Budget Policy of Social Development

Chugunov, Igor; Makohon, Valentyna; Pasichnyi, Mykola; Nikitishin, Andrіy; Adamenko, Iryna; Кrykun, Tetiana; Kaneva, Tetiana; Kozarezenko, Liudmyla; Sobchuk, Serhii

doi:10.21303/978-9949-7316-1-9

Cited by 20 publications

(32 citation statements)

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“…Найбільш дієвими складовими фінансового регулю вання є податкове, бюджетне та грошово кредитне ре гулювання. Податкове регулювання є вагомою складо вою фінансово бюджетної політики економічного роз витку, здійснює відповідний вплив на перерозподіл ва лового внутрішнього продукту через податкову систе му, забезпечує формування доходів бюджету з ураху ванням цілей та завдань економічної моделі держави, зовнішнього та внутрішнього економічного середови ща та інтересів суспільства [9]. Завданням податкової політики є забезпечення формування доходів бюджету з урахуванням цілей та завдань економічної моделі дер жави, зовнішнього та внутрішнього економічного сере довища та інтересів суспільства.…”

Section: виклад основного матеріалуunclassified

Public Financial Policy as an Instrument of Economic Growth

Koroviy¹

2021

Ekonomika Ta Derzhava

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Section: виклад основного матеріалуunclassified

Public Financial Policy as an Instrument of Economic Growth

Koroviy¹

2021

Ekonomika Ta Derzhava

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“…Б'юкенена [1] , І. Запатріної [5], Г. Кучер [6], Л. Лисяк [4], І. Лук'яненко [7], В. Макогон, П. Самуельсона [10], Дж. Стігліца [11], М. Пасічного, І. Чугунова [12][13] та інших.…”

Section: Conclusion According To the Article Ensuring Financial Staunclassified

Financial stabilization in economic transformations

Adamenko

2019

Univ. Econ. Bull.

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Relevance of research topic. In the context of economic transformation, financial stability is a strategic objective of fiscal policy, which contributes to accelerating economic growth and revitalizing business activity in the country. Accordingly, ensuring effective influence on the social and economic processes of the public administration system involves reforming its components taking into account the globalization processes. Formulation of the problem. With the acceleration of the pace of financial and economic globalization, the issues of creating conditions for financial stabilization are being updated. An important direction in solving these issues at the state level should be to increase the effectiveness of fiscal policy. Analysis of recent research and publications. Issues of the formation and implementation of fiscal policy aimed at ensuring financial stability, acceleration of economic growth are presented in the papers of well-known domestic and foreign scientists: T. Bogolib, J. Buchanan, I. Zapatrina, G. Kucher, L. Lisyak, I. Lukyanenko, V. Makogon, P. Samuelson, J. Stiglitz, M. Pasichnyi, I. Chugunov and others. Selection of unexplored parts of the general problem. The mentioned questions are actualized in connection with the institutional transformations of the socio-economic model of the society’ development, which determine the need for increased effectiveness of fiscal policy. Much attention of financial institutions should be focused on ensuring financial stability and strengthening the stability of the financial system, strengthening its investment potential. Setting the task, the purpose of the study. The objectives of the study are to reveal the essence of the concept «financial stabilization», the definition of the peculiarities of the formation and implementation of fiscal policy in relation to its provision. The purpose of the study is to substantiate the strategic objectives of the fiscal policy on financial stabilization in the context of economic transformation. Method or methodology for carrying out the research. The article uses a set of methods of scientific research: system approach, structuring, analysis and synthesis, and others. Presentation of the main material (results of work). The essence of the concept «financial stabilization» is revealed, peculiarities of the formation and implementation of the fiscal policy concerning its provision are determined. The strategic tasks of fiscal policy concerning financial stabilization in the conditions of economic transformations are substantiated. The field of application of results. The results of this study can be used in the formation and implementation of fiscal policy in Ukraine. Conclusions according to the article. Ensuring financial stabilization is an integral part of the country's socio-economic development strategy. The tools of fiscal policy form a complex of financial and budgetary tactics. With their help, the implementation of the directions and tasks of the fiscal strategy is determined and the effectiveness of its implementation depends decisively. In the conditions of the formation of Ukraine as an independent state, the main reference point of fiscal policy was to ensure the solvency of the state as an instrument for creating conditions conducive to the revitalization of economic activity. At the current stage, the strategic goal should be to actively stimulate economic growth as the main instrument for ensuring financial stabilization through the rational management of public financial resources.

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“…The authors of the monograph "Budgetary policy for social development" [5] highlighted the main methodological and institutional principles of fiscal policy formation for ensuring the social development. They systematized the experience of introducing fiscal policy in both developed and transformational economies.…”

Section: Literature Reviewmentioning

confidence: 99%

“…It is, therefore, expedient to expand approaches to the use of fiscal instruments in order to attract additional funds to the state budget. Thus, in the paper "Tax Control of Cryptocurrency Transactions in Ukraine" [5], the expediency of establishing a tax system for crypt-exchange transactions and tax control is justified. It is stated that the above measures will make it possible to receive additional revenues to the budgets, reduce the level of shadow economy, and counteract cyber-crime and terrorist financing.…”

Section: Literature Reviewmentioning

confidence: 99%

Fiscal policy under economic transformation

Menchynska¹,

Sobchuk²,

Harbar³

et al. 2019

Proceedings of the 6th International Conference on Strategies, Models and Technologies of Economic Systems Management (SMTESM 2

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Approaches to functioning of fiscal policies in countries with developed and transformational economics are generalised and systematised with the view to enhance the efficiency of structural reforms of the financial system and to reduce the impact of fiscal imbalances on economic processes. Proved is the significance of more intensive fiscal decentralisation and implementation of earlier adopted programmes of the financial sector reform as well as the improvement of the coordination between monetary and fiscal policies. The authors substantiated the expediency of the financial system transformation by increasing fiscal transparency, decreasing tax burden on utilising labour resources, and improving mechanisms of control of complying with fiscal restrictions. It was established that the fiscal policy adaptation to current economic trends involves the formation of modern financial institutions, balancing the fiscal burden, and keeping to indicative values of the budget deficit and public debt, while contributing to the innovative transformation of the economy. Substantiated is the need to carry out weighed fiscal policies in the system of budgetary expenditures, including the readjustment of a debt policy with regard to the state budget balancing, working out a mediumterm debt strategy with account for endogenous and exogenous financial and economic factors. The importance of using the mechanism of managing a budgetary deficit through encouraging domestic loans is grounded. It has been established that measures of budgetary control aimed at macroeconomic stabilisation and securing sustained stability of the financial system of a country are assuming significance.

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Budget Policy of Social Development

Cited by 20 publications

References 0 publications

Public Financial Policy as an Instrument of Economic Growth

Public Financial Policy as an Instrument of Economic Growth

Financial stabilization in economic transformations

Fiscal policy under economic transformation

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