Importance of Public Finance Management

The essence, structure and functions of state finance are analyzed in the article. Public finance plays an important role in providing economic, social, political and environmental tasks of the state with financial resources. Its main components are the state budget, extra-budgetary funds, state credit and state enterprise finances. The system of republican and local budgets, their interdependence, the distribution of budget revenues and expenses, and the issues of financial independence of local authorities are discussed. Also, state credit and its role in ensuring economic stability will be covered.