Features of the development and implementation of the financial strategy municipal state-financed institutions

Financial strategy is the most important element of the development strategy of an economic entity, ensuring the implementation of all its functional strategies and the achievement of targeted strategic indicators through the effective formation, distribution and use of financial resources. The processes of formation and implementation of the financial strategy of commercial and non-profit organizations have fundamental differences due to the goals and specifics of their activities. The paper presents an overview of modern approaches to the definition of the financial strategy of an economic entity, forms the author’s definition of the financial strategy of a municipal state-financed institution highlights the specific features of the development and implementation of the financial strategy of this type of economic entities.