THEORETICAL PRINCIPLES OF BUDGET PLANNING IN THE CONTEXT OF THE DIMENSIONS OF WORLD CONCEPT OF SUSTAINABLE DEVELOPMENT

Abstract

Budget planning of any state has its individual character. The efficiency and ef-
fectiveness of its implementation is rather important. Today, the world is facing quite a number of complex challenges and with the purpose of overcoming them the General Assembly of the United Nations (UNGA) has made a decision on a worldwide basis to implement the concept of sustainable development and to do that according to its economic, social and ecological dimensions. In September 2015 the UN General Assembly Resolution adopted 17 Goals for the implementation of sustainable development by 2030, which are positioned in the document as The Millennium Development Goals. One of the next steps should be their implementation domestically by the countries in planning their development. Research of «sustainable economic development» and «sustainable financial development» are highly important for the implementation of this global concept and its economic dimension. In its turn, one of the ways of effective implementation of these Goals is their introduction into the budget planning of all countries. One of the priorities of the present research is to focus on budget planning as one of the real tools of implementing the concept of sustainable development and its ideas worldwide
and domestically. Budget planning in any country should be based on the principles of world concept of sustainable development, taking into account features of national economy.
Key words: budget, budget planning, sustainable development, the concept of sustainable development, dimensions of sustainable development, sustainable economic development, sustainable financial development, The Millennium Development Goals.