Administrative and legal regulation of public financial activity

Regulación administrativa y legal de la actividad financiera pública

• Vyacheslav Tylchyk University of State Fiscal Service of Ukraine, Kyiv Oblast,, Ukraine. https://orcid.org/0000-0001-5964-3439
• Tetiana Matselyk National University of the State Fiscal Service of Ukraine, Kyiv Oblast,, Ukraine. https://orcid.org/0000-0003-0354-4663
• Viktor Hryshchuk State Tax University, Irpin, Ukraine. https://orcid.org/0000-0003-4621-4058
• Olena Lomakina Admiral Makarov National University of Shipbuilding, Mykolaiv, Ukraine. https://orcid.org/0000-0003-4397-5978
• Markiian Sydor Lviv State University of Internal Affairs, Lviv, Ukraine. https://orcid.org/0000-0002-5615-7766
• Yevhen Leheza University of Customs and Finance, Dnipro, Ukraine. https://orcid.org/0000-0001-9134-8499

DOI: https://doi.org/10.46398/cuestpol.4072.33

Keywords: financial activities, management bodies, administrative regulation, legislative bodies, international finance

Abstract

The purpose of the research is the basic characteristics of the management of financial activity in countries such as: France, Germany, United States of America, Great Britain, and Sweden. The organizational structure of financial management bodies was studied and the participation of state legislatures in financial policy was emphasized. Also, a review of materials and methods was carried out based on the analysis of documents for the regulation of public financial activity. The methodology included a comprehensive analysis and generalization of the available scientific and theoretical material, as well as the formulation of relevant conclusions. During the research, the methods of scientific cognition were used: terminological, logical-semantic, functional, system-structural, logical-normative, comparative. It is concluded that the participation of all the higher powers of government is fundamental in the formation and implementation of public policy in the field of finance; this requires a wide range of bodies and institutions exercising control over financial activities; concentration of financial management in a single-line ministry, as well as distribution among several ministries and a clear division of powers between financial management bodies, among other aspects.

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