State financial policy and its content
Financial policy is the conscious activity of individual economic entities or the state itself. It is an integral part of the economic program implemented in the country, and its main directions and measures are fully based on it. The state financial policy in many respects determines what the country's macroeconomic indicators will be in a few years, because only due to coordinated actions there is a constant socio-economic development.
Objects and subjects of financial policy
As a rule, financial policy is carried out by the state itself through its president, as well as executive and legislative bodies. They determine the forms of financial relations, the directions of their development, and also regulate the procedure for their functioning in the interests of the state. Usually financial policy is directed both directly at financial resources,which are accumulated and used to meet the needs of various parts of the national economy, and the established financial relations. In a word, it is a set of measures, the purpose of which is to create the economic basis for the activities of national economic entities.
Content of financial policy
The overall financial policy strategy in terms of the final goal consists of the following points:
1) Development of concepts of financial management, which are based on scientific facts, and their use at various stages of the economic cycle. In the event of an economic downturn, the state corrects the situation through stimulating policies, reducing taxes and government spending. All these actions are aimed at stimulating economic activity and improving the economy.
2) Determination of the most important areas of spending finances in this reporting period. The financial policy of the state is always based on the main goals and objectives within the state economic strategy.
3) Ensuring the implementation of plans, the achievement of goals and tasks.
Financial Policy Classification
Researchers of this issue identify two signs with the help of which you can systematize the elements included in this complex concept. According to the territorial criterion, national and regional financial policy can be distinguished, and according to the time criterion, financial tactics and strategy. Tactics are a combination of various activities that need to be implemented at a certain stage and in a certain territory, and a strategy means only large-scale objectives and goals for a long-term period.
Principles of financial policy
As a rule, financial policy is aimed at balancing the costs and revenues of the state, because it depends on what the future of the country will look like. For this, money reserves are formed, the funds from which can be used to solve possible economic problems.