The Budget Policy in Conditions of Strengthening of Integration Processes

Анотація

The article discloses the essence of budget policy and defines its features in conditions of strengthening of integration processes. The analysis and assessment the share of the public debt and the budget deficit in the GDP of the European Union Member States for 2007 – 2016 were carried out. The approaches to ensure the balance of budget in the conditions of transformational changes have been defined. It has been substantiated that measures on reduction of budget deficit should be carried out in stages with simultaneous increase of efficiency of public production, provision of recovery of national economy, that is a guarantee of the financial-budgetary stability of the country and a source of growth of financial resources; an important strategic objective of budget policy is to optimize and restructure expenditures of budgets of different levels, including by directing them towards solving the problems of structural adjustment of economy and concentration in its prospective sectors.

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