Proceedings of the International scientific and practical conference ―Cambridge Science and Education Conference‖ (May 15-17, 2026) / Publisher website: www.naukainfo.com. - Cambridge, United Kingdom, 2026. - 429 p.

29 qualitatively fulfill the tasks and goals of social development, as well as providing the population with better quality and sufficient quantities of social goods, acquires special importance. It is the application of modern budget planning methods that increases the level of effectiveness of financial policy and the efficiency of using the state's financial resources. The effectiveness of tax policy, as well as budget policy, as instruments of financial policy requires coordination of strategic guidelines for social development, effective use of the components of monetary regulation mechanisms and combining this factor with efficiency and responsibility. The goals, principles and priorities of this policy should be focused on stable social development, which involves taking into account scientifically based social standards, increasing the level and quality of life of citizens. In this context, proper budget planning and regulation, the quality of state financial control (audit) and transparency of the functioning of the entire budget system are also important. Local budgets play an important role in implementing the goals and objectives of social development as instruments of budgetary policy and are characterized by the ability to successfully regulate these processes. The formation and implementation of the priorities of the state's financial policy should be carried out on the basis of the responsibility of all subjects of socio- economic relations, taking into account the institutional component of the financial system, its regulatory apparatus, which lies in the formation of a system of goals and objectives, compliance with monetary, budgetary, fiscal components, their consistency with endogenous and exogenous transformations of the institutional and socio-economic environment. An important aspect is the identification of the dominant factors of influence on the formation and implementation of the state's financial policy through the implementation of social development tasks generated by the endogenous and exogenous environment and affecting the quality of its financial instruments. Taking into account this factor, in particular its significance and role at the appropriate evolutionary stage in the formation of goals and objectives of financial policy will contribute to the effectiveness and adaptability of financial