state, the historical stage of development, the institutional environment, and social
development strategy.
The result of effective state financial policy of social development in Ukraine for
certain periods should be raising people living standard and changing the indicators of
state financial support, directed to these goals (in time and in territorial terms).
The result of social development is high population living standard in the broad
sense. O. D. Gordey believes that the concept of "living standard" is more general
concept, and quality of life is the main component and qualitative characteristic of
living standard [7, p. 7-8].
Researchers note that the concept of "living standard" / "quality of life" has no
generally accepted formalized structure and standard set of indicators [7; 8]. The most
complete list of components of the level / quality of life used in developed countries is
given by M. Rouzhensky: income of the population; poverty and inequality;
unemployment and labor usage; demographic processes dynamics; education and
training; health, nutrition; living conditions, infrastructure, communication; resources
and state of the environment; culture, social relationships, family values; political and
social stability (security); political and civil institutions (democracy and participation)
[26].
Classifying the standard of living of a population to construct a model of its
financial support, O. D. Gordey distinguished "fast" and "slow" indicators [7, p.201].
The author refers to the "fast" ones that are responsive enough to socio-economic
changes in society: GDP per capita, average wages, per capita incomes, consumer price
index, average pension, per capita income, lower than living wage, aggregate
household incomes; to "slow", which characterize society development for a long
period of time included: expected life expectancy, infant mortality rate, morbidity of
the population, proportion of people who are studying, population security housing,
unemployment rate of non-consumer aggregate expenditures. It is necessary to agree
with the author, analysis and evaluation of "fast" indicators will provide an opportunity
to ensure the adaptability of social development financial system and financial
regulation to the socio-economic status [7, p. 203], corresponding corrective measures
of state financial policy of social development. However, we believe that speed of such
a response and effectiveness of public finance policy will depend on the speed of
information collection for calculations, actual calculations and the financial capacity
to implement corrective measures to overcome the negative factors in society. In
addition, such measures will be short-term and not aimed at the medium and long-term
prospects for sustainable development of society. Also, the indicators considered do
not consider the impact of such an important indicator as inflation level.
An important factor in ensuring the effectiveness of the formation and
implementation of state financial policy is to take into account the basic principles on
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