Financial policy of the state

Financial policy of the state, as a rule, is aimed at building a financial mechanism with maximum efficiency to achieve tactical and strategic goals that are stated in the long-term program of development of the country in the future. Financial policy of the state involves all components: budget, tax, customs, currency and monetary policy.

Financial policy of the state is a set of targeted actions aimed at setting goals and defining the means of achieving them. Thus, it is an economic public policy that is manifested in the use of financial state resources, as well as tax regulation, in the regulation of expenses and income, the effects on national exchange rate, in the formation of  the state budget, the management of monetary circulation.
Main  the subject of policy - the state. They carried out the development of scientifically based concepts of development Finance; defines the main directions of their use; measures are being developed that are aimed at achieving specific goals.

Financial policy of the state in its essence is a strategic direction, defining medium and long term use of Finance and is aimed at addressing the main challenges that arise from the peculiarities of functioning of social sphere and economy of the country. Along with this, the government carried out the selection of current goals and the purpose of application of financial relations. All of these activities are interdependent and closely linked.

Financial policy of the state - an integral part of economic policy. Financial strategy - long term financial policy of the state, long-term, it provides for solving large-scale problems. Therefore, the financial activities and decisions, pursuing the achievement of results over a period of time of 12 months, relates to the long-term policy.

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Financial tactics – solving problems at a certain stage of development through a timely rearrangement of the financial relations. Principles of formation of long-term and short-term policies are interdependent. Short-term solutions in the financial area must be correlated to long-term goals and facilitate their achievement. This ratio is closely related to the strategy and tactics in the financial policy of the state as a whole.  Strategic decisions and long-term financial policy of the state related to investments, so their development analyzes the investment processes.

The Financial market is an organized institutional structure to create financial assets for their subsequent exchange. In the financial market there is a mobilization of capital, loans, are exchange money transactions. The activities of the national financial market is regulated by the Central Bank of the country. International financial markets have defined areas where there is a concentration of their activity. As a rule, is the international financial centers, which carried out much of the  financial  operations on an international scale. If the list of the world's financial markets, in descending order, then the list is headed by London, and conclude with a  Singapore. International financial markets - a set of national financial markets. The activities of the international financial markets governed by a variety of international institutions and international agreements.