The financial policy of the state, as a rule, is aimed at building a financial mechanism that allows maximum achievement of tactical and strategic goals that are stated in the long-term development program of the country in the future. The financial policy of the state involves all components: budget, tax, customs, currency and monetary policy.
The financial policy of the state is a combination of purposeful actions aimed at setting goals, as well as determining the means to achieve them. Thus, this is an economic state policy, which manifests itself in the use of financial state resources, as well as in tax regulation, in the regulation of expenses and incomes, in the impact on the national exchange rate, in the execution and formation of the state budget, in the management of monetary circulation.
The main subject of the policy is the state. It is he who conducts the development of scientifically based concepts for the development of finance; defines the main directions of their application; measures are being developed that are aimed at achieving specific goals.
The financial policy of the state in its essence is a strategic area that defines the medium and long term prospects for the use of finance and provides for the solution of the main problems that arise from the functioning of the social sphere and the economy of the country. Along with this state, the selection of current tasks and goals of applying financial relations is carried out . All of these activities are interdependent and closely interconnected.
The financial policy of the state is an integral part of economic policy. Financial strategy - a long-term financial policy of the state, designed for the long term, it provides for the solution of large-scale tasks. Thus, financial measures and decisions aimed at achieving results for a period of time from 12 months are referred to as long-term policies.
Financial tactics is the solution of problems at a certain stage of development with the help of timely regrouping of financial ties. The principles of long-term and short-term policy formation are interdependent. Short-term financial decisions must necessarily be related to long-term goals and contribute to their achievement. This ratio is closely related to strategy and tactics in the financial policy of the state as a whole. Strategic decisions and the long-term financial policy of the state are associated with investments, therefore, investment processes are analyzed for their development .
The financial market is an organized institutional structure for creating financial assets for their subsequent exchange. In the financial market, capital is mobilized, loans are provided, and monetary transactions are carried out. The activity of the national financial market is regulated by the Central Bank of the country. International financial markets have certain areas where their activity is concentrated. As a rule, these are international financial centers in which most of the financial transactions of an international scale are carried out. If you list the global financial markets in descending order, then London will head the list, and Singapore will complete it. International financial markets are a combination of national financial markets. The activities of international financial markets are regulated by various international institutions and international agreements.