certain period.
 Having studied the essence of the concept of "tax reporting", we propose to supplement Article 14 of the Tax Code of Ukraine with the following definition: tax reporting is reporting containing information on the tax liabilities of an enterprise by type of tax and fees.
 The Ministry of Finance of Ukraine regulates tax reporting by establishing forms of tax returns, calculations and reports by type of tax and fee.
 The tax reporting procedure can be divided into 4 stages: Stage 1 - selection of the required form of tax reporting in accordance with the type of tax/fee; Stage 2 - preparation of a tax return for the tax/fee, i.e., entering data directly; Stage 3 - verification of the document for correctness of preparation, compliance of the entered data with the accounting data, correctness of determination of the tax base, taxable object, tax rate; Stage 4 - signing of tax reports.
 Based on the study of tax reporting on national taxes and fees, it should be noted that not all forms contain information on the procedure for their preparation. For the preparation of individual forms by type of tax and fees, notes are used after the main part of the tax reporting. Therefore, we believe that the central executive body that ensures the formation and implementation of the state financial policy should develop recommendations on the preparation of tax reporting forms for those taxes and fees that do not have them, as this will contribute to better coverage of information on tax liabilities and significantly reduce the number of pages of tax reports.

MANAGEMENT OF THE STATE DEBT OF UKRAINE IN THE CONTEXT OF BALANCING ITS ECONOMIC DEVELOPMENT

Introduction. Settlement of the state debt problem determines the country’s budgetary capacity, the situation of its currency reserves, the level of interest rates, the investment climate, the stability of the national currency, and the behavior of all segments of the financial market. At the same time, in modern conditions, there is no unified approach to the management of the state debt as a priority direction of the state financial policy, which requires the search for opportunities to fulfill the state’s debt obligations in order to form the goals of its balanced economic development, to intensify scientific efforts aimed at researching the above-mentioned problem. The purpose of the article is to systematize approaches to determine the features of state debt management and assess its consequences for identifying balanced development of the country. Results. The problems of increasing the state’s debt obligations, which lead to structural imbalances, increase the country’s financial dependence on foreign creditors, reduce its solvency and investment attractiveness and increase debt service costs, are studied. The analysis of the conditions of formation of the state’s debt obligations was carried out and an assessment of their consequences in the context of balancing the country’s development was carried out. The peculiarities of the change in the structure of the state debt of Ukraine in terms of repayment currencies have been revealed. The indicators of Ukraine’s debt burden were monitored and compared with the limit values in order to determine the level of financial threat to the country. The consequences of an inefficient mechanism of state debt management, which are revealed at the stage of servicing and repayment of the state debt and which lead to the need for annual interest payments financed from the budget, are singled out. The measures to improve the government debt management mechanism to prevent negative macroeconomic trends are substantiated. Conclusions. According to the results of the study, it was established that the state debt of Ukraine creates risks for the financial capacity of the state, and the further attraction of loan funds at insignificant rates of economic growth increases the threats to macro-financial stability. Therefore, to increase the effectiveness of state debt management, it is important to form a proper management mechanism, monitoring of debt security indicators and determine the optimal structure of the debt-to-GDP ratio, taking into account the main aspects and trends of development of the national economy. To improve the mechanism of state debt management, it is proposed to: reduce the share of debt denominated in foreign currency; increasing the share of domestic borrowing in the structure of the state debt; reduce the specific weight of debt that must be repaid in the short term; increase the demand for government securities; refuse to attract financial resources of international organizations, which provide for additional crediting conditions and limitation of economic and political dependence of the state.

STRATEGIC PRIORITIES OF THE TAX AUTHORITIES ACTIVITIES IN THE CONDITIONS OF MODERN CHALLENGES AND THREATS

Introduction. The task of formation an effective anti-crisis strategy for public finance management, is an integral part of Ukraine’s international obligations in the field of fiscal policy, customs and tax administration. It is impossible without the implementation of a system of measures to improve the efficiency of procedures for mobilizing state revenues by tax and customs authorities. This tasks is very important for simultaneous ensuring parity relations between the state, tax bodies and taxpayers on the basis of transparency, openness and effectiveness of management procedures. The purpose of the article is to investigate the strategic vectors of the modernization of the Ukrainians tax authorities in the system of bodies that implement the state financial policy, outlining the existing challenges and threats, goals and conceptual provisions of transformations of the tax authorities in the past and at the current stage of operation, as well as identifying priorities of their further reformation. Results. In the result of the conducted research of the pragmatics of the implementation of the strategic tasks of tax authorities in the conditions of existing challenges and threats, tax authorities’ reform strategies were chronologically systematized with the identification of the goals, tasks and priorities of each of them in a certain period of time. The existing results and obstacles to the effective implementation of strategic and tactical measures of reforming tax authorities in the system of bodies implementing state financial policy are outlined. It was established, that despite to the influence of unprecedented external and internal factors such as: russia’s military aggression, the consequences of the loss of part of the territories, production potential, the decline of business and foreign economic activity, the irreversible consequences of the post-pandemic recovery, the activity of the Ukrainian tax authorities is characterized by an increase in the efficiency of functioning, optimization of management, personnel, digital and information and communication processes.

ФІНАНСОВА ПОЛІТИКА УКРАЇНИ В СУЧАСНИХ УМОВАХ

The article is devoted to revealing the essence of financial policy, researching the current state of the state's financial policy and analyzing trends in its development. Financial policy is a complex and multi-component phenomenon aimed at ensuring the activities of bodies at all levels of government. In today's conditions, it is important to research the actual instruments of financial policy formation and ways of its improvement, which will effectively influence the development of the financial mechanism. The search for ways to improve financial policy at the current stage of economic development requires constant analysis and study in order to adjust the financial mechanism in response to external and internal factors. Since the full-scale invasion of the aggressor country on the territory of our state, there has been a need to develop a new mechanism of financial policy, which involves the search for additional sources of filling the state budget, revision of previously adopted normative legal acts and attraction of international financial assistance. The authors of the article considered the state and prospects for the development of the state's financial policy under the influence of external and internal factors. The challenges faced by the economy and ways to overcome them are analyzed. The legislative framework that will improve the mechanism of financial policy has been studied.

ASSESSMENT OF THE GOVERNMENT FINANCIAL POLICY: SITUATION IN LATVIA

Purpose and aim of the study: the research aim is to evaluate the factors influencing state financial policy, their socio-economic impact, and assess Latvia's fiscal policies.Design/Methodology/Approach: he study uses monographic, logical constructivism, content analysis methods, and comparing opinions and concepts. The article is based on theoretical knowledge, studies of foreign and Latvian authors, as well as Latvian laws and other regulatory documents on the relevant issues. Main findings: The research highlights the main challenges in the making of state financial policies. The research identifies the most important factors that need to be considered when making state financial policies.Originality: The research takes a comprehensive approach to the analysis of state financial policies. The study uses a variety of data sources and methodological approaches.Implications: The findings of the research can be used to inform the development of more effective state financial policies. The study provides a valuable resource for policymakers, researchers, and practitioners.

The debt component as a factor in assessing the financial security of the economy: The cross-country aspect

Subject. The article addresses trends in basic financial indicators formed under global political and economic challenges of our time, with an emphasis on debt policy to substantiate the significance of their impact on the financial security of the economy of various States. Objectives. The purpose is to develop economic and mathematical justification for assessing the financial security of the State based on mathematical modeling and rating of macroeconomic indicators, from the perspective of debt approach assessment. Methods. We employ the method of weighted sums as the main approach to solve multi-criteria optimization problems and the method of attributing points. A weighting factor is calculated for each criterion, on the basis of which the individual rating of each factor is calculated. The basis for the application of the weighted sum method is a factor analysis, implemented on the basis of statistical and dynamic approaches. Results. The paper assesses the financial security of the economy of various States on the basis of predominance of the debt policy importance. The rating enables to assess the effectiveness of the State's financial policy, depending on priorities of its implementation for a certain representative period. The selected indicators characterize a multidirectional impact on the financial security of the economy, however, the optimization approach allows for objective assessment and assumes the possibility of their expansion and variation to determine financial security based on assessment of the predominant impact of certain groups of stimulator and destimulator indicators. Conclusions. The study serves as a basis to systematize a set of diverse indicators of financial flows redistribution in the economy to characterize financial security, depending on the parameters characterizing the main directions and instruments of financing priority areas of economic development.

Directions of adjustment of national financial policies in the documents of international organizations and the possibility of their use in Russian practice

In order to achieve the national development goals of the Russian Federation until 2030 and maintain sustainable economic growth rates, considerable attention is paid to the state financial policy, its transformation taking into account global challenges and shocks. In this regard, the documents of international and intergovernmental organizations on the adjustment of national financial policies in the post-pandemic period are being analyzed as part of the search for universal tools to ensure inclusive and sustainable economic growth while unconditionally ensuring the effectiveness of public spending. The analysis allows to conclude that the scientific basis of transformation is the concept of "sustainable finance" now used in the public administration sector, strategic priorities for the development of national economies in the post-pandemic period are designed to be research and innovation, green economy and digital economy, ensuring economic and social sustainability, the revision of national financial policies will occur in accordance with these priorities. This study reveals the priority directions and tools for the transformation of national financial policies that can be taken into account in Russian practice.

DIGNIFIED ECONOMIC DEVELOPMENT BY THE IMPLEMENTATION OF ELECTRONIC PAYMENT SYSTEMS IN THE POST OF COVID-19 PANDEMIC

This research studies the application of Article 1 number 1 of Government Regulation Number 23 of 2020 as amended by Government Regulation Number 43 of 2020 regarding the implementation of the National Economic Recovery program to support state financial policies for handling the Corona Virus Disease 2019 (COVID-19) pandemic and dealing with the COVID-19 pandemic. threats that endanger the national economy and/or financial system stability as well as the Rescue of the National Economy, especially in the City of Solo. This study aims to describe the mechanism for implementing payment system electronification in the City of Solo in general, both before the Covid-19 pandemic and during the Covid-19 pandemic, and to describe the efforts of the Bank Indonesia Solo Representative Office in optimizing payment system electronification to support the PEN Program in the time of the Covid-19 pandemic. This research is qualitative research using the type of field research. The approach used is the legal and conceptual approach carried out at Bank Indonesia Solo Representative Office (KPwBI Solo). Data sources are taken from primary data (from first hand), secondary data (Government Regulations), and tertiary data (journals, internet information, legal dictionaries, and other information media). Data collection techniques applied are interviews and interviews and documentation which is analyzed by normative methods. This study shows that the acceleration of digitalization of the payment system in the City of Solo by utilizing the use of QRIS (Quick Response Code Indonesian Standard) can be done easily, cheaply, and reliably. To increase the expansion of the use of QRIS, KPwBI Solo expanded its network and facilities for using QRIS through merchants and increased socialization and education to the public. So that it can encourage and accelerate the digitization of trade that can support economic and financial inclusion nationally.

State financial policy of economic development

Relevance of the research topic. State financial policy is an important mechanism of economic development. Financial support for the economic development of the state should be based on the use of a set of measures of a balanced budget and tax policy. It is important to improve the mechanisms of state financial policy under the conditions of limited budget resources. Considerable attention of state institutions should be focused on strengthening the stability and capacity of the financial system. Formulation of the problem. State financial policy should be an effective tool for ensuring the development of the economy. Analysis of recent research and publications. The question of the formation and implementation of state financial policy is quite widespread in scientific research. These are the scientific works of famous domestic and foreign scientists: A. Laffer, J. Stiglitz, I. Chugunov, T. Kaneva, L. Lysiak, A. Mazaraki, V. Makogon , M. Pasichnyi, А. Nikitishyn, O. Samoshkina and others. Highlighting unexplored parts of the general problem. The formation and implementation of the state financial policy for the development of the economy is important. It is expedient to implement systemic measures of financial and budgetary regulation taking into account the principles of subsidiarity, transparency and balance, which will contribute to increasing the efficiency of the use of budget funds. Setting the task, the goal of the research. The main tasks of the study are to reveal the essence of the formation and implementation of the state financial policy for the development of the economy, the main areas of improvement of the financial mechanism of economic development, further development of the system of financial support for the development of the economy based on the use of a set of measures of a balanced budget and tax policy. The purpose of the study is to reveal the theoretical foundations and improve the mechanisms of formation and implementation of the state financial policy of economic development. Method or methodology of research. The article uses a set of methods and approaches of scientific research: systemic, factorial, comparative, synthesis, generalization, scientific abstraction and others. Presentation of the main material (results of work). The essence of the formation and implementation of the state financial policy of economic development is disclosed; received further development of the provisions on the system of financial support for the development of the economy based on the use of a set of measures of a balanced budget and tax policy. The theoretical foundations were developed and the financial mechanism of economic development was improved, it was determined that financial policy is an important tool for the development of society, with its help the state has the opportunity to influence the formation and use of financial resources in order to meet public needs. Field of application of results. The results of the research can be used in the process of formation and implementation of the state financial policy. Conclusions according to the article. State financial policy is one of the important tools of influence on the economic development of the country. Important tasks in the conditions of transformational transformations are the implementation of an effective budget and tax policy, increasing the level of transparency of the budget process. In the process of formation and implementation of the state financial policy, it is necessary to ensure the conditions for restoring the trust of subjects of economic relations in the financial system. Further development of approaches to the development of tax policy will provide an opportunity to increase the degree of adaptability of the impact of taxation on the economic environment and the quality level of public finance management.

НАПРЯМИ ПІДВИЩЕННЯ ЕФЕКТИВНОСТІ ДЕРЖАВНОЇ ФІНАНСОВОЇ ПОЛІТИКИ АКТИВІЗАЦІЇ ІНВЕСТИЦІЙНОЇ ДІЯЛЬНОСТІ В УМОВАХ ДІДЖИТАЛІЗАЦІЇ

The development of Ukraine's economy, especially during the war and post-war reconstruction, requires the most efficient use of limited financial resources. The institutional demand of the society for prompt adjustment of the economy to meet military needs in times of war and to ensure the fastest possible pace of economic recovery in the post-war period requires the state to increase the efficiency of the state financial policy of intensification investment activity in accordance with the current dynamically changing requirements of the present. The problem of the state's stimulating influence on the economy in order to intensification investment activity in the country is constantly in the field of view of scientists and practitioners. One of the most effective areas of realization of such influence is the financial policy of the state. The issues of formation and implementation of the state financial policy of intensification of investment activity in the context of digitalization are unexplored, relevant and require scientific understanding. The aim of the article is to improve the efficiency of formation and implementation of the State financial policy of intensification of investment activity in the context of digitalization. To date, a prerequisite for modernizing the State financial policy of intensification investment activity is to take into account the demands and opportunities for digitalization of economic and management processes. In order to increase the efficiency of the State financial policy of intensification investment activity in the context of digitalization, a number of practical recommendations are proposed, which together ensured the development of the module "Automation of the State financial policy of intensification investment activity", which structurally consists of two components and is described by a map of analytical filters, casual and information technology algorithms, as well as schemes of process and functional links. The practical implementation of the developed module "Automation of the State Financial Policy of intensification of Investment Activity" will improve efficiency, economic feasibility by minimizing the resources used (financial, labor, etc.) and increase the efficiency of the formation and implementation of the state financial policy of intensification of investment activity in Ukraine by minimizing corruption risks.

FInancial and budgetary policy as an tool of social and economic development of the country

Relevance of the research topic. Financial and budgetary policy is an important tool for the socioeconomic development of the country. The formation and implementation of an effective financial policy of thestate has an important place in ensuring effective social development. It is necessary to determine the priorities of the financial and budgetary policy and create conditions for economic growth. Further development of the state finance management system is important to increase the efficiency of institutional transformations of the economy and ensure positive macroeconomic dynamics. Formulation of the problem. Financial and budgetary policy should be an effective tool for ensuring the socio-economic development of the country. Analysis of recent research and publications. The question of the formation and implementation of finance and budget policy is quite widespread in scientific research. These are the scientific works of famous domestic and foreign scientists: V. Nordhaus, V. Teles, P. Samuelson, I. Chugunov, T. Kaneva, L. Lysiak, I. Lukyanenko, A. Mazaraki, V. Makogon, V. Oparin, M. Pasichnyi, O. Samoshkina, V. Fedosov and others. Highlighting unexplored parts of the general problem. It is important to form and implement the financial and budgetary policy of the socio-economic development of the country. Further development of the budget planning system and improvement of the efficiency of use of budget expenditures, improvement of the financial mechanism of social development is expedient.Setting the task, the goal of the research. The main tasks of the study are to reveal the essence of the formation and implementation of the financial and budgetary policy of the socio-economic development of the country, the main areas of improvement of the financial mechanism of social development, further development of the budget planning system and increasing the efficiency of the use of budget expenditures. The purpose of the research is to reveal the theoretical foundations and improve the mechanisms of formationand implementation of the financial and budgetary policy of the socio-economic development of the country. Method or methodology of research. The article uses a set of methods and approaches of scientific research: systemic, factorial, comparative, synthesis, generalization, scientific abstraction and others. Presentation of the main material (results of work). The essence of the formation and implementation of the financial and budgetary policy of the socio-economic development of the country is disclosed; received further development of provisions on the system of budget planning and increasing the efficiency of the use of budget expenditures. The theoretical foundations were developed and the financial mechanism of social development was improved, it was determined that in order to increase the effectiveness of institutional transformations of the economy, to ensure positive macroeconomic dynamics, the further development of the state finance management system is important, the financial and budgetary policy should take into account a number of tasks that stand at a certain stage of the development of social relations. Field of application of results. The results of the research can be used in the process of formation andimplementation of financial and budgetary policy. Conclusions according to the article. Financial and budgetary policy is an effective tool for influencingsocio-economic processes. Important tasks in the process of development and implementation of the state financial policy are the improvement of the public finance system, the strengthening of the effectiveness of the regulatory function of the budget and tax mechanisms, the implementation of structural changes in the economy aimed at increasing the rate of economic growth. The effectiveness of economic transformations largely depends on the quality level of the institutional component of financial architecture, the stability of thecountry's financial system, the effectiveness of the influence of financial instruments on the socio-economic development of the country.

GLOBAL EXPERIENCE OF PUBLIC FINANCIAL CONTROL IN THE PUBLIC FINANCIAL MANAGEMENT SYSTEM

The relevance of this study lies in the fact that with the transition of the economy to a market model, state control over the legality and rationality of the use of public finance becomes increasingly important. State financial control is an important instrument of the financial mechanism and one of the main means of implementing state financial policy. Its role is to support the successful implementation of financial strategy and tactics, as well as the expedient and efficient formation, allocation and use of financial resources of the state. In the conditions of formation of a market economy, control over the budgetary process is becoming increasingly important due to the need to improve the efficiency ofpublic administration of the whole system offinancial relations. State financial control includes control over compliance with financial legislation, the process offormation and use of state, budgetary and extra-budgetary resources, as well as assessment of the economic efficiency offinancial operations and the targeted nature of public expenditure. This work covers important theoretical and methodological aspects of state financial control and aims to identify the main directions of its development abroad. The paper analyses foreign experience in three areas: general public finance control, parliamentary and government control as well as internal control and internal audit as special areas of financial control.

Сучасна парадигма фінансової політики держави та особливості її реалізації в умовах війни на території України

Introduction. In peacetime, each country that implements the democratic values of civil society determines the growth of the welfare of citizens and the realization of their economic interests and constitutional rights as the main development priority. At the same time, the state’s financial policy is the main economic instrument of growth. It provides an optimal, efficient distribution of GDP through the institutions of the budget system and forms a stable financial environment, which is a condition for the realization of property rights and the investment potential of legal entities and individuals. Such conditions are ideal for implementing market laws , the mechanism of financial policy, and its methods and tools generally have a corrective and stimulating effect. In a different economic situation, other tools and methods of the state’s financial policy mechanism become effective when the country is at war. Problem Statement. The peculiarity of the implementation of financial policy in war conditions is a violation of financial stability and macroeconomic imbalances, the main challenge is the cash gaps between revenues and expenditures of the state and local budgets, which is a consequence of a reduction in the revenue component of the state budget when a significant increase in defense and security spending is required. Purpose. Justification of the modern paradigm of the financial policy of the state and the peculiarities of its implementation in the conditions of war on the territory of Ukraine, as well as the development of measures to implement the priority goals of the state's financial policy in the conditions of war and post-war reconstruction. Methods. Statistical and analytical methods, a systematic approach, a method of groupings, generalizing characteristics, a tabular method and a comparison method were used. To reveal the essence of financial policy in terms of the formation of budget expenditures in war conditions, the methodology of the theory of uncertainty and the structural-functional approach were applied. Results. The study of the modern paradigm of the state's financial policy in Ukraine substantiates the need to identify three models for its implementation: 1) in a peaceful state, 2) during the war, 3) financial policy of Ukraine’s recovery. The strategic goals of each model of financial policy may coincide, this primarily applies to goals that should ensure a positive trend in GDP growth and monetary incomes of citizens. However, modern challenges in the period of a full-scale war on the territory of Ukraine determine the only priority goal of the present for the whole society - ensuring Victory and de-occupation of the territory. Measures that make it possible to realize the priority goals of the state's financial policy in war conditions should be divided into two groups: the first is immediate (primary) measures to optimize budget spending in war conditions, and the second is budgetary measures for post-war reconstruction Conclusions. The justification of the modern paradigm of the financial policy of Ukraine is conditioned by the need for conceptual and methodological research in the field of transformation of the existing financial system of the state, which has not got rid of the elements of administrative-command control levers and to substantiate the legal and institutional foundations for the development of the public finance system of the state. “Recovery bonds” as an investment resource for post-war recovery can become a separate instrument in the market of domestic government borrowings. The priority of realizing the goals of the state’s financial policy model during the war should not deny the strategic goals of realizing the financial policy goals of restoring Ukraine as a European state.

EFEKTIVITAS PROGRAM BANTUAN LANGSUNG TUNAI DANA DESA PADA MASA PANDEMI COVID 19 DI DESA KRUCIL KABUPATEN PROBOLINGGO

The purpose of this study was to determine the inhibiting and supporting factors for the Village Fund Direct Cash Assistance program for the poor affected by Covid 19 in Krucil Village, Krucil District, Probolinggo Regency. In addition to knowing the effectiveness of the Village Fund Direct Cash Assistance program for the poor affected by Covid 19 in Krucil Village, Krucil District, Probolinggo Regency. The type of research used is a type of qualitative research. The research approach used in this research is descriptive qualitative. The government has designed various new policies in order to suppress the spread and deal with this virus. Among them is Law Number 2 of 2020 concerning the Stipulation of Government Regulations in Lieu of Law Number 1 of 2020 concerning State Financial Policy and Financial System Stability for Handling the Corona Virus Disease (Covid 19) Pandemic. In addition, in order to protect the poor, the government is expanding the Social Safety Net (JPS) including what is stated in the Regulation of the Minister of Village of PDTT Number 6 of 2020 concerning Amendments to the Regulation of the Minister of Village of PDTT Number 11 of 2019 concerning Priority for the Use of Village Funds which among other things relates to the provision of Direct Cash Assistance sourced from the Village Fund (BLT-Village Fund).