Budget policy in the conditions of economic transformations
Authors: Zharikov Anton 
Published: November 2023

Relevance of the research topic. The formation of the budget plays an important role in the system of state financial support for the socio-economic development of the country. The effectiveness of budget policy is determined by the level of development of financial and budgetary institutions aimed at economic growth. It is important to determine the economic essence and directions of budget policy as a tool for economic growth, the introduction of effective budget mechanisms in the conditions of economic transformations. Formulation of the problem. Budgetary policy in the conditions of economic transformations should be an effective tool for solving the main tasks of the socio-economic development of the country. Analysis of recent research and publications. The question of the formation and implementation of budget policy is quite widespread in scientific research. These are the scientific works of famous domestic and foreign scientists: Sh. Blancart, 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. In the conditions of economic transformations, it is important to form and implement the budget policy as an effective tool for the socio-economic developmentof the country. Further development of the budget planning and execution system, improvement of the budget mechanism in conditions of limited budget resources 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 budget policy in the conditions of economic transformations, the main directions of improvement of the budget mechanism of the socio-economic development of the country, thefurther development of the budget planning and execution system in the conditions of limited budget resources. The purpose of the study is to reveal the theoretical foundations and improve the mechanisms of budget policy formation and implementation in the conditions of economic transformations. 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 budget policy in the conditions of economic transformations is revealed; received further development of provisions regarding the budget planning and implementation system in conditions of limited budget resources. The theoretical foundations have been developed and the mechanisms for the formation and implementation of the budgetary policy of the socio-economic development of the country have been developed, it has been determined that the architecture of the budgetary policy should create institutional conditions for the functioning of the budgetary mechanism in order to effectively influence economic growth, comprehensive development of society, and increase the well-being of the population. The results of the research can be used in the process of formation andimplementation of budget policy. Conclusions according to the article. Effective use of budget funds is one of the important problems of budget planning and implementation in conditions of limited budget resources, and an important step towards solving this issue is the improvement of the budget expenditure management system of increasing the effectiveness of their use. The budgetary mechanism of the socio-economic development of the country in the conditions of martial law should provide for the effective and efficient achievement of the economic, social and defense priorities of the country’s development, which involves the planning of budget expenditures andresults from the use of budget funds.