Abstract

The paper is devoted to the investigation of the questions connected with the directions of productivity
improvement of fiscal policy under present-day conditions. It is shown that for the correct and timely solution of
the problems standing before the policy of the budget expenses, it is required an exact and deep approach to the
essence, purpose and implementation method of the financial policy and its consisting elements. It is obviously
that study of practices of the other foreign countries which has the budget institutions that carries out a
successful activity can provide many advantages for the developing of more productive and transparent budget
system of the Republic of Azerbaijan. The practice shows that the separation of the financial policy from
economy results in serious economic difficulties and it restrains the realization of existent possibilities. The
scientific approach to the development of the financial policy is the main subject for its compliance with social
development regularity. Violation of this important demand may result in great loss in the national economy.

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