Modern aspects of budgetary policy

Levan Khvedelidze

Journal number 3 ∘ Levan Khvedelidze ∘
Modern aspects of budgetary policy

Summary

The previous article discusses the main directions of the state budget policy, the location of the budget process on the ground, the problems of the budget policy and ways to overcome them.

The main directions, trends, modern situation, problems, aspects of the country's economic improvement and technological economic development, the importance of individual budget policy development and implementation are analyzed.

In the economic development of any country, the formation of former budget policy. Georgia is not an exception in this regard. Development and application of social personnel budget policy in practice is one of the main prerequisites for the country's economic development.

In the article, the state budget is discussed, specific measures and the structure of its completion are set.

When drawing up the state budget, it is important to maintain transparency, during which the government of Georgia and spending institutions should allocate state resources according to strategic priorities. At the stage of refining and improving the formulation of the budget process, it is important that the said process falls within the established fiscal framework and that resources are allocated effectively in order to achieve the set goals.

In order to achieve stable economic development by the state, it is necessary to develop and implement the most comprehensive budgetary policy.

During the distribution of budget funds, special attention should be paid to the sectors of sustainable development of the economy (industry, agriculture, infrastructure, tourism and other directions), which are the main focus of employment.

The government of Georgia: should take timely operational measures for rapid and healthy economic growth, a necessary prerequisite for perfecting a stable economic policy.

It should be able to eliminate the chronic deficit of the budget, by improving the structure of state expenditures and increasing efficiency, which should have a positive impact on the country's monetary policy.

Decisive measures should be taken to improve the management of public debt as one of the crucial tasks of the country's fiscal policy.

The state should take effective steps that ensure the development and implementation of a healthy, maximally complete fiscal policy in the country, in accordance with national-state interests.

EKONOMISTI The international scientific and analytical, reviewed, printing and electronic journal of Paata Gugushvili Institute of Economics of Ivane Javakhishvili Tbilisi State University

DOI: 10.36172/EKONOMISTI E ISSN 2346-8432 Print ISSN 1987-6890	Journal number 3 ∘ Levan Khvedelidze ∘ Modern aspects of budgetary policy Summary The previous article discusses the main directions of the state budget policy, the location of the budget process on the ground, the problems of the budget policy and ways to overcome them. The main directions, trends, modern situation, problems, aspects of the country's economic improvement and technological economic development, the importance of individual budget policy development and implementation are analyzed. In the economic development of any country, the formation of former budget policy. Georgia is not an exception in this regard. Development and application of social personnel budget policy in practice is one of the main prerequisites for the country's economic development. In the article, the state budget is discussed, specific measures and the structure of its completion are set. When drawing up the state budget, it is important to maintain transparency, during which the government of Georgia and spending institutions should allocate state resources according to strategic priorities. At the stage of refining and improving the formulation of the budget process, it is important that the said process falls within the established fiscal framework and that resources are allocated effectively in order to achieve the set goals. In order to achieve stable economic development by the state, it is necessary to develop and implement the most comprehensive budgetary policy. During the distribution of budget funds, special attention should be paid to the sectors of sustainable development of the economy (industry, agriculture, infrastructure, tourism and other directions), which are the main focus of employment. The government of Georgia: should take timely operational measures for rapid and healthy economic growth, a necessary prerequisite for perfecting a stable economic policy. It should be able to eliminate the chronic deficit of the budget, by improving the structure of state expenditures and increasing efficiency, which should have a positive impact on the country's monetary policy. Decisive measures should be taken to improve the management of public debt as one of the crucial tasks of the country's fiscal policy. The state should take effective steps that ensure the development and implementation of a healthy, maximally complete fiscal policy in the country, in accordance with national-state interests.