INTERACTION OF SAVINGS AND SOCIAL POLICY IN THE CONTEXT OF SOCIAL REPRODUCTION

The article examines the relationship between savings and social policy at various stages of social reproduction and their impact on economic development and societal welfare. The role of savings is analyzed across the stages of production, distribution, exchange, and consumption, where social policy acts as both a regulator and a stimulator. It highlights how social policy influences the level of savings and how savings, in turn, support the economy and social programs. The article emphasizes that savings serve as both a prerequisite for economic growth and a result of successful social policy. The conclusion is drawn that the effective interaction between savings and social policy enhances system sustainability and reduces social inequality.