Appropriate Budgetary Policy for a Changing Economy

The XXI century's contemporary challenges and crises indicate that fiscal policy is an appropriate tool for countercyclical regulation, ensuring sustainable economic growth social justice. In this regard, society's requirements the quality of budgetary have changed, which has shifted focus in setting goals choosing tools its implementation from position principles fair distribution income. analysis allows us to conclude ensure proper policy, objectives must correspond strategic developing public law education, coordination monetary necessary. To achieve justice, author article propose differentiate instruments inter-budgetary reallocation funds depending on level debt sustainability regions use targeted grants motivate authorities entities socio-economic development. shows improvement formation mechanism state programs national projects budget efficiency growth, it necessary monitor compliance tax expenditures subsidies with target indicators programs.