THE IMPORTANCE OF FINANCIAL MANAGEMENT PRINCIPLES IN THE STATE BUDGET EXECUTION

Yuriy Holynskyy ()
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Yuriy Holynskyy: Ivan Franko National University of Lviv

Annals of Spiru Haret University, Economic Series, 2017, vol. 17, issue 4, 19-28

Abstract: In the structure of the financial system of each state, one of the most important places is given to the budget, which characterizes the degree of development of budget relations that arise between government bodies and economic entities in the process of distributing gross domestic product. The budget as an instrument of macroeconomic regulation has an impact on the development of social sectors, the functioning and modernization of national defense and law enforcement activities, the development of national economic sectors and the welfare of the society. At the same time, the implementation of budgeted activities of supporting the sectors of the national economy and other activities depends not only on their consideration in drawing up the budget, but also on the quality of its execution. In this paper, author determines the possibilities of using the financial management principles in the public sector during all stages of state budget execution.

Keywords: budget execution; financial management; public finance; New Public Management (search for similar items in EconPapers)
JEL-codes: H72 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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