Financial System and its Component, as Factors of Economic Development of Ukraine.

Abstract

The article describes the economic essence of the financial system and its component, as factors of economic development of the country, which are to use the totality of economic relations in the sphere of formation of the appropriate structure of the system of new financial interconnections in order to create the proper conditions for balanced economic development. It is determined that economic development is a whole series of transformations and it is important to strengthen the role of the state in regulating many processes, to improve the quality level of management of the fiscal and monetary systems and to increase the efficiency of their coordination. At the same time, the country's financial policy has become more dependent on foreign economic factors, which necessitates further improvement of the financial system. An important task of the financial system is to ensure the optimal redistribution of all financial and economic resources, which is aimed at stimulating the development of the economy in Ukraine.