Krasnov A.Yu.Kyrgyz-Russian Slavic University named after the First President of Russia B.N. Yeltsin, Bishkek, Kyrgyz Republic krasnov.artem@mail.ru
Importance This article examines the formulation and implementation of social and economic tasks in the Kyrgyz Republic based on certain methodological tools. The Budget Code plays the leading role. Objectives The paper analyzes the current practice of forming budget rules. It identifies the problems and directions of improving the Budget Code of the Kyrgyz Republic. Methods To examine the effectiveness of the implemented policy of public finance management, I used the logical, comparative, and statistical analyses. Results The study reveals a number of deficiencies in the adopted Budget Code of the Kyrgyz Republic. It includes the abolition of previously existing norms of budget rules, primarily with regard to the public debt. As a result, I propose some amendments to the budget rules under formulation. Conclusions and Relevance Some concrete recommendations have been formulated in the framework of the study. The results of the research can be used in the process of improving the budget legislation and fiscal policy.
Keywords: fiscal policy, budgetary rules, budget code, budget system principles
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