WAYS TO INCREASE AN EFFICIENCY OF FISCAL INSTRUMENTS FOR ENSURING AN ECONOMIC DEVELOPMENT OF REGIONS

The article analyzes the fiscal instruments for regulating the economic development of the principles of openness and transparency regions. Fiscal instruments for regulating the economic development of the regions have been considered and analyzed. The opinions of scientists on the use of fiscal policy instruments and its role for regulating the economic development of the regions have been studied. It is noted that fiscal policy acts as a regulator of government expenditures and taxes, and only a correct use of fiscal policy instruments leads to stable development of regions.It is concluded that the high level of tax burden on private entrepreneurship hinders business development, which and it is reflected in the revenues of the budget. Therefore, it is necessary to organize proper management of socio-economic processes and observe the principles of openness and transparency in the implementation of fiscal policy. First of all, this is ensuring of access for economic entities to information on the goals of fiscal policy, measures taken to increase budget revenues and reporting on budget expenditures.