THE FINANCIAL POLICY OF SUSTAINABLE DEVELOPMENT OF RURAL TERRITORIES
Abstract
Purpose. The main objective of the research is the substantiation of financial principles for sustainable development of rural territories taking into account collateral for the proper level of quality life for rural residents. Methodology of research. The dialectical approach, general and scientific and special methods were used in the research process. In particular: monographic method – for substantiation essence of the concepts “financial policy”, “rural territories”, “sustainable development”; structural and logical method – in defining the role and directions of financial policy, substantiation of the conceptual strategy for sustainable development of rural territories. Findings. The role of financial policy as promoting the effective implementation of certain social, environmental, financial, and other functional measures by the state has been determined. It has been established the purpose of financial policy of the state, which increases the gross domestic product, increases the efficient use of state financial resources. It has been substantiated intrinsic characteristics of sustainable development of rural territories. It has been found that the financial policy of sustainable development is positioned as a crucial factor in the implementation of public functions in the agricultural domain, which is closely intertwined with the management of agricultural economics, increasing the efficiency of agricultural production, improving the lives of rural population. It has been formed a central idea for sustainable development of rural territories which claims to ensure a high standard of living and harmonious development of environmental and social and economic spheres. Sustainable economic development of rural territories is defined public financial policy as a part of social and economic policy of the state to ensure sustainable growth of financial resources, financial support for implementation of social and economic programs. Originality. The comprehensive approach to consideration the problem of making balanced financial policy of sustainable economic development of rural territories that is aimed at implementation of social and economic programs to increase the level and quality of population life was used. Practical value. The obtained results of research will contribute to the development of substantiated policy for providing social, economical and environmental development of rural territories and improving the welfare of rural population.
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