THEORETICAL AND METHODOLOGICAL PROVISIONS OF THE FUNCTIONING AND TRANSFORMATION OF THE STATE REGULATION SYSTEM OF HOUSEHOLDS’ SAVINGS

Abstract

State regulation of economy is an integral part of the country’s economic policy, as it makes it possible to achieve strategic and tactical goals based on the interference in economic processes. In current conditions, state regulation of economy is a system that reflects relations in virtually all spheres and branches of the national economy. A special role in the state regulation system of economy is played by the subsystem of influencing economic behavior of households by various methods and tools to form the desired model of it. First, the issues of regulating savings of these economic entities within the national economy remain important, which form the basis of the country’s investment development, which is due to a significant number of these resources, and maintaining large share of them in an unorganized form.

Within the article, theoretical and methodological provisions of the functioning and transformation of the state regulation system of households’ savings are researched. The essence of this system, its purpose, functions, properties and other system features are also considered. This made it possible to deepen theoretical aspects of the state regulation system of households’ savings, to specify the directions of its functioning in a scholastic economic environment. It is also established that the existence of the outlined system is objectively necessary for effective implementation of the national strategy of economic development, since it is households that form the institutional basis for the national economy existence.

Based on the consideration of the principles of state regulation of economy, the analysis of the key principles of the mechanism functioning for transforming households’ savings into investment resources, principles of the state regulation system of households’ savings were specified. These principles were divided into three groups, namely: principles of formation, principles of functioning and principles of development, the essence of each of the outlined groups is substantiated, and principles related to each of them are specified.