Indicators of the central government budgets were analysed in the article with use of calculation of shares of various categories and subcategories of revenues for the purpose of identification of structural features and the directions of structural transformation of budgetary revenue at central level of public administration in the federal countries from 2000 till 2015. The similarity and distinction of structures were revealed during the cluster hierarchical analysis and calculation of the Ryabtsev index. It is proved that there is no unambiguous interrelation between federal type of governance and sources of revenue of central budget. It was also revealed that budgetary revenues in the developed federal states were stabler whereas the most essential structural changes were noted in the countries with emerging economy, and the common phenomenon was distribution of receipts from taxes on income and profit and also taxes on internal operations with goods and services between budgets of various levels and also fixing taxes on the international operations to the central budget. It is found that significantly the tendency to changing in level of fiscal decentralization in federal states is not observed, except for the Russian Federation, in which financial autonomy of regions and local authorities testifies more likely about financial (so -and administrative) centralization. Keywords IntroductionThe choice of rational quantitative parameters and qualitative characteristics of the budgetary policy is one of the major government decisions which define the prospects of development of national economies in the long term. The volume of revenues to budgets of various levels as well as financial capacities of governments in the solution of tasks of public administration and ensuring countrie's financial sovereignty depend on revenue structure, types and rates of taxes, an order of tax base calculation, income from state ownership and providing administrative services etc. On the other hand, the level of a tax burden, model of financial behavior, comparative effectiveness of state and municipal property management, an order of distribution of tax and non-tax revenue between budgets of various levels influence health of economic climate, sharpness of political conflicts within the country between the center and territories, define degree of political responsibility of the power to electorate and conscientiousness of tax and budgetary discipline.The fundamental and complex problematic character of groundation of rational combination of the principles and the purposes, requirements and opportunities, level of fiscal decentralization and neccessity of strengthening control for accumulation and use of financial resources forces both the academic and bureaucratic elite to look for the decision in historical experience and to pay attention to other states' success stories. The specified circumstances encourage drawing closer attention to realization of various national approaches to creation of the budgetary system, fi...

The role of reporting and statistics as a component of measuring the progress of sustainable development is constantly growing. Economic thought is increasingly based on the concept of wealth - the base of assets, as the foundation of creating well-being and aims to measure it, determine the size of investment attractiveness, and present it in analytical tables and reports as a component of modern business reputation. The approach of the World Bank involves the assessment of wealth according to three components: natural capital, manufactured assets, human assets. It was established that the national statistical methodology refers to the value of national capital: residential, non-residential buildings and structures, land and rights to natural resources, machinery and equipment, cultivated and intangible assets. At the same time, natural and human capital is not fully represented in the national wealth of Ukraine. Therefore, the goal of monetary measurement and capitalization of national wealth is seen as the direction of further development of the theoretical foundations of accounting. Accounting functionality is worth it to be defined as a macroeconomic tool for the capitalization of national wealth. The potential of a business entity, in our opinion, should be considered in the accounting field as a set of resources enterprise, which, depending on the type, is or is not an object of accounting and participates in the formation of the value of the enterprise. The methodological task for the formation of the policy of accounting capitalization is the generalization and certain ordering of the branches of the economy, in relation to which it is necessary to have separate sectoral norms of accounting and statistical reporting. Such a generalization should be based on industry factors that shape the value of products in the industry, the presence of specific accounting objects, principles of adaptation of existing accounting tools for specific business conditions. Economic services and management of enterprises can influence the level of capitalization of the enterprise due to the development of innovative accounting and financial technologies, proper presentation of the natural and economic potential of Ukraine in the global information space.

The development and continuous complication of financial instruments through the integration of technology and management methods lead to an increasing role of financial engineering to ensure the efficient activity of enterprises. The use of financial engineering at the present stage allows business entities to comprehensively solve the most pressing problems, from the liquidity crisis and to the lack of resources to implement long-term goals. In view of the fact, this direction of research has not yet received wide distribution in the domestic scientific literature. Thus, the definition of the conceptual foundations for the functioning of the financial engineering system in combination with the refinement of its essential characteristics is an urgent scientific task. The purpose of the article. The article aims to justify the conceptual provisions of financial engineering as an independent scientific and practical direction of economic research. Methodology. Methodological principles on which the study is based contain the application of a set of universal scientific methods and specific methods of scientific knowledge, including: the method of scientific abstraction in determining the characteristics of the innovative component of financial engineering; the method of system-structural analysis in justifying the diagnostic functions of the financial engineering of an enterprise, and the method of analysing time series when assessing the development of the options market in Ukraine. Value/originality. The article describes the essence of financial engineering. It is substantiated that financial engineering is to create innovations in the form of financial products, processes, technologies, and institutions in order to obtain financial benefits from their practical use in the activities of the enterprise. The fundamental difference between the concepts of “financial management” and “financial engineering” is disclosed. The characteristics and theoretical significance of financial engineering as independent scientific and practical areas of economic research are analysed. Modern approaches to the definition of objects, methods, information base, and the results of financial engineering are systematized. Financial engineering is considered as the process of designing, developing, and implementing innovative financial instruments. The characteristic of using financial engineering is given on the example of options trading. The features of the development of the options market in Ukraine are analysed. It was determined that the development of the domestic options market requires first of all the formation of practical skills in the use of derivative financial instruments by financial engineering methods.

Introduction. The tourist industry is a priority in the strategic development of a region. The main problems of research in the field of marketing tourism services are the essence and role of marketing in the development of the tourism industry, including the process of marketing management, types of strategies and marketing plans. The purpose of marketing tourism services is to attract as many customers as possible to the business entities, while providing them with the highest quality of service and guaranteeing their full satisfaction as part of the basic and expanded product. Aim and tasks. The purpose of this article is to study specifics and the complex nature of marketing in the tourism industry. Results. In the modern period of functioning of the economy, the service industry is developing very dynamically. In connection with this, the specificity of marketing used in travel services is also changing. The article analyzes the models of state regulation of the tourism industry. World practice separates the four models of state regulation of tourism industry. Eligible for the development of the tourist industry of Ukraine is the third "European" and fourth "Mixed" model, based on solid cooperation between the state and private business, i.e. the presence of central executive authority, recognition tourism is a priority area for the country. It is proved that the main positive point in introducing these models is that the State acts as the coordinator for the development of the tourism industry. The essence and features of the concept of "tourist demand" and "tourist offer" are also analyzed. Established in the tourist marketing system of continuous coordination of services in the marketing process with those that are in demand in the market, and which are planned to be introduced to the market with greater profits than competitors do. Conclusions. After analyzing the current concepts of marketing in tourism, we came to the conclusion that it is necessary to consider them through the concept of marketing interaction, that is, when using social and communication techniques to enhance marketing activities in tourism. Having reviewed the model of state regulation of tourism development, it was noted that it is European model of state participation in the development of the tourism industry is acceptable for Ukraine. It would be wise to develop a model tourism management in Ukraine and its regions that will meet the peculiarities of country and will make it possible to work effectively at this stage of development of tourism in Ukraine. With regard to public relations tools as a general form of promotion of travel services, they are quite popular among tourists. However, the state needs to pay special attention to the development of recreational areas, and other areas of tourism in Ukraine.

Sustainable development of the country's economy depends on the level of innovation of each enterprise. Enterprises have an unsatisfactory level of innovative development and their strategies do not meet the goals of sustainable development, which is a consequence of many years of erroneous approaches to the management of enterprises and the country's economy. In modern conditions, venture investment is able to overcome the negative trends caused by insufficient funding, low level of interest of business management in innovations with a high level of risk. The paper substantiates the relevance of attracting venture capital for the development of innovative activities of enterprises. It is analyzed how venture investment differs from the usual. The current state and trends of venture investment in Ukraine have been carefully studied. Problems and obstacles to the functioning of the domestic venture business have been identified. Based on the obtained research results and taking into account the best foreign experience, a comprehensive step-by-step technology of attracting venture capital by innovative enterprises on the basis of sustainable development has been formed. The stages of venture financing and the activity of a venture company in general, mechanisms and incentives for increasing interest in the implementation of innovations in accordance with the goals of sustainable development at the enterprise level are considered. The influence of venture entrepreneurship on the innovative activity of companies is investigated. Also, attention is focused on how the venture manager manages the organization. The ways of formation, disadvantages and advantages of using venture capital at the globalized stage of development as a means of promoting new products and technologies on world markets in the context of sustainable socio-economic development are proposed. The paper considers the current state of venture investment and identifies areas for further development in the development of socio-economic system.