Results-Based Budgeting as a Management Tool for a Sustainable Development of Economy
Journal Title: Бізнес Інформ - Year 2015, Vol 9, Issue 0
Abstract
The article is aimed at studying the issues of direction of the budgetary process towards a sustainable development of country. A study of theoretical provisions related to the existing linkages between economic growth and public spending was carried out. It has been specified that public expenditures, which is calculated as a percentage of GDP%, can provide either accelerating of economic dynamics, or its deceleration. On the basis of generalization of world experience of transforming the public expenditures into a lever for sustainable development, the basic principles to ensure effective management under current conditions have been formulated. A study of the major indicators of the State budget of Ukraine highlighted the main problems, which require the application of contemporary management tools. Application of the results-based approach in the process of forming the budget of Ukraine was considered in the context of the accelerated economic growth orientation. Among other effective tools of the results-based approach, the use of budgetary consolidation, which objective is substantiated in the light of both medium- and long-term goals of sustainable development, can be reasoned. Prospect of further research in this area will be development of scenarios of economic development in the context of implementation of various objectives of the budget process.
Authors and Affiliations
Alla Kasych
Keywords
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