Keyword: «intuition»

The article examines the impact of various subjective factors on the financial policy (FP) of the state, by which we mean actions dependent on people that lead to changes in either the process of its development, or its content, or the course of its implementation and, consequently, its results. The main goal of this work is to develop a new approach to the analysis of the FP. Its essence lies in the study of the influence on the FP of the main subjective factors arising from the use of such methods of making managerial decisions as intuition, empiricism and scientific approach. In other words, the three above methods, after they begin to be implemented in practice, automatically create the corresponding factors influencing the FP. The article discusses the positive and negative aspects of each of them. On the basis of this analysis, the opinion was expressed that a more organized and more purposeful transition to a scientific approach is needed in the conduct of the state's financial policy by reducing the share of intuition and empiricism. At the same time, of course, it will take some time, perhaps even a long time, to switch to a predominantly scientific approach to the development and implementation of FP. Therefore, it is important to present this work not as another short-term or even medium-term one-time event, which should give a noticeable result in the near future. It is necessary to tune in to long-term painstaking work aimed at constantly identifying, studying and solving the problems of applying the scientific approach, as well as replacing the still existing mechanisms of intuitive and empirical methods in conducting financial policy.

The work is a logical continuation of two articles published earlier, in which we investigated a set of issues related to the influence of objective and subjective factors on the implementation of the financial policy (FP) of the state. At the same time, since they can affect the FP in parallel, their joint action, of course, gives a new additional effect. In this regard, the main purpose of the article was to, based on the analysis of the simultaneous impact of the main objective and subjective factors on the financial policy of the state, to find previously unknown and therefore not applicable additional areas of its research, and then, based on the results obtained, open up additional opportunities for developing new ways to improve the FP. The publication may be of interest to economists who are engaged in the study of theoretical issues of development and implementation of the state's financial policy.