ФІСКАЛЬНА ПОЛІТИКА ЯК ІНСТРУМЕНТ РЕГУЛЮВАННЯ ВАЛЮТНОГО РИНКУ УКРАЇНИ

Ensuring the sustainable development of domestic economy is one of the main tasks of our state. In order to achieve the above goal, our government requires efficient fiscal policy that will optimally regulate the state's income and expenditure. In addition, fiscal policy contributes to the regulation of inflationary processes in our state, facilitates cyclical fluctuations in the economy and also reduces the unemployment rate in the state. Fiscal policy is as well a key tool for regulating the currency market. The purpose of the research article is to study the role of fiscal policy as a tool for regulation of the currency market in Ukraine. Features of fiscal policy implementation in Ukraine have been considered. It has been established that fiscal regulation of the exchange market of Ukraine is carried out using appropriate influence levers, namely tax and budgetary levers. It has been found out that the of exchange market regulation efficiency in Ukraine depends on the status and level of internal and external competitiveness of the national economy and on the state’s position in the world market. The main objectives of fiscal policy are: achievement of stable economic growth; reduction of economics cyclicality impact on welfare and living standards of the population; increase of employment rate by means of appropriate methods of motivation and stimulation; achievement of insignificant rates of the national currency inflation as well as ensuring the economic development of all regions of the country on an equal footing. It is worth pointing out that fiscal regulation is one of independent and at the same time standalone tools of the state policy. The research shows that the efficiency of fiscal tools is influenced not only by the structure and incentive system but also by the condition of the environment they will be used in.

Prospects for further research in the above-mentioned direction is more thorough research of fiscal instruments in the system of the Ukrainian exchange market regulation. Today, the key levers of fiscal adjustment of the domestic economy are budget expenditures, taxes, loans, and budget deficit.