Comparative Analysis of Methods for Forecasting Budget Indicators

Yahelska, Kateryna; Tropina, Valentyna; Хомутенко, А.В.; Petlenko, Yuliia; Lantukh, Kristina; Kryhan, Yurii

doi:10.25115/eea.v39i3.4521

Cited by 3 publications

(3 citation statements)

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“…As a result, the correctness, timeliness, and legality of the reflection in the salary calculations are ensured, which allows us to quickly detect violations and conduct a quality audit [47]. At the macro level, the algorithm for digitalization of the financial sector can be used, for example, in forecasting budget indicators that are contained in the formation of state tax policy [48]. Transformed under the influence of digitalization, the financial and tax management system will create prerequisites for financial and tax compliance, which can be considered as the most effective innovations in these areas [49].…”

Section: Financial Management Systemmentioning

confidence: 99%

Improving the governance and legal framework for implementing financial and fiscal innovation in a digitalized environment

Dmytryk

Kobylnik

Sereda

et al. 2022

EEJET

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This paper considers the organizational and legal support of the processes of digitalization of innovation in the financial and tax sectors. The main prerequisites were identified, and the role of financial and tax innovations in the development of the economy at the macro level was defined. Emphasis is on digital technologies as the main driving force of innovation in the financial and tax sector. The relationship between the concepts of "financial and tax innovations" and "financial engineering" has been established. The main directions of digitalization of the financial and tax sectors are identified. The digital technologies that have the greatest impact on financial and tax innovation are identified, namely: blockchain, Big Data, artificial intelligence, cloud technologies, the Internet of Things. The directions of legal regulation were substantiated and further steps to develop legal support for the digitalization of the financial sector were determined. To this end, the components of legal regulation, institutional regulation, and scientific and methodological regulation of digitalization of the financial sector are detailed. In contrast to numerous studies in the field of legal support and regulation of digitalization of the financial and tax sectors, it has been hypothesized and proved that the greatest effect is achieved with the harmonious interaction of institutional components. The system of management of financial and tax innovations in the context of digitalization has been improved. To this end, the stages of the transformation process of the financial and tax innovation management system in the context of digitalization were detailed and an algorithm for digitalization of the financial sector has been developed. The scope of practical application of the research results is the development of the financial and tax sector through the introduction of digital tools

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Section: Financial Management Systemmentioning

confidence: 99%

Improving the governance and legal framework for implementing financial and fiscal innovation in a digitalized environment

Dmytryk

Kobylnik

Sereda

et al. 2022

EEJET

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show abstract

“…Along with this, it is advisable to note that taking into account the imperfect legal framework [23] the reform processes are rather slow, the requirements of digital transformation are partially taken into account [24], the optimality of the developed measures has not been finally proven [25]. The outlined comments require additional proposals on reforming the existing financial and tax mechanisms to overcome the socio-economic crisis caused by martial law in conditions of digitalization.…”

Section: Disadvantages Of Functioning Of Elements Of Financial and Ta...mentioning

confidence: 99%

Devising ways to improve the financial and tax mechanisms for overcoming the socio-economic crisis caused by martial law

Dmytryk

Sereda²,

Tokarieva

et al. 2022

EEJET

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The object of this study is the process of improving financial and tax mechanisms to overcome the socio-economic crisis caused by martial law in Ukraine in the context of digital transformation. During the study, the problem of non-compliance of the existing financial and tax mechanisms with the requirements of digital transformation and the peculiarities of the functioning of the financial sphere under martial law was solved. The key elements of financial and tax mechanisms that should be primarily revised in order to overcome the socio-economic crisis have been clarified. The shortcomings of the functioning of financial and tax mechanisms for overcoming the socio-economic crisis are highlighted. The results of a survey of experts on the proposed factors influencing the effectiveness of such mechanisms were analyzed using the Kendall's concordance coefficient. The most significant factors that formed the basis for the developed directions for improving the financial and tax mechanisms for overcoming the socio-economic crisis have been established. The peculiarities and distinctive features of the results obtained are unanimous consideration of the requirements of digital transformation and the peculiarities of the functioning of the financial sphere under martial law. The financial and tax mechanisms improved on the basis of digital technology are based on the declared principles of G20 digital financial inclusion. The most significant factors of influence were the infrastructure of financial and tax mechanisms; legal and regulatory framework for digitalization; combating digital fraud; adaptation of foreign experience in the use of digital technologies to the national environment. The results can be used in the practical activities of the financial authorities of Ukraine in order to overcome the socio-economic crisis under martial law

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“…It now combines tactical and strategic levels, a formal but not formal approach, financial and statistical indicators. The new methods are designed to provide answers to questions about the rationale for the existence of organizations and their contribution to the general welfare (Yahelska et al 2021).…”

Section: Introductionmentioning

confidence: 99%

Modern Approaches to Reforms in the Economy: Performance Measurement Development in the Armed Forces of Ukraine

PAKHOLCHUK,

HORIACHEVA,

TURCHENKO

et al. 2023

Theor. Pract. Res. Econom. Fields

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This paper reflects the empirical study of how the environment affects the performance measurement evaluation methodology in the organization, based on research of the Ukrainian Armed Forces experience. The problem is defined by the different needs of main stakeholders and management. This paper seeks the possibility to develop the role of stakeholders in performance measurement. In this research, several sources and methods were used to collect data. First, the interviews were conducted by the representatives of the research organization. Documents analysis and meetings also played a significant role in research. The paper emphasizes the influence of the environment, represented by the external actors and development vector, on the performance measurement building. Balancing between interests of stakeholders and levels of management helps to develop a performance system, which will be suitable to reflect the Armed Forces outputs and outcomes. Originality of the study of the Armed Forces of Ukraine is an extreme and interesting case because the institution is under high pressure during reforms and military conflict. But such cases facilitate the existing theory, depicting the problems and advantages of the management approaches. Future research in this area should pay more attention to the interaction between the external and internal actors in performance management methods building, especially in the defense sector.

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Comparative Analysis of Methods for Forecasting Budget Indicators

Cited by 3 publications

References 0 publications

Improving the governance and legal framework for implementing financial and fiscal innovation in a digitalized environment

Improving the governance and legal framework for implementing financial and fiscal innovation in a digitalized environment

Devising ways to improve the financial and tax mechanisms for overcoming the socio-economic crisis caused by martial law

Modern Approaches to Reforms in the Economy: Performance Measurement Development in the Armed Forces of Ukraine

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