Proceedings of the International scientific and practical conference ―Oxford 2026: Science and Education Today‖ (May 29-31, 2026) / Publisher website: www.naukainfo.com. - Oxford, United Kingdom, 2026. - 392 p.

37 reporting period, assessment of forecast models and factors of the country's socio- economic development. Budget planning is a component of national socio-economic planning, which involves the joint activities of various participants in the budget process, i.e. state structures, the public, who are involved in the formation and implementation of the budget. The subject of budget planning is funds, their movement, financing of industries, areas of economic development in the process of economic reproduction. In accordance with the functions performed by budget planning, its substantive part is formed and filled. Thus, budget planning performs the following functions: - determines priority areas of socio-economic development; - redistributes resources to various budget programs, projects and determines the pace of economic growth; - contributes to improving the well-being of citizens; - reflects the essence of the country's budget policy. Budget planning is based on the scientific principles of its organization, in particular: - based on the potential capabilities of the budget, it applies a comprehensive approach to the parameters of the country's economic and social development; - focuses budget resources on priority activities and priorities; - determines sources of revenue and redistributes them through the budget system; - applies unified methodological approaches to forecasting and developing socio-economic processes, making calculations and determining budget macro indicators; - carries out scientific calculations of plans and improves budget planning methods. Budget planning must take into account all negative factors that affect the country's economy and disrupt the stability of the financial system. Ensuring effective budget planning is quite difficult, especially when it comes to a country that is at war and has an unstable socio-economic situation.