Saktaganova Indira Sovetovna,
Associate Professor, Department of Theory and History of State and Law,
constitutional law, Candidate of Law
Eurasian National University of L.N.
Gumilyov, Astana, Kazakhstan
Moukhametzhanova Jeanne Erdenova,
The 2rd year student of the specialty jurisprudence
of the Eurasian Humanitarian institute
Astana, Kazakhstan
Saktaganova Alina
Daniyarovna,
The 1nd year student of the
specialty politology of
the Eurasian national university
Named after L.N. Gumilev,
Astana, Kazakhstan
The role of state financial regulation of
economy
State financial regulation of economy is a process of purposeful and
consistent application of government forms and methods financial impact on
business entities to influence the macroeconomic equilibrium of the economy in
each stage of its functioning.
State
financial regulation is based on the following original reasons that act as
prerequisites:
1.This is the account for
the action of objective economic laws of development of society. The process of
financial regulation depends on the financial policy and mechanism for its
implementation in business practice. Activities of the financial policy and mechanism
will be effective and meet the requirements of practice better when they take
into account the interests of economic entities, as reflected in economic laws.
2. The development of the
actual, reasonable program of development of a society reflects the interests
of all its members, with milestones on the substantive parameters of the
implementation. The program provides legal acts of the state and subordinate
structures; permitted changes due to unforeseen circumstances.
3.The presence of a
democratic system of expression for the free expression interests of different
segments of the population.
4.The country has a
well-functioning legal system accurately and promptly responds to deviation
from the norms and rules of conduct in economic activity. In the broad concept
of the legal system should promote the formation of "healthy climate"
in society, the impact of which far goes beyond legal liability, including
liability for the execution of the decision, i.e., provides quality control
[4].
Types of financial regulation include: tax, budget, public credit,
customs tariff, monetary, financial, internal (intra, within the enterprise,
organization, Corporation, etc.Forms of regulation refers to the processes
occurring in these species: for example, in the budget form are the following
forms of financing (grants, subsidies, transfers), in a tax - direct and
indirect taxation, financial and monetary / foreign investment, external
borrowing, external debt [5].
The
main methods of financial and monetary regulation are:
1) the exchange rate;
2) interest rates on monetary capital;
3) courses international means of payment and
securities;
4) a variety of methods for hedging exchange
risks.
Used items-the regulators operate in a complex
relationship in a common economic mechanism; therefore, the state, by setting
the rate in the financial, monetary policy, should carefully consider the
economic situation and social status of society and the choice of certain
types, forms and methods of influence on the economic and social interests to
correctly identify strategic and operational objectives of social development.
Impact
on socio-economic processes using a variety of forms and methods as indirect
and direct, is to ensure the evolution of the national economy, accompanied by
economic growth, consistent continued development of the social sphere in
certain time frames of the functioning of this socio-economic system [6].
The
condition of macroeconomic equilibrium involves the balancing of fundamental
economic parameters, such as:
1) supply and demand;
2) the goods and money of the masses;
3) saving and investment;
4) inflation and unemployment;
5) productivity and its payment;
6) financial resources and socio-economic needs
of society;
7) of the income and expenditure of the state
budget;
8) the size of the budget deficit and sources of
its covering;
9) of the asset and liability balance of
payments.
The national system of financial regulation of economy and social sphere
will go through many stages of development, but one thing is certain -
approaches to the solution of its tasks, to assessing its impact on
reproduction, finding ways to increase the effectiveness of the same mechanism
and improve relevant process must be based on a truly scientific theory of
financial impact and objective analysis of specific historical conditions [7].
The role of state financial regulation in a market economy is huge and
important, this is due to the activity in the use of regulators in the field of
monetary, credit and financial relations, in the work of all organs of economic
management of the country, the organization of international economic relations
of Kazakhstan.
Тhe list of sources used
1. The Constitution of the Republic
of Kazakhstan
2.The Budget Code Of The Republic Of
Kazakhstan
3.The Tax Code Of The Republic Of
Kazakhstan
4.Artemov A. Modernization of state
management of the economy /Economist - 2008, No. 2, pp. 16-21
5.Brykin A. Logistic concept of state
regulation /the Economist - 2009,№2 p. 8-10
6.Dontsova L. V. Issues of state
regulation of economy: main directions and forms, 200
7.Sergeev I.
Kirsanov N., I. Kirsanov – social Development: priorities regulation / the
Economist - 2007, No. 1 pp. 12-15