The article analyzes the main policy documents, the subject of regulation of which is to ensure the implementation of the economic function of the state. The authors substantiate the conclusion that methods of improving administrative and legal support for the implementation of economic functions by the state should be directly related to budget deconcentration, delegation of functional powers of central executive bodies to the level of local self-government, establishment of an effective system of administrative services in the field of economics and appropriate legislative strengthening of administrative procedures.It was emphasized, that the objectives of the European administrative-legal space are the focus on strengthening the single internal market of the European Union; minimization of administrative barriers; unifying the legal framework and enhancing the cooperation of the member states of the European Union for deeper economic interaction. The development of such characteristic features of the European administrative and legal support for the fulfillment of the economic function by the state, such as the predominance of methods of economic incentives, including tax burden reduction, deregulation, and an effective network for the provision of administrative, including consulting services, is identified. It has been substantiated, that the ways to improve the administrative and legal support for the implementation of the state’s economic function consist in reducing the administrative burden of state regulation in the field of economy and improving the quality of administrative services. The successive steps on the chosen path should be the adoption of the Law of Ukraine “On Administrative Procedure”, which will ensure transparency of the procedure for administrative decision of individual cases; expanding the arsenal of methods to protect the rights and freedoms of individuals in public law relations through alternative (extra-judicial) methods of handling cases; legislative consolidation of the electronic form of treatment as a type of administrative complaint to meet the requirements of the modern information society; decentralization and privatization of state functions in the field of public service administration