Fiscal policy - is part of the fiscal policy pursued by the state.It defines the principles of relations in the field of finance in the formation of budget revenues, the implementation of cost conduct of intergovernmental relations.This policy affects the proportions and dimensions of financial resources, centralized state, defines the structure of costs and prospects of the budget for development of the economy.
budgetary policy of the government regulates all relations in the field of finance that occur between enterprises and the state through the implementation of tax revenues, during the investment policy, the planning of budget expenditures in relation to the priority sectors.
State purposefully affects the economy by changing the amount and structure of government spending, taxation and state ownership, which are the instruments by which fiscal policy is conducted.Its main parameters are reflected in the budget and act as an instrument of public finance management.
objectives of fiscal policy for the fiscal year stated in the Budget Message of the President of the Federal Assembly.
Fiscal policy - a strategic direction that defines the prospects for the formation and subsequent use of finance to address the main problems of the economy.Therefore, there are three main areas of policy:
- allocative component.Does the need to adjust the market mechanism of regulation of financial resources in the economy in order to increase the efficiency of the market.For example, the state tax collection may limit production of unclaimed goods in the foreign market and to facilitate the production of such goods, which have great advantages.
- Distribution component.It is to change the results of the income distribution.Example: fiscal policy tax collection to help the working population to pay benefits and pensions to disabled.
- stabilization component.Defines impact on macroeconomic balance, determines the size of tax expenditures budget, the size of the national debt and the general condition of the credit system.
should be noted that the accounting policies of budgetary organization plays an important role in budgetary accounting.At the enterprise it is determined by the chart of accounts and the existing requirements for the organization of budget accounting in this area.
Budget accounting (as opposed to a commercial organization) is much more difficult.The level of control over the use of budgetary funds is much higher.What should give accounting policy?It allows you to fix the existing methods of accounting, which are used from year to year.
accounting policies The structure includes the organizational, methodological sections and appendices to the work plan of accounts workflow schedule and a list of non-standardized forms created by the organization itself.
