Impact of the relation between monetary and fiscal instruments on the formation and use of public financial resources in the Republic of Kazakhstan

Impact of the relation between monetary and fiscal instruments on the formation and use of public financial resources in the Republic of Kazakhstan. In modern conditions for the regulation of the economy, the use of monetary and fiscal instruments is important. The article discusses their complex impact on the economy in the republic. Based on the analysis of statistical materials, certain shortcomings were identified in the mechanism of using fiscal tools to solve socio-economic problems. The paper substantiates the proposals to improve the efficiency of the use of budget funds, to form and manage the financial resources of the republic based on the balance of financial resources. This will provide a link between fiscal policy and monetary policy and, based on this, will allow us to analyze the patterns and trends of natural-value proportions. This is the development of the medium-term fiscal policy of the government of the Republic of Kazakhstan for 2020-2022, restrictions for second-tier banks on the purchase of government securities on the stock market and their participation in the foreign exchange market. At the same time, it is advisable to review the reduction of the basic lending rate in the republic. The current structure of expenditures is not aimed at developing the economy, as well as expanding the volume of demand. In this regard, it is necessary to review spending priorities with a further reduction in the budget deficit and a reduction in the cost of servicing and repaying loans. All these proposals contribute to increasing the tax base of local Executive bodies, as well as improving the effectiveness of the impact of fiscal and credit resources on the economy of the republic.

финансовые ресурсы, регулирование экономики, дефицит бюджета, бюджетные средства, фискальная политика, приоритеты расходов, financial resources, economic regulation, budget deficit, budget funds, fiscal policy, spending priorities, қаржы ресурстары, экономиканы реттеу, бюджет тапшылығы, фискалдық саясат, шығыстардың басымдықтары

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