Modern budget policy: features and criteria for assessing quality

The development of the principles of an appropriate budget policy (or a budget policy of adequate quality) is the central topic of research by Russian and foreign scientists, experts from the International Monetary Fund and the World Bank as a response to the need of the world community to search for universal tools for ensuring economic growth with the unconditional fulfillment of current budget obligations, which in including the ability to mitigate the negative effects of fluctuations in economic cycles. Revision of the significance and role of the budget as one of the main instruments for the implementation of financial policy is especially relevant at the present time in connection with the global revision of the strategic priorities for the development of the state in the new socio-economic realities.