Proceedings of the International scientific and practical conference ―Modern Science and Education‖ (April 10-12, 2026) / Publisher website: www.naukainfo.com. – Paris, France, 2026. - 217 p.

14 and local interests in the field of inter-budgetary relations, regulating public debt and ensuring social justice in the redistribution of national income [1]. An analysis of economic literature shows that among a significant circle of scientists there is a fair opinion that budgetary policy consists of strategy and tactics, depending on the tasks it performs in the corresponding period of the country's socio- economic development. We agree with this thesis, since indeed, budgetary policy cannot function by itself, it, as a unique, phenomenal phenomenon, must have a clear development strategy, see the goals it must achieve, and what to strive for. Its functional and instrumental diversity depends on the scope of application of efforts, resources, labor, costs, stability and validity of management decisions, and it must focus on prospective economic and social expectations [2, p.98]. In our opinion, depending on the large-scale tasks and strategic goals that it fulfills, budget policy is essentially a strategy of government actions aimed at regulating socio-economic relations through the country's budget system. Budgetary policy differs from other policies in its social significance and economic relevance for the development of the country. Its formation and implementation must correspond to the goals of the state at the appropriate stage of development. Historically, budget policy has changed from the views of A. Smith, who believed that state intervention in the economy should be minimal to the emergence of a new economic school founded by German scientists A. Wagner, M. Weber, who espoused the idea that the economic development of the state depends on budget expenditures necessary to provide public services. The theoretical basis of modern budget policy is the ideas of J. Keynes, which are based on the imperfection of the capitalist economy to effectively use available resources, and therefore there is a need for state intervention in economic processes and their regulation [3, p.29]. Currently, budgetary policy serves as an instrument for regulating the economic and social development of the country. Since the state regulates the system of inter- budgetary transfers, budget investments, social programs to overcome poverty,