OPTIMIZATION GEOLOGICAL STUDIES STAGES FINANCING IN DOMESTIC PRACTICE

2019 ◽  
pp. 49-55
Author(s):  
A. Balega ◽  
M. Kurylo
Keyword(s):  
Public Funding ◽  
The State ◽  
Stage Ii ◽  
Stage Iii ◽  
Public Expenditures ◽  
National Program ◽  
Geological Exploration ◽  
State Budget ◽  
State Financing ◽  
Mineral Base

The system of organization and financing of geological exploration works was investigated in separate stages. A comparison of the stages and their financial support in Ukraine and abroad has been carried out. In general, the stages correspond to the schemes recommended by the United Nations (UN) as international, but have their own specificity in terms of prospecting and general exploration. The objects, subjects and main sources of financing of works in accordance with the stages of the geological exploration works were defined. The level of state and non-state expenditures in the development of mineral base of Ukraine is fixed by the National program of development of mineral base of Ukraine by 2030; it is 13.8 % and 86.2 % respectively. The structure of public expenditures within the stages of the geological exploration works was investigated. The National program of development of mineral base of Ukraine by 2030 does not directly reflect the financing of the of geological exploration works by stages. According to the results of the sample, which is reflected and systematized, it is determined that the state budget provides the work of all three stages from the geological study of the territory to the exploration works. Geological exploration works funded by state funds in Ukraine are executed exclusively by state enterprises. Comparison of the financing indicators of the Program up to 2030 with the distribution of the main geological risks and general risks of mining business was conducted. At the first stage of the geological exploration works, high geological risks are accompanied by moderate mining risks and insignificant specific costs for obtaining geological information; public funding for these activities is concentrated at 9.91 % of the total funding. Stage II of the geological exploration works is accompanied by a higher than average indicator of geological risk, high risk of mining business and significant costs, with 65.71 % of government funding concentrated on these activities. The lowest geological risks and risks of mining business are inherent in Stage III of the geological exploration works, which is the most capital intensive, and whose financing is concentrated 16.7 % of state funding. The geopolitical challenges have led to the need for clarification of the work in the National program of development of mineral base of Ukraine by 2030. There were: actualization of the objects of the geological exploration works, the exclusion from the state financing of the detail exploration (stage III of the geological exploration works) and the concentration of such funding in prospecting and general exploration (stage II of the geological exploration works) in order to identify investment-attractive objects for their further auctioning.

scholarly journals FINANCING PUBLIC GOODS UNDER THE INFLUENCE OF CHANGING THE POLITICAL ELITE

2021 ◽  
Author(s):  
Iryna Volokhova ◽  
◽  
Alina Hishchenko ◽  
Keyword(s):  
Public Goods ◽  
Social Protection ◽  
The State ◽  
Political Elite ◽  
Practical Significance ◽  
The Political ◽  
Public Expenditures ◽  
State Budget ◽  
Degree Of Satisfaction ◽  
State Financing

The purpose of the article is to conduct a retrospective analysis of the volume and structure of financing of public goods in accordance with the change of the political elite in Ukraine (changes of the Presidents of Ukraine).The research methodology consists in calculating the dynamics of the expenditure part of the consolidated budget of Ukraine in terms of functional classification of expenditures, the share of the main items of the consolidated budget expenditure for 1992-2020, the share of the expenditure part of the consolidated budget of Ukraine and the main expenditure items in GDP. According to the results of the study, the dynamics of changes in the total volume and structure of financing public expenditures in accordance with the change of the political elite is revealed. The practical significance of the analysis indicates that the system of expenditure of the consolidated budget of Ukraine, respectively, the structure of financing public goods, is imperfect and needs to be adjusted. Thus, the largest share of expenditures of the consolidated budget of Ukraine, which has recently been decreasing from year to year, is spent on financing social protection and social security. The volume of expenditures on economic activity, which is able to give impetus to the development of the state economy, is insufficient. Expenditures on education and healthcare in Ukraine have been significantly reduced. Due to these budgetary resources, the financing of national functions by the state, financing of public order, security and the judiciary has been increased. Imperfection of fiscal policy, unreasonable financing of certain areas, insufficient control over the implementation of budget programs, their inefficiency and many other problems lead to irrational use of funds from the budgets of Ukraine. Therefore, in order to establish stability in the economic sphere of the state, it is necessary to restrain the growth of the share of consolidated budget expenditures relative to GDP. This will reduce the tax burden on the population and business, reduce the state budget deficit of Ukraine. When allocating expenditures, it is necessary to start from the size of the revenue side of the budget in order to achieve proportional growth of revenues and expenditures. It is worth paying attention to ensuring reliable control over the movement of budget resources. In order to increase the degree of satisfaction of the needs of the population in public goods, it is necessary to develop the political consciousness and political culture of citizens, to increase the level of financial decentralization in the country.

scholarly journals PROBLEMS OF UNBALANCED STATE BUDGET OF UKRAINE: ANALYSIS OF OBJECTIVE AND SUBJECTIVE FACTORS OF BUDGET REVENUE AND EXPENDITURE

2020 ◽  
Vol 11 (87) ◽  
Author(s):  
Oksana Zahidna ◽  
◽  
Vasylyna Ignatyshyna ◽  
Uliana Skydan ◽  
◽  
...  
Keyword(s):  
Foreign Trade ◽  
The State ◽  
Public Expenditures ◽  
Present Stage ◽  
State Budget ◽  
Economic Relations ◽  
Successful Solution ◽  
The Social ◽  
Social And Economic Development ◽  
The Impact

A significant place in the social and economic development of each country belongs to the problems of the budget, because the budget belongs to the sphere of public life that directly affects the interests of all members of society. The budget of any country reflects the important economic, social and political problems of the state and each person in particular. At the same time, the successful solution of budget problems is possible only if a proper understanding of its essence, role and place in the system of economic relations. For any country, the state budget is the main link in the financial system. As part of this system, it combines the main financial categories: income and expenditure of the country, the tax system, public credit, public debt in their closest coexistence. The budget as a financial plan of public expenditures and sources of their coverage plays an important role in the activities of the state. It determines its capabilities and development priorities, its role and forms of implementation of the functions assigned to it. It is an effective regulator of that economy reflects the amount of financial resources required by the state, determines specific areas of use of funds, directs the financial activities of the state. The article analyzes and defines the essence of revenues and expenditures of the state budget. The state and dynamics of state budget revenues and budget expenditures are studied. A comparison of state budget revenues and expenditures was made and it was investigated that expenditures significantly exceed revenues, and therefore the state budget is in deficit. The factors of formation of revenues and expenditures of the state budget at the present stage are determined. The dynamics of GDP growth rates and state revenues are analyzed budget, as well as the impact of GDP on the state budget. The peculiarities of the influence of the foreign trade factor on the revenues and expenditures of the state budget are determined. The influence and shares of exports and imports in the state budget revenues are studied. The current problems of imbalance of the state budget and the causes of the state budget deficit are identified. Ways to balance revenues and expenditures at the present stage are proposed. The dynamics of indicators of export and import of Ukraine is analyzed. The problems of Ukraine 's foreign trade at the present stage are investigated and perspective directions of improvement of the existing state of the export – import policy of the state are determined.

scholarly journals A STUDY OF THE EVOLUTION OF THE FORMATION AND DEVELOPMENT OF GOVERNMENT PROCUREMENT IN UKRAINE

2021 ◽  
Vol 1 (36) ◽  
pp. 369-379
Author(s):  
A. Zhuk
Keyword(s):  
Public Procurement ◽  
Legal Framework ◽  
Government Procurement ◽  
State Regulation ◽  
The State ◽  
Public Expenditures ◽  
Negative Effects ◽  
State Budget ◽  
State Regulator ◽  
Effective Development

The paper studies the historical and legal background of the formation and development of government procurement in Ukraine. It analyzes the essence and significance of public procurement for the effective development of budgetary enterprises, institutions and organizations in different historical periods. It has been established that public procurement took various forms long before the independence of Ukraine. State orders are considered in the context of the broader problem of state regulation of the economy, namely one of the most serious and ambiguous economic problems is the rational interaction of the state and the market system in the process of public procurement. It is substantiated that a full-fledged national economy largely depends on how transparent and economically justified public expenditures on the maintenance of institutions financed from the state budget. Detected that one of the most promising ways to implement the concept of rational and efficient use of budget funds is the widespread introduction of a single structured system in the procurement of goods, works and services for public needs, based on competition, transparency, non-discrimination and decentralization. The paper reviews specifics of legislative regulation of public procurement in the relevant periods. The stage of transition of the system of centralized production planning, distribution of material and technical resources, the function of the state order as an absolute state regulator in the production of products and services to the means of meeting the needs of material resources, products, works and services of consumers supported by the state budget. It identifies the main differences in the approaches to understanding the essence of public procurement. The paper provides a detailed description of the influence of factors and circumstances on the development of the legal framework of public procurement. It determines and substantiates government procurement development periods. The paper analyzes the negative effects of omissions and non-finalization of the legal framework of each respective period. It studies the methods of and reasons for changing the terminology in the formation of the conceptual apparatus of the modern legal framework. Conclusions on changes, additions and adjustments to the legal framework of public procurement are provided. The paper assesses the main differences between the adopted public procurement laws.

scholarly journals The State Financing of the Sociocultural Sphere in the Economies of Russia and China: A Comparative Analysis

2020 ◽  
pp. 264-279
Author(s):  
Natalia Ya. Krivonosova ◽  
Keyword(s):  
Social Protection ◽  
Developed Countries ◽  
The State ◽  
State Funding ◽  
State Budget ◽  
Global Trends ◽  
Republic Of China ◽  
Catching Up ◽  
State Financing ◽  
Financing Education

The article analyzes the indicators of the budgetary financing of the sociocultural sphere in 2008–2017 based on the official statistical reports by Russian and Chinese authorities. Within the framework of structural analysis of budget expenditures in both countries, the priority of these areas for the expanded budget of the Russian Federation has been identified, whereas the sociocultural block is given only a small share in the structure of the state budget expenditures of the People’s Republic of China. The analysis of the dynamics of the budgetary spending on social and cultural events during the studied period showed a significant increase in such spending in China, with a slowdown in growth in Russia. Special attention was paid to the analysis of expenditures on the sociocultural block in the GDP volume. It was found that the Russian spending on sociocultural events in the GDP volume was gradually approaching the numbers in developed countries. This corresponds to the global trends in the leading countries characterized by increased expenditures on social protection due to the influence of factors such as the aging of the population, declining birth rates, and increasing unemployment. It is emphasized that China’s spending on sociocultural events in the GDP volume is significantly inferior to the indicators of the world’s leading economies and is aimed more at financing education, which is justified by the conditions of the “catching-up” stage. The author concludes that modern threats and challenges determine the need to adjust priorities and volumes of the state funding of sociocultural activities in China and Russia.

Ukrainian regions’ budget security in the conditions of public administration decentralization

2019 ◽  
pp. 106-114
Author(s):  
Yuliya Tymchyshyn
Keyword(s):  
Public Administration ◽  
Local Governments ◽  
Public Funding ◽  
Threat Assessment ◽  
The State ◽  
State Budget ◽  
Tax Revenues ◽  
Regional Budget ◽  
Per Capita ◽  
Local Budget

The significance of regions’ budget security as a component of financial self-sufficiency in the conditions of public administration decentralization is revealed. The definition content of «region’s budget security “ is defined from the standpoint of balance of local budgets in terms of revenues and expenditures, risk and threat assessment, sufficiency of financial support for the execution of functions and powers entrusted to local governments. The budgetary security of the region is proven to be a condition that ensures the balance of local budgets in terms of revenues and expenditures in current and strategic dimensions, which allows the local governments to fully fulfill their functions and powers, to neutralize the existing risks, threats and dangers. The author’s approach to rating regions of Ukraine is outlined. It is carried out on the basis of such key indicators as balance of the regional budget in % to GRP, budget’s revenues of the region per capita, budget expenditures per capita, ratio of the amount of received transfers to the sum of budget expenditures of the region in the consolidated state budget, the ratio of tax and non-tax revenues to the local budget, the share of tax revenues in the total budget of the region, the share of official transfers in the total local budget revenues, transfers from the state budget in % to GRP. This allows for determining of the level of budgetary security of territorial entities. The main methodological principles for the rating of regions are defined: the selection and evaluation of absolute indicators, the analysis of relative coefficients, the choice of integral indicators and the formation of rating estimates. The results of the analysis of the budgetary security of the regions revealed significant disparities in the formation of local budgets in terms of revenues and official transfers from the state budget and their significant budgetary differentiation. The uneven amount of transfers in total local budget revenues and the substantial dependence of territorial communities on public funding are emphasized.

scholarly journals Main development trends in public support of business research and development in Czechia

Ergo ◽  
2017 ◽  
Vol 12 (1) ◽  
pp. 18-26
Author(s):  
Miroslav Kostić
Keyword(s):  
Public Funding ◽  
Public Support ◽  
The State ◽  
High Tech ◽  
Business Sector ◽  
Business Research ◽  
Development Trends ◽  
State Budget ◽  
Public Resources ◽  
Domestic Companies

Abstract The article aims at identifying main structural characteristics and development trends of business R&D support in the Czech Republic in the period 2007–2015 and their assessment in light of the development of total R&D expenditures in the business sector. Possible impacts of business research support on R&D expenditure from own resources of businesses and on R&D employment are also examined at the level of individual economic sectors. The volume of support annually allocated from the state budget to non-investment R&D activities of businesses culminated between 2009 and 2012. Compared to domestic companies, the companies in foreign ownership obtained only a quarter of public support but their share in total R&D expenditures in the business sector exceeds over a long period the share of domestic companies. Moreover, the difference has further grown in the last years mainly due to rapid increase of private funding from abroad. As regards to the size of businesses the reduction of public funding in the last years occurred primarily in the group of large businesses. However, the decreasing volume of public funding impacted only minimally on large businesses while the reliance of medium and especially small businesses on public resources is considerably higher. Substantial amounts of R&D support from the state budget were allocated particularly to high-tech and medium high-tech industries: manufacture of computer, electronic and optical products; manufacture of machinery; and manufacture of other transport equipment. Unlike in the majority of industrial branches where the absolute annual amounts of public support decreased during the last years, the amounts allocated to the sector of IT services grew significantly. Neither increase of R&D expenditure from own resources of businesses nor increase of R&D employment indicate dependence on the share of domestic public resources in BERD at the level of NACE branches.

scholarly journals Monitoring of cash execution of the state budget during the implementation of national projects and the choice of economic development directions

2021 ◽  
pp. 134-140
Author(s):  
I. I. Chebyshev
Keyword(s):  
Economic Development ◽  
Federal Budget ◽  
The State ◽  
Public Expenditures ◽  
State Budget ◽  
Specific Factors ◽  
Financial Monitoring ◽  
Budget Execution

The article emphasizes the importance of financial monitoring as an element of control over the implementation of national projects and, in particular, cash execution. The paper carries out the analysis of monitoring of the federal budget execution in terms of budget allocations for the implementation of national projects for the first half of 2019. The study reveals trends of cash execution. The author identifies a lag in the rate of execution of expenditures for the implementation of national projects from expenditures that are not related to national projects. The article studies the structure of federal budget expenditures and identifies the specifics that affect the lag in the pace of implementation of public expenditures. The paper gives the list of specific factors that have an impact on the backlog in the implementation of the federal budget. The author considers the areas for development and the necessary further actions to eliminate the identified problems.

scholarly journals FEATURES OF FORMATION OF DEBT FINANCIAL RESOURCES OF THE STATE IN THE CONDITIONS OF GLOBALIZATION

2021 ◽  
Author(s):  
Yaroslav Dropa ◽  
Marta Petyk ◽  
Iryna Mud
Keyword(s):  
Financial Incentives ◽  
The State ◽  
Financial Resources ◽  
Financial Policy ◽  
Public Expenditures ◽  
Domestic Investment ◽  
State Budget ◽  
Government Bonds ◽  
Domestic Banks ◽  
Private Investors

Features of solicitation of borrowed financial resources by the state are considered in the context of maintaining economic potential and ensuring financial capacity to be able to perform all the functions assigned to it under conditions of deepening economic crisis, the spread of the coronavirus epidemic and actions of quarantine restrictions in Ukraine and in the world. The dynamics of the size of the state budget deficit of Ukraine and volumes and structure of the general public debt, costs to service and repay the principal amount of debt are analyzed. It is marked, that outpacing growth of state budget expenditures comparatively with the amount of tax revenues, and, therefore, forced growth of government borrowing in the domestic and foreign financial markets, caused by the need to timely repay government obligations to creditors and financing current expenses in full. In the absence of established cooperation with international financial institutions the main mechanisms for soliciting financial resources were domestic government bonds and external government bonds. Mainly, domestic banks invest in government bonds; foreign and domestic private investors so far, unfortunately, are not interested in investing their savings in government securities, despite even a significant increase in their profitability (now the yield on government bonds exceeds the interest rate on deposit rates of banking institutions). Ensuring debt security and effective management of financial resources, available to the state, primarily borrowed, are identified as a priority in the implementation of financial policy of the state. Deepening of crisis phenomena in the domestic economic system forced the executive authorities urgently solicit additional financial resources, working with potential lenders often on unfavorable terms for Ukraine, however, the risks of losing financial and subsequent political independence, forced to reconsider the structure of sources of financing public expenditures, and to attract domestic investment in the development of the national economy. It was emphasized, that the effectiveness of investing borrowed financial resources are conditioned exclusively by their investment direction, financial incentives for the real sector of the economy and needs well-established mechanisms for regulating and stimulating the development of financial and stock markets.

scholarly journals PROBLEMS OF FINANCING OF AGRICULTURAL EXTENSION ACTIVITIES IN UKRAINE

2021 ◽  
pp. 68-85
Author(s):  
Nataliia POKHYLENKO ◽  
Roman KORINETS
Keyword(s):  
Low Income ◽  
Financial Support ◽  
Agricultural Sector ◽  
Negative Impact ◽  
Agricultural Extension ◽  
The State ◽  
State Budget ◽  
Extension Services ◽  
State Financing ◽  
State Programs

The article analyzes the current state of financial support for socially oriented extension services in Ukraine in order to identify the obstacles to stability and regularity of its implementation. It has been established on the basis of statistical data, that the financing of such activities from the state budget has a downward trend. Its volumes are tens of thousands of times less than similar budgetary expenditures in post-socialist countries that are currently EU members. The results of a survey of representatives of consulting services showed that the reason for the low activity of the registered agricultural extension services in the implementation of state programs to support agricultural producers and, accordingly, the incomplete development of the allocated funds are the scarcity, unpredictability and instability of state support for agricultural extension activities, the weakness of the coherence between themselves of the state programs, aimed at the development of the agricultural sector of economy. There is also a lack of understanding of the importance of agricultural extension by local government representatives. It is proved that conservatism in the introduction of innovations by owners of small farms, low level of awareness of agricultural extension, significant distance of advisory centers from potential customers, low income of the rural population minimize their ability to pay for commercial advisory services. It is established that financial and organizational difficulties have a significant negative impact on the psychological aspects of counseling. Advisors declare a lack of faith in their own strength. The results of the study allow us to assert that the formation of stable, simple and clear rules for long term state financing of agricultural extension activities and the absolute abidance of such rules by state institutions will help to increase the sustainability of financial support for agricultural extension activities in Ukraine.

scholarly journals ACTUAL PROBLEMS OF STATE FINANCING IN THE CONTEXT OF IMPLEMENTATION OF PARTNER INFRASTRUCTURE PROJECTS OF THE STATE AND BUSINESS

2021 ◽  
pp. 79-93
Author(s):  
Bohdana SHULIUK
Keyword(s):  
Public Funding ◽  
Public Private Partnership ◽  
The State ◽  
Infrastructure Projects ◽  
State Support ◽  
Local Authorities ◽  
Private Partnership ◽  
State And Local ◽  
State Financing ◽  
Financial Participation

Introduction. An integral condition for the efficient functioning of the economy is the constructive financial interaction between the state and business. Such cooperation is due to the need to improve the infrastructure sectors, the efficiency of which affects not only the welfare and quality of life, but also creates the conditions for intensifying investment activities and increasing productivity in the fields of material production. However, modernization of infrastructure is not possible only at the expense of private partners, so it requires financial participation of state or local authorities. The purpose of the article is to identify the problems of public funding of public-private partnership infrastructure projects in Ukraine and to develop recommendations for their solution, taking into account the best world practices. Results. The study showed that public funding of public-private partnership projects in Ukraine is carried out through the use of direct and indirect state support. It is established that its forms are insufficiently adapted in domestic practice, as they have a restrictive nature of action, and also contain many gaps in the legislation. Conclusions. Increasing the investment attractiveness of infrastructure projects implemented on the basis of public-private partnership requires state support. At the same time, state and local authorities should adhere to the provisions: providing state support in the process of implementing strategically important PPP projects in the field of socio-economic activities by legislative regulation of the procedure for determining the level of contribution of a supported investment project; determining the type of financial participation of the state (provision of state guarantees, subsidies or budget investments) should be based on economically justified performance indicators; involvement of state representatives to assess the feasibility of choosing certain forms of state support, forecasting the possible risks to prevent budget imbalances; ensuring transparency of public funding of PPP projects, which will increase the level of confidence in the investment market.

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