BUDGET POLICY

KOLOSOVA Viktoriia ¹

¹National Institute for Strategic Studies

State budget expenditures planning for implementation of investment programs credited by international organizations

Budget planning in general is a major element of the budget process management. It is determined, that an effectiveness of state budget expenditures planning depends on many factors, including: formulation of goals and objectives at the level of key spending units; credibility of macroeconomic indicators and other information used to prepare a draft budget; methods of planning budget expenditures indicators. It is emphasized that budget expenditures planning for implementation of investment programs primarily is associated with the need to ensure balanced development of the national economy. Active involvement of international loans and provision of public funding can provide structural reform of the national economy, development of innovative and sustainable economic growth. The need to attract international financial institutions to fund implementation of investment programs also determines the need for research in this area. Use of program budgeting in budget process involves improvement of methodological framework, implementation of medium- and long-term planning, and development and implementation of an effective system of budget allocation for the relevant programs that aim to solve pressing social and economic problems.

Keywords: state budget, budget expenditures, budget planning, budget programs, lending by international financial institutions.

JEL: H60, H61, H68, F35.

Kolosova V. . State budget expenditures planning for implementation of investment programs credited by international organizations / V. . Kolosova // Фінанси України. - 2015. - № 2. - C. 27-38.