The article considers the main elements of the system of checks and balances, one of the indicators of democratic development. Due to the peculiarities of modern political transformations in the world, which require new approaches to the understanding of the system of checks and balances in the political sense, are emphasized. Based on the analysis of the political practice of democratic states, the key features of the checks and balances system elements are shown. According to this, the main dimensions of the functioning of the system are outlined and the problems that may arise in each of them are described.
The system of checks and balances is considered to be the multidimensional phenomenon. The main attention is paid to the functional filling of the system of checks and balances and its understanding cannot be reduced to the sum of its elements. The right of veto, the right of legislative initiative, the vote of no confidence, impeachment, countersigning, the appointment of key officials are emphasized to be the key elements of the checks and balances system. Their basic peculiarities and role they play in the functioning of the system are analyzed. It is emphasized that Ukrainian practice of the checks and balances system functioning has a problem with legislative consolidation and practical implementation. Based on the structurally functional approach the elements of the system of checks and balances are proved to be a basic guarantee of democratic governance.
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