Stages of ukrainian fiscal policy formation

Abstract

The article is about the study of the features of the national fiscal policy formation since the days of Tsarist Russia. It have been considered the economic theories that influenced the process. It has been systematized the stages of fiscal policy development in Ukraine. It has been grounded the major taxes and tax collections during the period of New Economic Policy. It have been overviewed the scientists approaches to policy developing related to fiscal actions by the state. It has been proved that the modern economy of any state can be effective only with the regulators application by the government institutions. It has been argued that the introduction of the adjustment process has the effect in case of the application of tax instruments, which in turn provides the investment process, foreign economic activity of business entities, the development of intellectual capital and contributes to structural changes in production.