Establishment and Operation of the Stabilization Fund in Ukraine
Journal Title: Проблеми економіки - Year 2015, Vol 2015, Issue 4
Abstract
The article deals with applied aspects of the functioning of the state Stabilization Fund as a financial instrument to counteract economic instability in Ukraine. The aim of the article is to determine the place of the Stabilization Fund in the state budget, sources of its filling and directions of spending. The relevance of this article is substantiated by the need for further improving the mechanism of the Stabilization Fund in Ukraine and bringing the practice of its functioning to the effective global model. Special attention is paid to inefficient using the fund resources for the directions, which have not been legally provided and were not of priority in a difficult period for the national economy, the problems of its operation and management with the purpose of further development of the mechanism that could effectively counteract the general economic cyclicality. The principles that should be observed for the successful establishment and operation of the Stabilization Fund in Ukraine have been highlighted. The measures on the development and use of the Stabilization Fund resources under conditions of cyclic development of economic processes have been proposed.
Authors and Affiliations
Oleksandra Pidhurska, Olena Lapko
Keywords
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