State regulatory policy: essence and principles of formation

The article justifies theoretical grounds of the state regulatory policy. It identifies that the regulatory policy is considered by scientists from the legal, state administrative and economic points of view. It conducts analysis of scientific literature devoted to mechanisms of formation and realisation of the state regulatory policy. It generalises results regarding definition of the "regulatory policy" term. The article underlines that the use of tax instruments should become the main tool of state regulation of economy, which is directed at stimulation of legal economic activity of economic subjects and de-shadowing of business. It analyses principles of regulatory policy, which are defined by the legislation, and also principles, which are added by scientists. The author justifies and adds principles of regulatory policy with consideration of modern tendencies of economic development: principle of scientific justification and principle of competence.