The Formation of Budget Expenditures in Conditions of Institutional Modernization of Economy

Abstract

The article is aimed at disclosing the methodological and practical provisions of formation of budget expenditures in the conditions of institutional modernization of the country’s economy together with developing recommendations for their improvement. The basic principles of institutional transformation of the system of budgetary financing of socio-economic development are defined. An analysis of the budget policy of Ukraine in the sphere of expenses is carried out. The features of the budget expenditures structure according to their functional and economic classification are disclosed. The expediency of use of the program-target method of management of expenses on planning and performance of the budget for the medium-term perspective is substantiated. The features of formation of budget deficit and the structure of sources of its financing are characterized. The basic approaches to improvement of the mechanism of formation of expenditure part of local budgets through decentralization of the budget funds management are developed.

Keywords

• budget
• budget expenditures
• formation of budget expenditures
• program-target method of planning budget expenditures
• socio-economic development of the country
• efficiency of use of budget funds