Directions of Improving State Regulation of Financial Sphere in Ukraine

Abstract

In modern conditions of economy’s development, our country needs a balanced policy of state regulation of economic processes, in particular in the financial sphere. To increase the level of ensuring the efficiency of economic processes in Ukraine, it is necessary to create institutional conditions for optimizing the activities of the budget sphere and to form an appropriate level of control and regulation of the public finance system. The efforts of the current government are aimed at developing the country’s economic system, which necessitates an active role of the state in regulating the financial sector. Economic reforms are designed, first of all, to raise the level of the economy and to improve its condition as well as to promote new inflows of investment capital and funds to the state budget. In order to ensure and implement these tasks, giving a certain direction to economic processes in accordance with the interests of the country, it is necessary to properly regulate and control the circulation of budget funds. Nowadays a financial control all over the world is considered as an important component of effective public policy. This confirms the role