State social insurance budget: features and trends

Abstract

State social insurance budget is annual financial plan showing the constitution, distribution and use of financial resources required for the protection of pensioners, other disadvantaged persons, ensure employees and their family members. The economic content of the state social insurance budget is determined by the structure and social-economic order’s characteristics, the need for requirements of economic laws acting in the national economy, prerogatives and functions of the state. Development and execution of a separate state social insurance budget to the State budget is an important achievement because it allows resources to be fully used for the protection of citizens and any excess to relate per the coming years.