The Evolution of Views on Instruments of Budget-Fiscal Regulation

Tatyana Yurievna Tkacheva, Liubov Victorovna Afanaseva, Svetlana Nikolaevna Belousova, Larisa Victorovna Sevrukova


The article is devoted to a generalization of modern theories of fiscal regulation. The aim of research is to substantiate the use of modern tools of fiscal regulation on the basis of theoretical analysis of scientific views on fiscal policy issues of the state. It is founded by the authors that efficiency and the impact of the fiscal regulation , on the one hand, is provided by the formation of financial resources in order to implement the functions of the state, on the other hand, it is provided by the creation terms of continuous search of reserves of efficiency of managing. In this article is analyzed the dynamics of public revenue and expenditure of the Group of Seven (Japan, Germany, France, Italy, Britain, USA, Canada) and Russia. The fiscal policy of the world leading economies is heterogeneous and subjected to many different factors in current circumstances. Therefore, the effects described in models cannot be universal. The article reveals the particularities of the transformation of the tools of fiscal regulation in terms of development of financial crisis phenomena. Crisis phenomena also break structures of many theories and laws. The article gives a conclusion about the need for empirical evidence of the influence of macroeconomic instruments on fiscal policy of the state at a given place and time. Article is executed within the state task of Southwest state university, a project code: 2090.

DOI: 10.5901/mjss.2015.v6n6p364

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Mediterranean Journal of Social Sciences ISSN 2039-9340(Print) ISSN 2039-2117(Online)

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