Kriuchkova, Nataliia M.Крючкова, Наталія МихайлівнаZhang, ZhiЧжан, Чжі2024-07-082024-07-082024Zhang Zhi. Effectiveness of the influence of fiscal mechanisms on the economic development in the short term / Zha Zhang // Збірник тез доповідей студентів, аспірантів та здобувачів – учасників 80-ї звітної конференції Одеського національного університету імені І. І. Мечникова (присвячується 159-й річниці університету). Секція економічних і правових наук (Одеса, 23–25 квіт. 2024 р.) / відп. ред. О. В. Побережець ; ред. кол.: О. І. Донченко, Є. І. Масленніков, А. Л. Святошнюк та ін. – Одеса : Олді+, 2024. – С. 235–237.https://dspace.onu.edu.ua/handle/123456789/38701Fiscal policy is reduced to economic regulation of the cost proportions of distribution and redistribution of gross domestic product through tax mechanisms and the formatio of centralized funds of financial resources of the state on this basis. If the level of tax exemptions from the income of economic entities increases, this reduces their opportunities and weakens incentives to increase investment, expand production, which suppresses aggregate supply and economic activity. If the cost of financing state consumption increases, this leads to an increase in nominal national income and total effective demand in the markets, which activates their conjuncture and to a certain extent contributes to the development of production. However, if government consumption is growing at a high rate and for a long time, then producers do not have time to respond with an increase in product supply, which provokes price increases and inflation. Tax policy measures are based on direct, non-equivalent withdrawals of financial resources from economic entities. Therefore, the stimulating effect of these measures on the behavior of economic entities requires a fairly careful, well-balanced application of them. The means of implementing the regulatory function of taxation should be justified and effective.enfiscal policyfiscal mechanismstax mechanismstax policy measuresthe regulatory function of taxationinflationfiscal revenue policytax regulation policymaximum revenue extractionArticle