The influence of budget security on socio-economic development of Ukraine at the modern stage
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 4, Issue
Abstract
Introduction. Budget indicators are key in determining the overall state of national security, while increasing incomes and implementing effective expenditures is an indicator of its overall development. Budget security as an important factor in the socio-economic development of the state is a peculiar indicator of the effectiveness of the state budget policy. In order to meet public needs and fulfill the functions entrusted to the state, it is necessary to create centralized and decentralized money funds, since a significant part of national income is redistributed through the budget. That is why the issue of building an effective budget security system of the state is important. Purpose. To investigate the essence of budgetary security and its impact on the budget system of the country in the presence of real and potential threats. Results. The current state of the budget system of Ukraine was shaped by a number of destructive external and internal challenges that exacerbated the issue of ensuring budgetary security. Rational management of debt resources and a holistic budget deficit management system are the main tasks for ensuring an effective system of budgetary security of the state. The main threats posing a destructive impact on the state budget security include: excessive tax burden, inefficiency of the tax system, tax evasion; ineffective control over expenditures of budget funds and their uneven distribution, since a significant part is consumed rather than directed towards development; untimely adoption of the budget and reports on its implementation. Conclusion. Thus, fiscal security is an important priority of the development of the budget system of Ukraine, therefore, effective measures should be taken to increase the level of fiscal security in Ukraine. It is budgetary security that ensures the efficient use of budget funds and solvency of the country when balancing revenues and expenditures, implementing social policy, maintaining public administration, providing national defense and security. The formation of a stable fiscal policy and an effective model of public finance management is a key to stabilizing the dynamics of socio-economic development and ensuring budgetary security of the state.
Authors and Affiliations
Oksana Romanivna Zakhidna, Olha Viktorivna Kravtsova, Nataliia Volodymyrivna Nazar
Keywords
Related Articles
- EP ID EP671259
- DOI -
- Views 86
- Downloads 0
Modern approaches in inventory management of light industry enterprises
Introduction. The need to increase the efficiency of the operation of enterprises of the industrial complex and light industry in particular, can be ensured by integration on the basis of management of economic processes...
Accounting and analytical aspects of income estimation in the corporate reporting system of enterprises of Ukraine and Jordan: comparative analysis
In this paper, the problems of accounting and analytical estimation of income at enterprises of Ukraine and Jordan are considered in view of the efficiency of using the opportunities offered by international standards of...
Marketing investigations in the competitiveness management system of space industry enterprises
The article is devoted to the actual issues of the choice of specific marketing strategies, their effective combination for the space industry enterprises that is based on the results of marketing research, reflecting th...
Development trends of the bank payment card market in Ukraine
In the article are researched peculiarities of the use of payment cards. There is conducted an analysis of the payment card market development indicators in Ukraine and it is given an estimation of influence factors on i...
Using of management automatic systems at the hotel restaurant business’ enterprises
The automated control systems, which are most often used at the enterprises of hotel and restaurant business are considered, and the use of separate for hotels, restaurants and hotel and restaurant complexes is offered.