Fiscal Management: Methods and Principles

The purpose of the fiscal state management is to ensure a stable fiscal balance, also to achieve long-term balanced by the taxes of all its functions under implementation procedures and fiscal process elements , and to optimize the flow of input and output tax. The central place in the structure of fiscal state management is assigned to optimizing the tax flows through applying the effective administrative decisions in the domain of tax revenue, tax expense and use of tax benefit. The fiscal management should be based on three basic principles: equity; predictability; efficiency. Also, fiscal management is a process conducted entirely by fiscal management principles and fiscal planning and forecasting, tax law, tax audit, accounting and tax revenue analysis. However, fiscal management is based on general principles, implementation of which is achieved through concrete principles applied in the work of tax administration subjects.