Budget planning in Ukraine: modern state and prospects for improvement

The research is devoted to the study of the modern state of the implementation of the planning function. It is advisable to introduce the long-term and medium-term financial planning into the Ukrainian practice, which would cover all еру components of public finances including the state budget. The necessity of forming the theoretical, organizational, and normative-legal bases that will regulate the essence and order of planning for the future is substantiated. It is proposed to base strategic financial planning at the macro level on the assessment of resources and opportunities for their use, which will help to balance the public interest and financial potential of the country. It is determined that long-term budget plans should include the general indicators of the budget resource, needed for implementation tasks that is provided by the development strategy or program of the ruling party. The article analyzes the legislative norms, which regulate the implementation of the medium-term planning in Ukraine, and proves their declarativeness. The author expresses the view that the implementation of medium-term gliding financial and budgetary planning will promote a consistent state policy and increase the responsibility of managers to society. The paper formulates the proposals on the procedure for drawing up the perspective budget plans, also through the use of the information approach and the proposed indicators of social developmen. The author proves the need to establish the moratorium on making changes to the short-term budget plans that will allow the public to receive reliable information on their execution