Budget expenditure as a tool of social development

Relevance of the research topic. In the context of economic transformation, issues of increasing the efficiency and effectiveness of budget expenditures as a tool for social development are actualized. Budget expenditures should be planned taking into account the dynamic and cyclical nature of economic processes, the need to ensure a sufficient level of institutional economic transformation, the use of effective financial and budgetary mechanisms and tools, in particular, a sound system for monitoring the efficiency of use of budgetary funds. A well-balanced approach to budgetary architecture is an important prerequisite for stimulating economic growth and ensuring macroeconomic stability. At the same time, the architecture of budget expenditures influences the structural transformations in the branches of economy, the development of human potential. Formulation of the problem. At this stage of the development of the public finance system, it is advisable to determine the appropriate institutional framework for budgeting as a tool for social development, directions for full implementation of the medium-term budget planning process in the budget process, improving the effectiveness of budget programs. At the same time, the choice of financial regulation instruments in the area of budget expenditures involves taking into account the leading experience of countries with both developed and transformational economies. Analysis of recent research and publications. The problem of increasing the efficiency and effectiveness of budget expenditures as a tool for social development is quite common in scientific research. These are the works of well-known domestic and foreign scientists: J. Buchanan, W. Mitchell, J. M. Keynes, T. Bogolib, I. Zapatrina, L. Lysyak, O. Samoshkina, I. Chugunov and others. Highlighting unexplored parts of a common problem. The above issues are actualized in connection with the strengthening of globalization processes, unfavorable internal economic environment, which requires solving a number of specific tasks related to the need to strengthen coordination of spending units and improve approaches to the formation of quality levels of performance of budget programs in order to establishment of the degree of achievement of targets, goals, objectives, which will strengthen the relationship between the financial resources used and obtained and results. Goal setting, research goals. The objectives of the study are: to reveal the role of budget expenditures as a tool for social development; to analyze and estimate the expenditures of the consolidated budget of Ukraine identify the main factors that affect the budgetary architecture; open up provisions for improving the efficiency and effectiveness of budgetary use. The purpose of the study is to substantiate the priorities of the budgetary policy in the sphere of expenditures in the conditions of economic transformations. Research method or methodology. The set of scientific research methods is applied in the article: systematic approach, statistical analysis, structuring, analysis, synthesis, etc. Basic material presentation (results of work). The role of budget expenditures as a tool for social development is identified. The analysis and estimation of expenditures of the consolidated budget of Ukraine have been carried out. The main factors that influence the budgetary architecture are identified. Provision is made to improve the efficiency and effectiveness of the use of budget funds. The priorities of the budgetary policy in the sphere of expenditures in the conditions of economic transformations are substantiated. Area of application of results. The results of this study can be applied in the process of forming and implementing the budget policy of Ukraine, reforming the public finance system. Conclusions according to article. Expenditure budgetary policy, through the use of a set of fiscal instruments, allows solving the challenges facing the country at a certain stage of social development, achieving the necessary macroeconomic proportions and accelerating economic growth. In the context of economic transformations, the important tasks of budgetary policy in the sphere of expenditures are: improving the efficiency and effectiveness of the use of budgetary funds; optimization and concentration of budget funds in priority directions of socio-economic development of the country; full implementation of the medium-term budgetary planning in the budget process, which is one of the effective tools for regulating socio-economic processes and a precondition for transparency and efficiency of the budget process.