+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
National Interests: Priorities and Security
 

The principles of growth-oriented fiscal policy

Vol. 12, Iss. 7, JULY 2016

PDF  Article PDF Version

Received: 16 March 2016

Received in revised form: 13 April 2016

Accepted: 22 May 2016

Available online: 28 July 2016

Subject Heading: SUSTAINABLE DEVELOPMENT OF ECONOMY

JEL Classification: E61, E62, H60, H68

Pages: 65-77

Khanafina K.A. Plekhanov Russian University of Economics, Moscow, Russian Federation
kerushka89@gmail.com

Importance The article deals with the issues and principles of economic growth-focused fiscal policy.
Objectives The paper aims to consider the existing principles of responsible fiscal policies, as well as the international experience in this field, and formulate the basic principles of fiscal policy, which will overcome the crisis to achieve macroeconomic balance and move on to a phase of economic growth.
Methods The methodology is based on general and specific methods of scientific cognition: methods of empirical research, the comparative study, synthesis of theoretical and practical material. The research analyzed the normative legal acts and methodical materials, scientific literature, and statistical data.
Results I formulate the principles of fiscal policy aimed at economic growth, and one of them is budget forecasting. I highlight the problems of introduction of program-targeted planning.
Conclusions and Relevance One of the defining principles of fiscal policy to economic growth is a certainty of its goals and objectives, the compliance of these principles with the strategic priorities of socio-economic development of public legal education, and the adequacy for current requirements and development conditions. The results of the research may be used in the activities of bodies of State power and local self-government for the management of State and municipal finance in the budget process; the budgetary legislation of the Russian Federation; educational process, research work.

Keywords: budgetary policy, macroeconomic balance, economic growth, steady budget

References:

  1. Analiz problem gosudarstvennogo finansovogo kontrolya v usloviyakh mirovogo finansovogo krizisa [An analysis of problems of State financial control in the conditions of world financial crisis]. Moscow, Voentekhinizdat Publ., 2009, p. 140.
  2. Bychkov S.S., Boldyr' A.A., Lavrov A.M. [The experience and prospects of assessing the quality of financial management of federal public authorities]. Finansovyi zhurnal = Financial Journal, 2015, no. 3, pp. 5–15. (In Russ.)
  3. Lavrov A.M., Pirie A., Brooke P.J. [Principles of effective and responsible management of public finance]. Finansy = Finance, 2006, no. 10, pp. 3–20. (In Russ.)
  4. Belousov Yu.V. [Participation of the public in strategic and budget planning in the subjects of the Russian Federation: Evidence from the Perm Krai]. VUZ. XXI vek = University. 21st Century, 2015, no. 2. (In Russ.)
  5. Volkov A., Gutnik A., Kvashnin Yu., Olenchenko V., Shchedrin A. [Overcoming the crisis in some EU countries]. Mirovaya ekonomika i mezhdunarodnye otnosheniya = World Economy and International Relations, 2015, no. 3, pp. 35–47. (In Russ.)
  6. Igonina L.L. [The formation of a financial mechanism for modernization of the Russian economy]. Fundamental'nye issledovaniya = Fundamental Research, 2007, no. 9, pp. 116–118. (In Russ.)
  7. Minaeva E.A. [Analysis of factors influencing the efficiency of State financial control over the budget expenditure for implementation of targeted programs]. Vestnik Finansovogo universiteta = Bulletin of Financial University, 2013, no. 4, pp. 121–130. (In Russ.)
  8. Kosov M.E. [The potential of evolutionary theory in the study of the dynamics of economic relations]. Ekonomika i predprinimatel'stvo = Economics and Entrepreneurship, 2014, no. 12, pp. 8–17. (In Russ.)
  9. Kosov M.E. [A role of innovation in the economic relations dynamics]. Intellekt. Innovatsii. Investitsii = Intelligence. Innovation. Investment, 2015, no. 1, pp. 51–56. (In Russ.)
  10. Kosov M.E. [Prospects for a socially-oriented market economy]. Vestnik Finansovogo universiteta = Bulletin of Financial University, 2015, no. 2, pp. 29–37. (In Russ.)
  11. Balikhina N.V., Kosov M.E. Razvitie investitsionno-innovatsionnykh protsessov v rossiiskoi ekonomike: finansovyi aspekt: monografiya [Development of investment and innovative processes in the Russian economy: a financial aspect: a monograph]. Moscow, YUNITI-DANA Publ., 2014, 231 p.

View all articles of issue

 

ISSN 2311-875X (Online)
ISSN 2073-2872 (Print)

Journal current issue

Vol. 20, Iss. 4
April 2024

Archive