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Contemporary Challenges of State’s Financial Policy in the Social Sphere

Author

Listed:
  • T.F. Romanova
  • A.V. Maksimov
  • O.V. Andreeva
  • M.O. Otrishko

Abstract

The article is aimed at determining the bottlenecks of contemporary state’s financial policy development in social sphere and their relevant solutions.The study’s goal is considering the financial support of social sphere in conditions of curbing the state funding and widening the private financial sources without lowering the standard of living.It justifies the factors of social costs’ growth by spotting the social expenditures’ reserves, by analyzing the background of non-government funding sources of social services and by defining directions for further social solutions.

Suggested Citation

  • T.F. Romanova & A.V. Maksimov & O.V. Andreeva & M.O. Otrishko, 2018. "Contemporary Challenges of State’s Financial Policy in the Social Sphere," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 387-396.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:special1:p:387-396
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    File URL: https://www.ersj.eu/dmdocuments/37.ROMANOVA_XXI_S1_18.pdf
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    References listed on IDEAS

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    2. Aleksandr SELEZNEV & Larisa CHEREDNICHENKO & May a DUBOVIK & Aleksandr SIGAREV, 2016. "Budgetary Policy as a Tool of Macroeconomic Regulation of the Economy and Social Sphere," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 7(7), pages 1845-1853.
    3. Marina Khmelnitskaya, 2017. "The social budget policy process in Russia at a time of crisis," Post-Communist Economies, Taylor & Francis Journals, vol. 29(4), pages 457-475, October.
    4. I.D. Anikina & A.V. Gukova & Ð .Ð . Golodova & Ð .Ð . Chekalkina, 2016. "Methodological Aspects of Prioritization of Financial Tools for Stimulation of Innovative Activities," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 100-112.
    5. O.B. Ivanova & T.F. Romanova & E.D. Kostoglodova & D.G. Romanov, 2017. "Strategic Directions of the Country's Ensuring Financial Security," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 461-468.
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    More about this item

    Keywords

    Social policy; funds of social sphere; funding sources; social expenditures; public-private partnership; social entrepreneurship. JEL Classification Codes: H40; H50; H51; H52; H53; H55.Read the Full Version here;
    All these keywords.

    JEL classification:

    • H40 - Public Economics - - Publicly Provided Goods - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs

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