Bìznes Inform (Dec 2019)
The Analytical Component of the Macro-Financial Indicators of Sustainable Development
Abstract
The article is aimed at researching the country’s macro-financial indicators as an instrument to inform about changes in the development of its economic and financial spheres. The need for macro-financial indicators at all stages of management is substantiated. The sequence of use of results of macro-financial indicators analysis in the implementation of the country’s financial policy strategy is visually presented. Monitoring of indicators in the course of management process should take place at least twice: in the process of estimating the situation to form an action plan and in evaluating the impact of implementing these activities. A systemization of macro-financial indicators in accordance with the following subgroups is proposed: stability, security, efficiency. Attention is paid to the specifics of filling each of the groups of macro-financial indicators in accordance with specific characteristics and functional purpose for the economic and financial system. The allocation of the first group is conditioned by the need to define the amount of the country’s financial resources, on the basis of which public finance funds are formed, which are directly dependent on the stability of income base of the State budget and the monetary stability in general. The allocation of the second group provides an opportunity to evaluate the efficiency of management in terms of distribution and redistribution of the public finance funds. The classification group of the macro-financial security indicators includes indicators of budget security and debt security. A list of macro-financial indicators within each of these groups is provided. The selection is based on the recommendations of the effective and actual methodology for calculating the economic and financial security of the country. The classification is based on the main goals of sustainable development, based on empirical indicators of the methodology and the sustainable growth of the country’s GDP.
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