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In order to develop and successfully implement the financial policy, the country needs financial mechanisms as elements of management and regulators of economic relations. A financial mechanism is an aggregate of methods used by the society to structure financial relations for the assurance of favorable conditions for economic and social development. The article reviews the essence of the financial mechanism, its role and special aspects of development in the market conditions, theoretical justification of approaches towards development of the financial support mechanism, the main areas of the financial policy of the state in the present-day conditions. The authors single out the main problems, the solution of which is the aim of the financial system of the state.
Chelpanova et al. (Thu,) studied this question.