Directions for Improving State Fiscal (Budgetary and Tax) Policy

At the present stage of innovative economic development, it is necessary to develop new approaches to state regulation in order to achieve sustainable economic development and address emerging challenges. The effective implementation of state fiscal (budgetary and tax) policy aimed at promoting economic development and increasing economic activity is a pressing issue that requires further study. The global pandemic experienced in recent years, along with the economic imbalances and significant challenges it caused, highlights the need to draw appropriate conclusions. State fiscal (budgetary and tax) policy aims to stimulate economic activity and address unfavorable economic conditions through the rational use of financial resources. The article presents proposals and conclusions aimed at promoting economic growth, enhancing investment and innovation activity, and increasing employment through the rational use of economic instruments of state fiscal (budgetary and tax) policy.