The Transformational Realities of the Budget Policy of Ukraine in Accordance with the Latent Desiderata of the European Union

Abstract

The article is concerned with consideration of specific features of formation of budgetary policy of Ukraine and the EU in the sphere of income and expenditure parts, as budget policy is a key component of the State financial policy. The constituent elements, main differences and common features of the income and expenditure parts, as well as the possible influence of the national budget system on the efficiency of formation of economic relations with the Member States of the European Union are considered. The main stages of transformation of the national budget system are analyzed taking into account realities of economic and political condition, as well as the requirements on formation of effective budget provision for creation of favorable investment environment of the national economy. Possible measures to improve the existing budget policy in order to improve the economic condition of the country and further integration processes at the level of international programs, organizational associations to create a competing internal business environment are substantiated.

Keywords

• budget policy
• budget innovations
• strategy
• integration processes
• economic development