Republican budget expenditures and their social efficiency in the Republic of Kazakhstan
Abstract. Budget expenditures represent the expenditure obligations of the government in monetary form, financed by the budgets of the budgetary system and effectively used for established purposes, corresponding to the functions and tasks of the state. The redistributive function of budget expenditures is an inevitable consequence of the failures of the market economy. The stabilization function of budget expenditures is realized in the process of directing them to investments in fixed assets. The state purchases of raw materials, materials, equipment, technologies, as well as the creation of jobs associated with the investment expenditures of the budget allow achieving the goals of macroeconomic and social equilibrium. Budget expenditures play a certain role in the process of indirect impact on business, performing a regulatory function. In order to effectively perform the redistributive, stabilization and regulatory functions of budget expenditures, the government is required to develop effective mechanisms for their financing, a system of current and subsequent financial control over the targeted and effective use of budget funds. The predominant share of expenditures in Kazakhstan falls on the republican budget. Republican budget expenditures are characterized by positive dynamics. The structure is dominated by social security spending. In such areas of expenditure as healthcare, agriculture and law enforcement, the quality (result) of public services is not determined by the dynamics of budget expenditures.
Keywords: budget expenditures, functions of budget expenditures, expenditures of the republican budget of Kazakhstan
Highlights:
♦ budget expenditures, performing redistributive, stabilization and regulatory functions, are the most important factor of positive economic dynamics and social equilibrium;
♦ in order to effectively perform the redistributive, stabilization and regulatory functions of budget expenditures, the government is required to develop effective mechanisms for their financing, a system of current and subsequent financial control over the targeted and effective use of budget funds;
♦ the hypothesis that the quality (result) of public services is directly proportional to the dynamics of the corresponding budget expenditures in Kazakhstan has not been confirmed.
Samal A. Mashanova, West Kazakhstan University of Innovation and Technology, Uralsk, Republic of Kazakhstan