FEATURES OF FINANCIAL MANAGEMENT IN FOREIGN COUNTRIES

Abstract

Problem setting. Exploring the financial system in the community, emphasize that the organization of financial management in our country is different from the same management in foreign countries. Target of research. The problems of finance in the literature investigated a significant number of scientists, including: YM Vorobiev, VP Gorin, V. Ivanov, MI Carlin, TO Kizima, AP Kirilenko, NY Kravchuk, LA Mirgorodska, OA Music- Stefanchuk, IJ Sofischenko, V. B. Tropina and others. Article’s main body. This article identifies the key features of financial management in foreign countries, such as France, Germany, United Kingdom, Sweden. Organizational structure of financial management in foreign countries, emphasized the participation in the implementation of financial policies legislative bodies of the government and the president to the author of the main features offered include: active participation of all branches of state government in the formulation and implementation of state policy in the field of finance; a wide range of agencies and institutions that supervise the financial activities; concentration of financial management as one ministries and in the distribution between several ministries, a clear separation of powers between the financial management and so on. Conclusions and prospects for the development. In conclusion we note that financial management in foreign countries is based on the close relationship between the highest state authorities, precise ordering of social relations in this field, impartial distribution of functions between the various public authorities in the implementation of monetary policy, which in its turn, is the result of effective financial policies in these countries.