Financial policy in the system of economic development

Economic Annals-XXI: Volume 129, Issue 5-6(1), Pages: 37-40

Citation information:
Vatulov, A. (2013). Financial policy in the system of economic development. Economic Annals-XXI, 5-6(1), 37-40. https://ea21journal.world/index.php/ea-v129-10/

Andriy Vatulov
Head of Secretariat,
Committee on Budget,
Verkhovna Rada of Ukraine, Ukraine
vatulov_a@mail.ru

Financial policy in the system of economic development

Abstract. The economic essence and role of financial policy in system of economic development of the country is uncovered in the article. The main forms and tools of financial policy are considered; expediency of improvement institutional bases of financial regulation is proved. The main directions of financial policy over the medium-term prospect that will help to improve the level of economic development purposes and tasks coordination in the country are defined. The features of the state financial regulation mechanism of societal economic growth evolution are specified. It is concluded that the main directions of Ukraine’s financial policy development should be the following: improvement of financial regulation institutional environment; increase of financial-budgetary planning and forecasting; gradual grounded extension of monetization; development of financial intermediation; improvement of currency regulations; strengthening of correlation between financial regulation and economic cyclicality; provision of macroeconomic balance.

Keywords: Financial Policy; Financial Regulation; Financial System; Budget; Economic Development

JEL Classification: E52; E60; E62; G32; H30

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Received 30.04.2013