Food Industry <br />Economics

Food Industry
Economics

ISSN Print: 2312-847X
ISSN Online:2411-4111
ISO: 26324:2012

THE PROBLEMS OF EFFECTIVE FUNCTIONING OF THE FINANCIAL SYSTEM

Tarasova O.

Key words: fiscal policy; financial system; financial restructuring; government regulation; financial instruments; fiscal decentralization

Page: 51-55

Abstract

role in the development of society. The problems the solution of which will allow to optimize the financial
system of the state. The role of fiscal policy to ensure stable economic growth, has been substantiated the
need to ensure a balance between the objectives of financial restructuring and the terms of external and internal
environment has been proved. It was determined that one of the main levers in the system of state
regulation of economic and social development is a financial instrument. Five key problems of the financial
system have been identified: the lack of a systematic approach to financial restructuring; too slow pace of
reforms; vaguely defined specific areas of reforms; lack of a clear strategy and tactics of financial restructuring;
lack of proper efficiency of the financial system. It is noted that the reform of fiscal decentralization takes
place in a downward macroeconomic dynamics. This analysis of the implementation of local budgets showed
that the implementation of fiscal decentralization reforms gave the first positive results.


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DOI:

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