Budget deficits and public debt of Ukraine under the shocks of pandemic and military aggression

Bogdan, Tetiana; BOHDAN, Ivan

doi:10.33763/finukr2023.05.007

Cited by 3 publications

(1 citation statement)

References 13 publications

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“…бюджет України на 2024 р.) суттєвих скорочень [2]. На жаль, такий перерозподіл ресурсів є необхідністю сьогодення.…”

Section: The Library As a Platform For The Organization Of A School O...unclassified

Бібліотека Як Платформа Для Організації Школи Соціального Підприємництва В Умовах Цифрової Трансформації Суспільства

Коваленко

2024

МіР

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У статті розкрито сутність поняття “соціальне підприємництво”. Автор окреслює зміст програми підготовки до соціального підприємництва який включає когнітивну (знання з філософії соціального підприємництва з вивченням попереднього досвіду успішних і неуспішних соціальних підприємств; особливості реєстрації соціальних підприємств в українському правовому полі; знання з теоретичних основ маркетингу соціальних послуг; менеджменту соціального підприємництва; фандрейзингу) і діяльнісну компоненти (навички: комплексного дослідження ринку соціальних послуг і розробки та впровадження стратегій маркетингу у практику соціальної роботи, оформлення і презентація ідей, розробки структури соціального бізнесу, пошуку джерел фінансування для реалізації своїх ідей, акумулювання фінансових та матеріальних ресурсів, ефективного планування і розподілу всіх наявних ресурсі, організації соціального підприємства; мотивації працівників соціального підприємства на виконання загальної місії; контроль за цільовим використанням зібраних ресурсів). Визначено бібліотеку як платформу на якій може проводитися підготовка до соціального підприємництва. Автор також визначає цільову аудиторію, на яку може бути спрямована програма підготовки.

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Section: The Library As a Platform For The Organization Of A School O...unclassified

Бібліотека Як Платформа Для Організації Школи Соціального Підприємництва В Умовах Цифрової Трансформації Суспільства

Коваленко

2024

МіР

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Conceptual framework for managing debt financing of public budgets

Kudrjashov

2024

Fìnansi Ukr.

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Introduction. Overcoming the consequences of the COVID-19 pandemic and full-scale Russian aggression against Ukraine caused the destruction of a stable system of managing financial flows not only in our country, but also in many states. Market and regulatory mechanisms for mobilization and the use of financial resources were undermined. Fiscal consolidation measures were changed in favor of expansion. The need to increase the resource base on the basis of state debt has intensified. The use of standardized approaches in the field of fiscal policy did not make it possible to limit risks under new conditions. The task of implementing new conceptual approaches to the management of public budget financing based on the use of debt instruments has arisen. Problem Statement. An increase in debt financing of public budgets helps to expand the volume of resources for the implementation of state plans. At the same time, the pressure on the financial system is growing, which requires making significant changes to the formation of the structure of debt instruments, their placement on domestic and foreign financial markets, attraction of resources on preferential terms from foreign partners, fulfillment of repayment and servicing obligations, refinancing and restructuring of loans. Determining rational management decisions on these issues involves the development of a conceptual framework for public debt financing. The purpose is to study the formation of a conceptual framework for managing debt financing of public budgets and their use in the practice of public administration. Methods. Research methods are used: historical, logical, abstraction, description, generalization, comparison, grouping, analysis and synthesis. Results. The adoption of the debt framework guides the definition of debt strategy, debt management goals, indicators of its volume and structure, debt management tasks, as well as mechanisms and tools for their implementation. The debt strategy reflects the orientation of the debt policy, the goals of public debt management for long and medium-term periods, its indicators, the use of tools and mechanisms for achieving the adopted goals, the formation of the debt portfolio for the specified terms, the classification of risks of government debt management taking into account their impact on the performance of state budget, the application of refinancing and restructuring mechanisms for state liabilities. Conclusions. The conceptual framework for managing debt financing of public budget is an important guiding document aimed at taking into account the conditions for placing debt obligations among investors (state institutions, non-state depositors, non-residents), access to international financial markets, cooperation with international organizations and financial institutions, acceptance of debt portfolio (the structure of state budget financing), built according to types of debt instruments, sources of financing, currencies of loan repayment and servicing, repayment terms, loan servicing rates and debt refinancing. The development and implementation of the conceptual framework for the management of public debt transactions is important for Ukraine. In the conditions of overcoming the consequences of the war and post-war reconstruction, it is necessary to apply a comprehensive approach to the formation, distribution and use of resources raised on the basis of the use of public debt instruments.

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Financing the deficit of the State Budget of Ukraine in the prism of the marital state

BILORUS,

BALAKIN,

UKHNAL

et al. 2023

Nauk. pr. NDFI

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As a country that faces constant economic turbulence, Ukraine is dealing with several challenges. This includes a significant increase in the deficit of budget resources while needing to finance military expenses, all while trying to maintain macroeconomic stability. This article focuses on the specifics of financing the deficit of the state budget of Ukraine during martial law. The financing of the state budget deficit is analyzed in terms of the classification of budget financing by the type of creditor and the type of debt obligation. These indicators were significantly affected by the military challenges in 2022 and the first half of 2023. The article also covers the budget deficit’s coverage analysis at the expense of revenues from the privatization of state property and the issuance of military government bonds, which gained popularity in Ukraine. The authors emphasized the importance of cooperation between the state and IFIs and other institutions as an essential source of financing for overcoming the deficit of the state budget. This form of cooperation is necessary for maintaining the country’s financial stability and resilience to face complex challenges. The article examines the measures to cover the budget deficit in military conditions, including the need to carry out budget system reforms, cost optimization, searching for new sources of income, expanding the tax base, and improving the efficiency of the tax system, which can provide additional funds in the budget. Other measures include financial transparency, investment stimulation, budget consolidation, increasing transparency, fighting corruption, improving conditions for entrepreneurship, achieving low and stable inflation, expanding the tax base, and speeding up the privatization of state enterprises.

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Budget deficits and public debt of Ukraine under the shocks of pandemic and military aggression

Cited by 3 publications

References 13 publications

Бібліотека Як Платформа Для Організації Школи Соціального Підприємництва В Умовах Цифрової Трансформації Суспільства

Бібліотека Як Платформа Для Організації Школи Соціального Підприємництва В Умовах Цифрової Трансформації Суспільства

Conceptual framework for managing debt financing of public budgets

Financing the deficit of the State Budget of Ukraine in the prism of the marital state

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