Target-based public budgeting in Ukraine
Journal Title: Стратегія економічного розвитку України - Year 2018, Vol 42, Issue
Abstract
The sharp increase in demand for measurement and evaluation of the results of budget expenditures occurred in Ukraine almost half a century later than in the United States. The expansion in demand for productivity, which was due to limited resources of public funds, compared to political needs, led to search and reform the ways of budgeting. Their combinations could be predicted on the world experience basis. Ministry of Finance of Ukraine recently declared another reform with the medium-term planning and fiscal limits implementation within the program-target method. However, did not show any efforts about the key element of target-based budgeting supplying — legislative responsibility for the unreached settled targets. The performance method of budgeting is further enhanced by the KPI multiplied and implantation. Without the system of targets essential the medium-term planning and benchmarks implementation will not create an incentive for optimization, and hence development of the efficiency tools and improve the quality of public services. The best methods of performance are most effectively carry out by the performers themselves, if they are motivated. The target-based method of the budgeting can eliminate the main problem of the budgetary process in Ukraine — low motivation of managers and recipients of funds in their activities results. So the target-based method of public budgeting had been involved in Ukraine budget process, but still not complete properly yet. Correct and thorough budgeting methods separation, based on their features, can ensure for the desired result of using them considering the normative economics. This paper offers the concept of the target-based public budgeting to determine the essential budgeting tools in comparison with the world experience, and to ensure a more close connection of their using with the expected and desired results. The obtained results describe the possibilities of target-based budgeting will have been performed under the program-target method in Ukraine. The proposals on the prospects for using the target-based public budgeting method at the state budget level are formulated. The target-based budgeting obtain a possibility of the responsible spending units’ involvement into efficiency performance, which will grow with the further refine.
Authors and Affiliations
Teniana Zhyber
Keywords
Related Articles
- EP ID EP353155
- DOI -
- Views 133
- Downloads 0
ГАРМОНІЗАЦІЯ ПРОЦЕСІВ АДАПТАЦІЇ ТА ІННОВАТИЗАЦІЇ НА ПІДПРИЄМСТВІ
The market economic system works in such a way that economic phenomena such as bankruptcy, liquidation and unprofitability of a certain enterprises` number that constantly occur in it. This happens despite the fact that...
Аналіз підходів до нечітко-множинного оцінювання показника чистої теперішньої вартості / Analysis of fuzzy-set evaluation approaches of net present value indicator
В публікації досліджуються наявні підходи до нечіткомножинного оцінювання показника чистої теперішньої вартості. В межах цього було розглянуто загальний пошуково-оптимізаційний підхід, який забезпечує високий ступінь точ...
Justification of ways of higher educational institutions interaction with the target audience by means of consumer behavior theory and stakeholder theory
Taking into account the competitive development of the educational services market, the authors propose to consider the process of interaction of higher educational institutions with the target audience systemically. The...
Розвиток ринку освітніх послуг ВНЗ: актуальні тренди та прогнози / Market development of high education services: actual trends and forecasts
В статті систематизовано чинники розвитку ринку освітніх послуг ВНЗ. Узагальнено, що визначальними трендами останнього десятиліття у розвитку системи вищої освіти стали: кількісне зростання університетів світу; стратегії...
Organizing of crisis communications in the reputational management
The article is devoted to the problem of preserving the reputation during the crisis. The objectives of the study is to critically analyze and summarize the views presented in the scientific literature on how to properly...