The purpose of the research is to determine the directions of increasing the financial potential by using the most advanced and improved methods of ensuring the effectiveness of the financial system in fiscal policy.
The methodology of the research - comparative analysis and grouping methods were used in order to analyze the financial potential, taking into account its quantitative and qualitative components.
The practical importance of the research - the results of the research can be used in solving practical problems related to increasing the financial potential and in preparing appropriate strategies.
The results of the research - based on the analysis of the current state of the financial potential in the country from a macroeconomic point of view, the possibilities of increasing the financial potential and the efficiency of its use have been determined in the context of uncertain processes occurring on an international scale and fluctuations in the financial system.
The originality and scientific novelty of the research - ensuring the effectiveness of the financial system in the conditions of sustainable development of the economy is closely related to the formation of the financial potential and the opportunities to use it effectively. In this regard, the development of financial potential is related to different economic processes, and fluctuations in the international financial system have a serious impact on the financial potential of countries and the efficiency of its use. Taking into account the above-mentioned, suggestions have been made regarding increasing the possibilities of meeting the financial resources of subjects in various economic spheres and eliminating the risks that may arise in this area.
Keywords: fiscal policy, financial potential, efficiency, taxation, financial markets.
Mustafayev Rəşad Arzuman oğlu