On the implementation of state financial policy in the context of modern challenges

Large-scale processes not only change the nature of conceptual directions of national financial policy, but also the interaction of countries in the field of international economic relations, which requires serious consideration both based on well-known theories and through testing relatively new concepts, and transform the nature of tax policy implementation both at the global and national levels. The article presents theoretical and practical aspects of the implementation of state financial policy in the context of macroeconomic challenges and sanctions restrictions in the context of achieving technological sovereignty. The purpose of the study was to study the directions of modern state financial policy, as well as to identify trends in the choice of instruments and measures aimed at structural transformation of the economy and technological sovereignty. The key systemic elements of the concept of public finance in new realities are studied. An assessment is proposed based on a criterial analysis of the implemented measures of state financial policy from the point of view of the compliance of the measures with certain characteristics. A conclusion is made about the need to approve an assessment algorithm for methodological support of the measures taken and the instruments used in order to make decisions on their extension, fine-tuning or cancellation within the framework of the activities of executive authorities. A conclusion was made on the need to monitor the income and expenditure management system, as well as off-budget operations, in order to identify the degree of influence on budget parameters.