Public Financial Management and Its Emerging Architecture

Cangiano, M.; Curristine, Teresa; Lazare, Michel

doi:10.5089/9781475531091.071

Cited by 15 publications

(5 citation statements)

References 12 publications

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“…Фактически высокий уровень экономической неопределенности, глобализация, изменение структуры мировой экономики послужили основной причиной переосмысления роли бюджетной политики, так как возможности денежно-кредитной политики как инструмента макроэкономического регулирования показали свою ограниченность. «Кризис предоставил свидетельства того, что бюджетная политика является надлежащим инструментом антициклической политики в те времена, когда денежно-кредитная политика ограничена нулевым нижним пределом, финансовый сектор слаб или разрыв между потенциальным и фактическим объемом производства особенно велик» 3 .…”

Section: современные требования к бюджетной политикеunclassified

“…URL: https://www.imf.org/external/ russian/pubs/ft/fm/2014/01/pdf/fmexsr.pdf . В научных публикациях [1][2][3][4][5][6][7][8] по вопросам управления финансами общественного сектора и права надлежащий подход к управлению сложными социально-экономическими системами подразумевает способность влиять на ход событий. Поэтому надлежащая бюджетная политика должна преследовать как чисто финансовые (связанные с ростом доходов, повышением эффективности расходов бюджетов публичноправовых образований), так и общеэкономические цели, определяя меры и инструменты воздействия на национальную экономику и уровень жизни населения.…”

Section: современные требования к бюджетной политикеunclassified

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Appropriate Budgetary Policy for a Changing Economy

Солянникова

2021

Mir novoj jekonomiki

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The XXI century's contemporary challenges and crises indicate that fiscal policy is an appropriate tool for countercyclical regulation, ensuring sustainable economic growth and social justice. In this regard, society's requirements for the quality of budgetary policy have changed, which has shifted the focus in setting goals and choosing tools for its implementation from the position of ensuring sustainable economic growth and the principles of fair distribution of income. The analysis allows us to conclude that to ensure the proper quality of budgetary policy, its goals and objectives must correspond to the strategic goals of developing public law education, and coordination of budgetary and monetary policy is necessary. To achieve the goals of justice, the author of the article propose to differentiate the instruments of inter-budgetary reallocation of funds depending on the level of debt sustainability of the regions and to use targeted grants to motivate the authorities of public law entities to ensure sustainable socio-economic development. The article shows that for improvement of the formation mechanism of state programs and national projects and budget efficiency growth, it is necessary to monitor the compliance of tax expenditures and budget subsidies with the target indicators of state programs.

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Section: современные требования к бюджетной политикеunclassified

Appropriate Budgetary Policy for a Changing Economy

Солянникова

2021

Mir novoj jekonomiki

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“…Между циклами пересмотра ограничения не открываются, чтобы учесть изменения в дискреционной политике. Эти четыре аспекта среднесрочных лимитов расходов могут быть объединены несколькими способами в СПГБ, как видно из разнообразия практик [4].…”

Section: мировой опытunclassified

Need for Medium-term Planning of the State Budget in the Modernization of the Economy

Karimov¹

2020

BSP

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“…На наш погляд, заслуговують на увагу думки вчених, що, починаючи з кінця минулого століття, інноваційна еволюція УДФ, яке до того переважно мало вузьку спеціалізацію на податково-бюджетному регулюванні, значно прискорюється. Сфера компетенцій послідовно поширюється на весь державний сектор економіки, спостерігається впровадження новаторських, багатопрофільних ідей, реформ та практик із політології, бухгалтерського обліку та менеджменту [2]. Підходи до УДФ у воєнний час та в кризових періодах, викликаних турбулентністю світового і регіонального простору фіскальних, монетарних відносин, з об'єктивної точки зору суттєво відрізняються від етапів стійкого розвитку.…”

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Public Financial Management in martial time and post-war reconstruction of Ukraine: scientific support of transformations

IEFYMENKO¹

2023

Fìnansi Ukr.

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Introduction. The scale of pandemic and war in Ukraine was not fully forecasted, but the crisis phenomena of these disasters have specific signs. One of the priorities of the tax and budget policy is resilience to threats, both foreseeable and unforeseeable. Problem Statement. The full-scale Russian invasion of Ukraine has led to significant changes in the resource base, economic potential and the common system of public finances, these can no longer function on pre-war principles. New realities, both internal and external, have emerged; it is impossible to ensure the successful development of the state without scientific understanding of them. Purpose. Justification of directions for the formation of internal pillars of stability and security of the economic development of Ukraine through transformations in Public Financial Management (PFM) during the period of martial law and post-war reconstruction. Methods. Based on trends in statistical indicators, a comparative analysis of national anti-crisis reforms in the field of public finances was conducted. The methodology of the system approach, methods of factual, situational analysis and synthesis were used. Results. Ukraine's acquisition of the status of a candidate for the EU membership, the modern realities of statehood and national economy recovery amid when the signs of fundamental turmoil in the global economic space, require significant changes in the PFM. It is necessary to rethink from scientific perspective and adjust the policy of countering threats of global and regional economic and social contradictions. International discussions on the plans for the post-war reconstruction of Ukraine prove the still uncertain, extremely multidimensional picture of the development of various components of the national socio-economic system. The amount of external financial support will depend on whether the measures to improve PFM during the period of martial law, as well as post-war reconstruction, will be interconnected, subordinated according to the space-time vector, etc. Conclusions. International financial institutions provide resources to conflict-prone and fragile states not only to correct imbalances, but also to build confidence during crisis situations when countries risk losing their ability to borrow on open markets. Taking into account the escalation of the geopolitical conflict associated with the full-scale Russian invasion of Ukraine, transformations in the fiscal sphere should be aimed at winning the war, preserving the territorial integrity of the state, supporting economic sovereignty and combating corruption, stimulating investment processes in the post-war recovery.

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Public Financial Management and Its Emerging Architecture

Cited by 15 publications

References 12 publications

Appropriate Budgetary Policy for a Changing Economy

Appropriate Budgetary Policy for a Changing Economy

Need for Medium-term Planning of the State Budget in the Modernization of the Economy

Public Financial Management in martial time and post-war reconstruction of Ukraine: scientific support of transformations

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