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.

38 High-quality budget planning makes it possible to more or less stabilize the socio-economic situation, direct the entire budget process in the correct, scientifically sound direction, which helps the country enter new tracks of economic and social development, and ensure sustainable economic growth. In Ukraine, as in many other countries of the world, three-year budget planning is carried out, such as in France. However, in Germany and Sweden, planning is carried out for five (5) years. This is due to national traditions in each country, as well as the budget period does not begin and end in the same way in each country. For example, in Ukraine, three-year budget planning has been introduced since 2019, the budget period lasts from January 1 to December 31 annually and it coincides with the calendar year, the situation is similar in some European countries, for example, Italy, Belgium, the Netherlands. Budget planning, which is carried out not for one year, but for the medium and long term, lays the foundation for promising development by defining specific measures, deadlines for work, and the participation of various branches of government and local governments aimed at effectively solving the problems of the state's socio-economic development. Budget planning, depending on the tasks, is divided into: strategic, current, operational . Strategic planning includes the development of long-term plans for several years ahead, as is done, for example, in Germany and Sweden. Current budget planning involves the formation of financial plans for one year. Operational planning includes estimates of income and expenses, appropriation plans, budget schedules, that is, those documents that ensure the implementation of budgets during one budget period. Planning is the tool with which the state regulates not only economic or social processes, but also influences regional and foreign economic policy, the development of science, stimulates business activity, encourages business entities to increase productive labor, etc. An important task of budget planning is: - establishing real sources of budgets of all levels;