scholarly journals The methodological approaches development to assess the creation and use of the financial capacity of the state

2019 ◽  
Vol 8 (1) ◽  
pp. 28-43
Author(s):  
Nataliya Vyhovska ◽  
Andrii Polchanov ◽  
Khaled Aldiwani ◽  
Fathi Shukairi
Keyword(s):  
Interest Rates ◽  
Methodological Approach ◽  
The State ◽  
Alcoholic Beverages ◽  
Financial Resources ◽  
Nominal Wage ◽  
Cash Income ◽  
State Budget ◽  
Financial Capacity ◽  
The Creation

The article focuses on the development of scientific and methodological approach to determining the level of creation and use of financial capacity to identify current trends of its transformation and perspective directions for development. The research urgency is due to the need to ensure high level of national security, ineffective use of the existing financial capacity of the state, disputability of scientific approaches to identifying its components and the need to choose the vector for the state’s further development. This requires additional research methodological aspects aimed at obtaining objective and well-founded assessment of the financial capacity level. The methodological approach proposed involves comparing the actual rated values of creation and use of the authorities’ financial resources (the ratio of the deficit/surplus of the state budget to GDP, the level of GDP redistribution through the consolidated budget, the ratio of the government and government-guaranteed debt to GDP and gross international reserves of Ukraine in the months of imports), financial resources of business entities (the level of listing companies capitalization, the ratio of non-performing loans to total gross loans, credit interest rate, companies’ ROA) and the financial resources of households (the share of cash income in total household resources, the ratio of the average amount of old-age pension to the average monthly nominal wage, the share of spending on food and non-alcoholic beverages in total household spending) with their recommended limits and the establishing a scoring making it possible to form an integral indicator that reflects the level of creation and use of the state’s financial capacity. The methodological approach has been tested using Ukraine as an example. This has made it possible to identify the negative tendencies of the creation and use of Ukraine’s financial capacity (the state budget imbalance, significant debt burden on the budget, high interest rates, significant share of household expenditure on consumption). Based on the results, perspectives for development of the state’s financial capacity are proposed.

Measures of financial control over the development of united territorial communities

2021 ◽  
pp. 81-90
Author(s):  
Taras H. Vasyltsiv ◽  
Olha P. Mulska ◽  
Yuliya K. Shopska
Keyword(s):  
Methodological Approach ◽  
The State ◽  
Practical Significance ◽  
Financial Resources ◽  
Financial Control ◽  
State Budget ◽  
Financial Capacity ◽  
Rational Distribution ◽  
Social And Economic Development ◽  
Further Development

The purpose of the article is to substantiate new measures of financial control over the development of united territorial communities. The article examines the relevance of the introduction of a system of financial control over the development of united territorial communities in Ukraine. The authors prove that the main goal of proper financial control of the further development of the united territorial communities in Ukraine was actualized for the three reasons: rational distribution and efficient use of financial resources; ensuring the upward dynamics and territories’ sustainable development. The features, goals, and objectives of financial control of the development of territorial communities are outlined. The essence of the concept of financial control of the development of territorial communities is specified. The results of the analysis of several indicators of financial development of the united territorial communities in Lviv region are given and the conclusion about the disproportions of financial support of community development is systematized. The author's methodological approach to the analysis of the integral coefficient of financial capacity of territorial communities of the region is developed. The analysis of the state of financial capacity of the united territorial communities in Lviv region is carried out. The scientific novelty of the research lies in substantiating the author's methodological approaches to grouping and comparative analysis of united territorial communities based on indicators of income and expenditure, grants and subventions from the state budget, which allowed to identify the level of financial capacity and assess the effectiveness of the use of financial resources in each united territorial community in Lviv region. The practical significance of the research is that the implementation of the results of the financial capacity analysis can be used as informative and analytical measures of financial control over the development of local communities. Other perspective guidelines concerning measures of improvement of financial control in the processes of social and economic development of communities are outlined.

scholarly journals DECOMPOSITION OF FINANCIAL CAPACITY OF UKRAINIAN HOUSEHOLDS IN THE CONDITIONS OF CHANGING ECONOMIC ENVIRONMENT: REGIONAL SECTION

2021 ◽  
Vol 2 (3) ◽  
pp. 68-77
Author(s):  
Olha Mulska ◽  
Taras Kloba
Keyword(s):  
Consumer Behavior ◽  
Methodological Approach ◽  
The State ◽  
Economic Behavior ◽  
Financial Behavior ◽  
Financial Resources ◽  
Effective Management ◽  
Financial Capacity ◽  
Financial Condition ◽  
Study Results

Challenges of economic instability update the study of their impact on the architecture of economic and consumer behavior of Ukrainian households, which determines their financial capacity. The purpose of the article is to carry out a comparative analysis of the financial capacity of Ukrainian households at the regional level and to identify applied features of consumer behavior in the economic crisis. The object is the financial capacity of Ukrainian households in terms of regions. The subject of research: analysis of different models of behavior of households in Ukraine (consumer, investment, and savings), which will determine the financial orientation of families by region. Research methodology. The methodological tools for assessing the economic behavior of households with the definition of its leading models - consumer, investment, savings, the correlation of which allows to determine the decomposition of the financial capacity of the territory (country, region, community). The methodological approach has been tested, which can serve as a basis for structuring management tasks in terms of strengthening the investment activities of households, ensuring the optimal structure of consumer spending to form the territory's resilience to financial shocks. An analysis of the economic behavior of households, based on the assessment of reflections – consumer, investment, and savings - as a result of the subject's understanding of its financial capacity, expressed in terms of costs and financial resources. The study results can help reflect the state of providing the entity with financial resources. These other tangible and intangible assets may be capitalized shortly and reoriented from consumption and savings to investment purposes of financial capacity of households in Ukraine. Improving the financial condition of households is closely linked to the resumption of economic activity of enterprises, as families are one of the most critical economic categories. An essential tool is an effective regional policy to level interregional disparities and effective long-term strategies for household financial behavior. Particular attention should be paid to financial planning, which is a prerequisite for effective management and control over the financial condition of households, which will balance the structure of income and expenditure, avoid unplanned expenses, rational use of available resources. When it comes to making financial decisions, they are always sensible, planned based on the real needs of household members or the adequacy of financial resources. Prospects for further research will be problem-solving, which is possible only at the state level and requires effective management decisions and the identification of different macroeconomic trends in the national economy.

scholarly journals Optimization tools of education network

2021 ◽  
Vol 70 (3) ◽  
pp. 7-15
Author(s):  
L. Benovska
Keyword(s):  
Public Involvement ◽  
Local Community ◽  
The State ◽  
Educational Institutions ◽  
Infrastructure Management ◽  
State Budget ◽  
Financial Capacity ◽  
School Network ◽  
Decentralization Reform ◽  
Education Network

It is determined that school as a center of human capital formation, and as an institution requiring effective funding and management is the asset of the territorial community development. The main problems of the development of educational network of territorial communities in Lviv region related to the inconsistency of the educational network development to the demographic situation in the region, as well as the inefficient management system of educational institutions are identified in this paper. Non-optimized educational network is a burden on the development of the local community, as the community is forced to spend its own funds to finance educational needs, which in turn limits the funding of other activities, including infrastructure expenditures, development expenditures which are important for community life. The implementation of administrative and territorial decentralization reform faciliated the strengthening of local authorities role in educational infrastructure management, the increase of educational institutions autonomy and active public involvement in solving the problems of their management. The main tools for optimizing the educational network of local communities in the context of decentralization reform are identified and analyzed in this paper. The author considers them as: change of the principles of funding and transition to «funding per student», use of educational subvention and quantitative criteria for funding schools from the state budget, formation of educational districts and support institutions. Compared to other regions, Lviv region has dynamically reformed its educational network. However, the united territorial communities of Lviv region are less active founders of basic educational institutions than districts, and the students who study there, demonstrate lower level of knowledge in the assessment of the state final attestation and externally independent assessment. The influence of the educational subvention on the changes of the educational network in Lviv region is determined. It is determined that the use of buffers in the calculation of the index of financial capacity of the school network in 2021, significantly affected the level of differentiation of the index of financial capacity. This approach can be an obstacle to the optimization of the school network.

The state and extreme poverty in Botswana: the San and destitutes

1999 ◽  
Vol 37 (2) ◽  
pp. 185-205 ◽  
Author(s):  
Kenneth Good
Keyword(s):  
Political Power ◽  
The State ◽  
Financial Resources ◽  
Extreme Poverty ◽  
The Creation

The rise of wealth and power within the cattle-owning economy of Botswana has been accompanied by the creation of poverty and weakness. The impoverishment of the San and ‘destitutes’ was a structured, comprehensive, and long-term process, caused less by phenomena such as periodic drought than by an elite of economic and political power, and the exploitation which they practised. The growth economy of recent decades has not ameliorated the situation, but has strengthened the wealthy while neglecting or worsening the plight of the San. The state possesses the financial resources and developmental capacities to alleviate poverty, but its controllers continue to prioritise other matters.

scholarly journals ANALYSIS OF THE TAXONOMIC COMPOSI TION OF THE LLANDOVERIAN AND WENLOCKIAN FOSSILS OF MOLDAVIAN PRIDNESTROVYE ENTERED IN THE ELECTRONIC DATABASE “THE PALAEONTOLOGY OF PRIDNESTROVYE”

2021 ◽  
Vol 26 (1(38)) ◽  
pp. 169-191
Author(s):  
A. V. Anastas
Keyword(s):  
Sedimentary Rocks ◽  
The State ◽  
Electronic Database ◽  
Problem Statement ◽  
State Budget ◽  
Good Opportunity ◽  
Geological Surveys ◽  
The Creation ◽  
Stratigraphic Sequences ◽  
Local Scheme

Problem statement and purpose. In geological surveys of the territory of the Moldavian SSR from the 1960th to the 1990th, deep horizons of Palaeozoic sedimentary rocks were discovered, the leading place among which belongs to the Silurian deposits. At that time, several dozen species and genera of fossils were identified in the Silurian of Moldavian Pridnestrovye. In 2020, as part of the work financed from the state budget on the theme of the creation of GIS “The Geology of Pridnestrovye”, the laboratory “The Geological Resources” developed an electronic database called “The Palaeontology of Pridnestrovye”. The fauna included in the database of palaeontology was divided into groups corresponding to their palaeontological classes and stratigraphic horizons: “Ordovician brachiopods”, “Silurian tabulates”, “Palaeogene foraminifers”, “Neogene bivalves”, etc. Species and genera of the fauna were linked to specific formations and locations, which provides good opportunity for palaeontological analysis of individual formations, horizons, cores of drilling and outcrops. The purpose of this article is to compile lists of fauna from the Llandoverian and Wenlockian formations of Moldavian Pridnestrovye and to compare their chronology with fossil fauna data on the sameage rocks of Podillia, Estonia and Lithuania. Material and methods. Four survey reports deal that on sheets L‑35-V and L‑35-XII were used as the material. The goal was concerning the sedimentary rocks of Llandovery and Wenlock Series. In the local scheme it corresponds to the Marasesti, Step-Soci, Cioc-Maidan (all in Llandovery), Balti formations and Lower Puhoi subformation (Wenlock). The intervals of the formations in boreholes are composed of organogenic limestones, silty, argillaceous stones, argillites and dolomites. The species and genera of the fauna from these intervals are compared with the biostratigraphic data from Podillia, Estonia and Lithuania. Results. In the stratigraphic sequences of Llandovery and Wenlock of the Moldavian Pridnestrovye, (in most cases) species and genera unique to those divisions of brachiopods, tabulates, stromatoporoids, ostracods, rugosans, and trilobites were identified by specialists; a smaller part of the taxa pass between the lowest formations of the Silurian and the overlying Balti formation. Most taxa have correspondences in the Podillian and Baltic basins; however, in these regions, the species and genera identified in Llandovery or Wenlock of Moldavian Pridnestrovye are mostly transitive between Silurian divisions, up to the Ludlow and Pridoli Series. There is practically no identified fauna in the Lower Puhoi sub-formation of Moldavian Pridnestrovye because of its facial specifics. The species Acidolites lateseptatus (Lindstroem), Altha modesta Neckaja, Longiscula caudalis (Jones) in Llandovery and Pentamerus oblongus Sowerby, Halysites catenularius Linnaeus = Halysites priscus Klaamann in Llandovery and Wenlock Series were the only guideing fauna for the first two Silurian series of Moldavian Pridnestrovye. Due to the attribution of the Muksha sub-formation of Podillia to Ludlow Series, no guiding species of the Wenlock stage was identified in the Balti formation of Moldavian Pridnestrovye.

The social assistance system in Poland and its financing in 2015-2018 as a factor of the stabilization of the socio-economic policy of the state in turbulent conditions

VUZF Review ◽  
2021 ◽  
Vol 6 (2) ◽  
pp. 190-197
Author(s):  
Piotr Fraczek ◽  
Mateusz Kaczmarski
Keyword(s):  
Economic Policy ◽  
Social Assistance ◽  
The State ◽  
Assistance System ◽  
Financial Resources ◽  
State Budget ◽  
Scientific Publications ◽  
The Social ◽  
The World ◽  
Budget Expenditure

Most developed countries in the world strive to provide their citizens with adequate living conditions and ensure a high level of social security. This security system also includes social assistance, which is the last level of state policy in supporting its citizens who find themselves in a difficult life situation. Apart from fulfilling a protective role, the social welfare system also plays a stabilizing role in the socio-economic policy of the state. Problems related to the social system and financial resources allocated to their functioning from the state budget are the subject of many scientific publications around the world. Meanwhile, in Poland, there are few scientific publications on the effectiveness and financing of expenditure for social purposes, including the social assistance system. Identifying the level of financial resources allocated to the social assistance system may be the first step to rationalizing the system of financial transfers from the state budget. The article aims is to identify the level of budgetary expenditure allocated in Poland in 2015-2018 to the social assistance system. The analyzes carried out indicate that in the period 2015-2018, budget expenditure on the social assistance system and supporting families increased. In 2018, these expenses accounted for as much as 12.7% of the total state budget expenditure. There is a noticeable tendency consisting of reducing financial resources allocated to social assistance while increasing budgetary transfers directed to families with children - government's "Family 500+" program.

scholarly journals Impact of Tax Policy on the Business Economy

2021 ◽  
Vol 10 (1) ◽  
pp. 19-23
Author(s):  
Miriam Buliková ◽  
Peter Bielik ◽  
Stefaniia Belinska
Keyword(s):  
European Union ◽  
Tax Policy ◽  
Slovak Republic ◽  
The State ◽  
Alcoholic Beverages ◽  
The European Union ◽  
State Budget ◽  
Tax System ◽  
Excise Taxes ◽  
Indirect Taxes

Abstract Taxation and tax policy are relatively much-discussed topics within every society, and this has been so in the past, it is today, and it will be in the future. This is mainly due to the fact that no person or company is too fond of having to pay a certain part from their funds to the state in the form of taxes. Each state chooses its own tax policy and its own tax system so that the specified tax policy does not impede economy and economic development, but on the contrary, supports the business and economic growth. After the accession of the Slovak Republic to the European Union, Slovakia had to accept a certain state of tax regulations and rules that was valid in the European Union. This was mainly in order to use the common European market. The Slovak Republic has created its tax system in accordance with the rules of the European Union and has been trying to find a compromise between the amount of taxes necessary for the fulfilment of the state budget and the amount of taxes that would be most acceptable for the business sector and for people. Within the tax system, the Slovak Republic divides taxes into direct and indirect taxes, direct taxes imposed on labour, income and property, and taxes on consumption by indirect taxes. Recently, the prevailing opinion is that taxation should gradually shift from direct taxes to indirect taxes, to motivate people and businesses to achieve the best possible results, and subsequently raise the necessary funds based on the increased consumption. Recently, both in Slovakia and in the European Union, new excise taxes have been increasingly introduced. Traditional excise taxes such as taxes on mineral oils and fuels, tobacco and alcoholic beverages are complemented by energy, environmental, and electronic taxes. Slovakia and the European Union want to reduce the burden on the environment through these taxes on the one hand, and on the other hand, they must respond to the new challenges of globalization, information, and communication.

scholarly journals QUANTIFICATION OF THE ECONOMIC EFFECT FROM THE MANAGEMENT OF STATE FINANCE OF UKRAINE

2021 ◽  
pp. 69-86
Author(s):  
Alla KHOMUTENKO
Keyword(s):  
Financial Stability ◽  
Methodological Approach ◽  
Economic Effect ◽  
The State ◽  
Economic Effects ◽  
State Budget ◽  
Financial Flows ◽  
State Sector ◽  
Finance Management ◽  
State Finance

Introduction. The results achieved in managing state finances can be expressed through organizational, social and economic effects. They are dialectically related and, to a large extent, determine the degree of satisfaction of public interests that change over time. Financial indicators obtained in the budget sphere and in the state sector of the economy, characterize the economic effect of managing state finances. Economic effect, as a rule, confirms the feasibility of a functioning managerial apparatus and the effectiveness of its decisions in all spheres of society. The purpose of the article is to evaluate the economic effect of managing state finances of Ukraine, based on the author’s methodological approach, and substantiate the directions for its increase. Results. The indicators of the economic effect of state finance management are defined in the article. The analysis of individual indicators of fiscal, debt, investment and innovation stability in the state, as well as the financial stability of subjects of the state sector of the economy for 2008–2018. The tendencies of performance indicators of the plan of the State Budget of Ukraine, the reliability of the profitable part of Pension Fund of Ukraine, revenues from privatization, external state debt, efficiency and level of mastering of budget investments are established. The number and structure of the state sector, its financial contribution to the national economy are investigated. The necessity of carrying out a number of priority measures that will positively affect the indicators of the economic effect of managing state finances of Ukraine is substantiated. Conclusions. According to the results of the assessment of the economic effect of the efficiency of state finance management it is necessary to apply measures aimed at ensuring budgetary, debt, investment and innovation stability and financial stability of state sector entities. For example, it is necessary to improving the management of state-owned enterprises, in particular: 1) to change methodological approaches to assessing the effectiveness of state sector management; 2) to establish the relationship between the budget funding of the state sector of the economy and the results of its work; 3) to use budget lending as a tool for managing the initial financial flows of the state budget; 4) to increase the responsibility of heads of state enterprises for the results achieved by them. It is proposed to improve the management of budget investments due to: 1) the development of the institution of public-private partnership in certain areas of the economy such as infrastructure, science, etc.; 2) intensification of the use of innovation potential through the creation of innovation clusters, business incubators, etc.; 3) improving the quality of evaluation of the investment project, which will positively affect the effectiveness of its implementation; 4) reorientation of the directions of movement of funds from investments in means of production to investments in human resources, which has a long-term perspective, but with higher profitability; 5) securing for the state intellectual property rights for the development of state research institutes (patents, certificates, etc.), which will provide additional revenue from franchises and trademarks.

scholarly journals The current trends in the development of budget crediting in Ukraine

2020 ◽  
Vol 66 (5) ◽  
pp. 67-77
Author(s):  
O. Grebinchuk ◽  
A. Hora
Keyword(s):  
Interest Rates ◽  
Specific Weight ◽  
Mortgage Lending ◽  
The State ◽  
Regulatory Framework ◽  
Social Program ◽  
Social Programs ◽  
State Budget ◽  
Actual Performance ◽  
Loan Terms

General directions of budget crediting in Ukraine, as well as the conditions and current state of financing of the main existing economic and social programs are investigated in this paper. Based on the analysis of the regulatory framework and literature sources, the peculiarities of budget crediting as a type of credit relationships are identified, its principles and main functions are characterized. According to the statistical reporting of the State Treasury Service, the dynamics of the implementation of the planned indicators of domestic budget crediting for the last five years, as well as the distribution of the implementation of the relevant indicators by industries are analyzed. Modern social programs of lending from the state budget according to the following direction: the preferential mortgage youth lending, preferential lending to legal entities (including housing cooperatives) for the reconstruction and repair of housing and communal services; preferential lending for vocational and higher education; preferential mortgage lending to internal employees and participants of the anti-terrorist operation/environmental protection are investigated. Loan terms, interest rates on loan programs, terms of exemption from interest and partial/full loan repayment are identified. The actual performance indicators of each social program are analyzed. In addition, the economic programs for agricultural producers support are considered, conditions for granting and repaying loans, as well as the state of their financing from the moment of introduction till present are analyzed. It is determined that under the conditions of economic crisis budget crediting programs are financed on a regulatory framework. Under the current conditions of chronic budget funds shortage, the budget lending programs are not able to operate on the permanent basis. As a result, the State Fund for Youth Housing stopped to provide loans for most programs. The necessity of regulation of the normative-legal base on the issues of budget crediting and redistribution of the expenditure part of the budget is substantiated, increasing the specific weight of budget crediting for increase of efficiency of budgetary funds use.

scholarly journals UNIVERSITY FINANCIAL AUTONOMY: EXPERIENCE OF LATVIA

2019 ◽  
pp. 306-318
Author(s):  
Inna Vlasova
Keyword(s):  
Higher Education ◽  
Higher Education Institutions ◽  
Academic Staff ◽  
Scientific Activity ◽  
The State ◽  
Financial Resources ◽  
Institutions Of Higher Education ◽  
State Budget ◽  
Financial Autonomy ◽  
Formula Funding

The analysis of legislative support of higher education of Latvia was carried out. It was defined, that institutions of higher education are autonomous institutions of education and science with the right to self-government. The autonomy of higher education institutions is characterised by the division of power and responsibility between the State authorities and the management of the institution of higher education, as well as between the management and the academic staff. The sources of funding of higher education institutions from state sources were found out. They include the financial resources of the state budget for education; income from tuition fees; targeted financial resources. The types of economic activity of higher education institutions were determined. The components of the system of state funding of higher education institutions were highlighted: formula funding (basic funding of studies), which is related to the number of study places; performance agreements for preparation of a certain number of specialists and for development of scientific activity; 3) formula funding (basic funding of science) for institutions of higher education, scientific institutions, and scientific institutes established by institutions of higher education; 4) funding to scientific activities through competitions. The allocation methods of state financial resources for higher education institutions were determined. The first one includes direct allocations from the state budget to higher education institutions. The second one involves indirect subsidies through state-guaranteed loans. The components of new three-pillar model of state higher education funding were presented. They are: basic (base) funding, performance funding, and innovation- and profile-oriented financing. The analysis of financial autonomy indicators of universities was carried out.

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