The State Financial Policy as Instrument of Economic Growth

Abstract

The article is aimed at disclosing the essence and defining the role of the State financial policy as instrument of economic growth in the conditions of economic transformation. The main functions of the country’s financial policy were analyzed. The necessity of formation of institutional and methodological bases of the State financial mechanism with the purpose of strengthening of efficiency of structural changes of economy and social sphere has been substantiated. Directions of formation and implementation of the State financial policy on maintenance of socio-economic development of the country have been proposed.

Keywords

• public finances
• the State financial policy
• budget
• budget policy
• budget mechanism
• economic growth