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
Related Articles
- EP ID EP90203
- DOI -
- Views 110
- Downloads 0
Methodological Foundations for Researching Intellectual Potential in the Context of Economic Security
The article is aimed at developing methodological foundations for researching intellectual potential in the context of economic security. The authors' position on the nature, directions and stages of scientific cognition...
Improvement of the Methodology for Assessing the Effectiveness of Logistic System of Pharmaceutical Enterprises
The article is aimed at determining the definition of «efficiency of logistic system of pharmaceutical enterprise» and improvement of methods for its evaluation taking into account both the peculiarities of the activity...
Increase of Product Competitiveness: Problems of Definition of Effectiveness
The article conducts a critical analysis of existing approaches to assessment of effectiveness of increase of product competitiveness as an economic process, on the basis of which an insufficient developmental work in th...
The Shadow Economy and its Influence on the Economic System
The article is analyzed the consequences of increasing the shadow sector of of the economic system. The reasons of tax evasion are investigated in the article. Proposals for an effective tax system, which would, in parti...
Innovations in Tourism as a Factor of Stimulation of Development of Small and Medium Business
The article studies directions of stimulation of development of small and medium business in the sphere of tourism. It reveals barriers that interfere with development of the subjects of small and medium entrepreneurship...