Within the article, a comprehensive study of the state budget deficit in the Central and Eastern Europe (CEE) countries is presented, the effectiveness of managing it is determined. Considerable attention is paid to the deepening of methodical aspects of the assessment of trends in the formation of revenues and expenditures of the identified budgets, the algorithm for defining the deficit of the budget is detailed and it is tested in practice. The obtained results provide an opportunity to establish that the size of the state's deficit depends in part on the economic development of the state and at the same time, its existence can have a positive effect on the growth rate of the national economy. In order to establish the peculiarities of such interaction, a comparative analysis between the deficit ratio of the state budgets and the level of GDP in the CEE countries is carried out. The study confirmed the thesis on the correlation between these indicators and it was also possible to determine in the long run (2007-2017) how these parameters changed. It is established that the accelerated pace of GDP growth with simultaneous growth of the state budget deficit is an indicator of its effective management, as economic growth allows for new, unplanned revenues and other incomings that will reduce the size of the gap between revenues and expenditures of such a budget. In turn, in case of rapid growth of the deficit against the backdrop of insignificant growth rates of the country's GDP, it shows that some of the country's financial resources are spent inefficiently and are not used to stimulate economic development in the state. In this case, the funds are spent on the social sphere maintenance, raising the level of economic provision of citizens of the state. However, such processes can take place only in the short term, since the deficit itself will need to be further covered by other revenue items of the budget. Taking into consideration the outlined, it is stated in the article, that improper management of the state budget deficit may have long-term negative consequences for the functioning of the entire national economy, and their solution cannot be implemented quickly.

Urgency of the research. Management of the budget process, namely an assessment of the efficiency of the redistribution of funds in the economy, the timeliness of funding of government commitments and targeted programs, requires scientific substantiation and determination of criteria for which it would be possible to evaluate and compare its efficiency. Target setting. Proposals for improving the complex methodology to assess the budget process in Ukraine are being developed. Actual scientific researches and issues analysis. The works of the following authors are devoted to the study of the efficiency of the budget process: Apatov N.V., Medzitov R.Sh., Bugay T.V., Frolov S.M. Uninvestigated parts of general matters defining. Scientists pay a lot of attention to particular issues of the budget process, while the problem of evaluating its efficiency is largely ignored. The research objective. The article is aimed to give a comprehensive assessment of the efficiency of the budget process in Ukraine with the help of the point rating method. The statement of basic materials. Qualitative and quantitative indicators that objectively determine the effectiveness of its organization are studying while evaluating the efficiency of the budget process. According to the analysis, the budget process of 2016 is defined as more effective compared with previous years. Based on the chosen methodology, the sum of the points scored in this period was 36, which is 66,6% of the maximum possible. Conclusions. However, a number of problems related to strategic budget planning, violation of deadlines for review and approval of budgets, ineffective use of budget funds, have to be resolved in a future. The survey confirms a necessity to give a comprehensive assessment of the budgetary process in Ukraine, aimed to provide efficient use of budgetary resources.

The purpose of the article is to study the impact of digitalization on the innovative strategy of the enterprise development in the context of ensuring economic security. Within the article, peculiarities of the digitalization development in Ukraine are examined. The main obstacles that hold back the development of innovative technologies and digital platforms in Ukraine are identified. The problems of the country's industrial development and the difficulties of implementing the principles of the digital economy in the existing conditions are substantiated. It was determined that industrial development of the country is decreasing, which leads to a low level of digitalization and innovative development of industrial productions and reduces their level of economic security and competitiveness. The impact of digitization on the innovative development of industrial enterprises was considered based on the calculation of efficiency indicators of the innovative activity for selected systems of the production process. Based on the calculations made using the correlation-regression analysis, the influence of the selected factors on the resulting indicator was determined. The areas that influence slowing down of the digital development process of industrial enterprises are singled out.

The essence of pensioners social protection is investigated and its composition is revealed. The dynamics of the state budget expenditures on pensioners social protection is analyzed and the reasons for Фінансове забезпечення соціального захисту пенсіонерів як основної складової соціальної політики держави 108 ….….

У статті здійснено дослідження теоретичних аспектів бюджетного дефіциту. Основну увагу акцептовано на з’ясуванні необхідності управління дефіцитом державного бюджету. Охарактеризовано сутність бюджетного дефіциту та визначено особливості дослідження цього явища в економічній науці. З’ясовано, що бюджетний дефіцит – це особливе економічне явище, яке характеризується в різних аспектах і не обов’язково є чимось надзвичайним та негативним, оскільки причини виникнення, форми прояву та економіко-політичні наслідки дефіциту в кожній державі мають свої особливості. Саме тому управлінцям сьогодні потрібно більшу увагу звернути на ефективне використання залучених ресурсів, ніж на абсолютне збалансування державного бюджету. Обґрунтовано, що управління дефіцитом державного бюджету нерозривно пов’язано з такими категоріями, як доходи і видатки державно-го бюджету, державний борг, валовий внутрішній продукт. Актуальність обраної теми підтверджується тим, що розбалансованість бюджету спричинена неефективною видатковою політикою уряду, яка повинна бути нерозривно пов’язана із фінансовими можливостями бюджету. Непослідовність у проведенні соціально-економічних змін, перманентні політичні суперечності й несприятлива економічна кон’юнктура загострили проблеми в системі державних фінансів. Залучення значного обсягу додаткових фінансових ресурсів призвело до накопичення державного боргу, який переважно характеризує стабільність фінансової системи України на внутрішньому ринку і міжнародному рівні. Саме тому дослідження в цьому напрямку стимулюватимуть якісне оновлення підходів до розуміння сутності цього явища й формування новітніх принципів бюджетного менеджменту у сфері управління дефіцитом державного бюджету. Доведено, що проста відмова від дефіцитності бюджету в умовах кризових явищ в державі не призведе до стабілізації системи державних фінансів та економічного зростання.