scholarly journals LEGAL MEANS AND INSTRUMENTS OF REGULATION ECONOMIC RELATIONS IN UKRAINE

2021 ◽  
pp. 45-50
Author(s):  
I.S. Pyroha ◽  
S.S. Pyroha
Keyword(s):  
Economic Development ◽  
Exchange Rate ◽  
Budget Deficit ◽  
Domestic Market ◽  
The State ◽  
Main Element ◽  
State Budget ◽  
Economic Relations ◽  
The Exchange Rate ◽  
The Stability

The paper investigates the most optimal forms and methods of legal influence on public relations in the field of economics. The absence of the main element of the economic mechanism – competition requires a proper assessment of the causes of existing problems, the right choice and the optimal set of means of influencing economic relations in order to accelerate the socio-economic development of Ukraine. Among the numerous legal problems of state regulation of the socio-economic sphere, two are identified, which are interdependent – ensuring the stability of the hryvnia exchange rate and increasing the share of goods of own production in the domestic market. To ensure the stability of the hryvnia exchange rate, the need to fix it for a long time with the establishment of an allowable range of fluctuations, in which the exchange rate changes in both directions with equal probability, is substantiated. The devaluation of the exchange rate should not be planned in the State Budget and used as a way to hide its actual deficit. The real budget deficit should be determined by the sum of the percentage of hryvnia devaluation and the percentage of the planned direct budget deficit. The hryvnia exchange rate should not be fixed in the State Budget, as such a provision of the law releases the National Bank of Ukraine from the constitutional obligation to ensure the stability of the hryvnia exchange rate provided for in Art. 99 of the Constitution of Ukraine. The means of maintaining a stable hryvnia exchange rate is to increase the share of goods / services of own production in the domestic market and to reach the minimum critical level of 50% within one or two years. To assess the achieved level, it is not necessary to use statistical indicators, but only the actual amounts of VAT contributed to the budget received from the sale of goods / services. Achieving the proposed level involves the transition to innovation and investment model of economic development. Two own sources of investment are proposed – the introduction of a new tax on exported capital and the forced legalization of capital exported from Ukraine earlier.

scholarly journals STATE BUDGET OF UKRAINE AND CURRENT PROBLEMS OF ITS FUNCTIONING

2020 ◽  
Vol 11 (87) ◽  
Author(s):  
Lyubov Petyk ◽  
◽  
Vasylyna Ihnatyshyna ◽  
Uliana Skydan ◽  
◽  
...  
Keyword(s):  
Economic Development ◽  
The State ◽  
Public Expenditures ◽  
State Budget ◽  
Economic Relations ◽  
Macroeconomic Imbalances ◽  
Modern Development ◽  
Financial Plan ◽  
Sovereign Defaults ◽  
The Stability

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 peculiarity of the budget as a financial plan is that it has the force of law. The legislative nature of the budget provides appropriate conditions for monitoring the use of budget funds and strengthening its impact on the efficiency of social production. Financial imbalances as an objectively existing reality are an integral determinant of modern development, and the form of their manifestation is the crisis phenomena, which in retrospect of global development have repeatedly led to sovereign defaults. At the present stage in Ukraine the problem of analysis of factors and components of economic growth is quite acute in order to level the main macroeconomic imbalances and imbalances and stabilize further economic development. This article considers the main problems of imbalance of the state budget of Ukraine, analyzes the objective and subjective factors of revenue and expenditure of the State Budget of Ukraine. The essence of the concept of "state budget" is highlighted. The article examines the problems of imbalance of the state budget. The statistical data of expenditures and revenues of the state budget of Ukraine for 2019-2020 are analyzed. Ways to improve the balance of the state budget are proposed. It is considered that it is rather difficult to ensure equality of revenue and expenditure parts of the budget. It can be achieved if we constantly restrain the growth of government spending and establish a level of taxation in the country that will be sufficient to generate income to cover public needs. It is investigated that an important factor in the stability of the budget system is the balance of local budgets.

IMPACT OF GOVERNMENT DEBT ON FINANCIAL SECURITY OF UKRAINE

2017 ◽  
Author(s):  
Olena Pikaliuk ◽  
◽  
Dmitry Kovalenko ◽  
Keyword(s):  
Economic Development ◽  
Public Debt ◽  
Positive Impact ◽  
The State ◽  
Financial Security ◽  
State Budget ◽  
The Public ◽  
Debt Security ◽  
The Stability ◽  
The Impact

One of the main criteria for economic development is the size of the public debt and its dynamics. The article considers the impact of public debt on the financial security of Ukraine. The views of scientists on the essence of public debt and financial security of the state are substantiated. An analysis of the dynamics and structure of public debt of Ukraine for 2014-2019. It is proved that one of the main criteria for economic development is the size of public debt and its dynamics. State budget deficit, attracting and using loans to cover it have led to the formation and significant growth of public debt in Ukraine. The volume of public debt indicates an increase in the debt security of the state, which is a component of financial security. Therefore, the issue of the impact of public debt on the financial security of Ukraine is becoming increasingly relevant. The constant growth and large amounts of debt make it necessary to study it, which will have a positive impact on economic processes that will ensure the stability of the financial system and enhance its security.

The Financial System Stability: The Essence, Vulnerability, Ways to Provide

2021 ◽  
pp. 81-90
Author(s):  
Yurii Lupenko ◽  
◽  
Yurii Radionov ◽  
◽  
◽  
...  
Keyword(s):  
Budget Deficit ◽  
Financial System ◽  
Decisive Role ◽  
The State ◽  
System Stability ◽  
State Budget ◽  
Internal Factors ◽  
Endogenous Factors ◽  
The Government ◽  
The Stability

The state financial system must function smoothly and respond promptly to destabilizing exogenous and endogenous factors that can arise at any time. Therefore, ensuring the financial system's stability and improving its mechanisms is an important component of public policy. The purpose of the article is to reveal the essence of the financial system's stability, identify internal factors of the financial vulnerability of Ukraine that may affect the effectiveness of the country's financial system, and find ways to overcome them. The content of the concept of "stability of the financial system" is revealed. It is established that the use of different terminology indicates the complexity and, at the same time, the versatility of this term. According to international experience, the country's central bank has a decisive role in assessing the stability of the financial system; in Ukraine, this function is performed by the National Bank of Ukraine. It was found that inefficient use of budget funds is one of the key factors in the financial system's vulnerability. The state of execution of the State Budget of Ukraine in 2020 is analyzed. It has been established that over the last decade, the budget has been executed with a deficit, and the existence of a significant budget deficit leads to a movement in the “debt spiral”. The Government borrows a significant amount of money to implement the budget, and therefore it is becoming increasingly difficult to attract them on reasonable terms. Failure to receive the funds leads to late spending. Thus, the budget deficit, public debt, and inefficient use of budget funds are the internal factors that increase the financial system's vulnerability and undermine its stability.

EFFECTS OF A PUBLIC DEBT AND DEFICIT BUDGET

2018 ◽  
Vol 8 (2) ◽  
pp. 140-144
Author(s):  
Daniel Szybowski
Keyword(s):  
Economic Development ◽  
Public Debt ◽  
Budget Deficit ◽  
Foreign Capital ◽  
The State ◽  
Financial Policy ◽  
Foreign Investments ◽  
State Budget ◽  
The Public ◽  
High Level

The aim of the article is to present a problem concerning the effects of the public debt and the budget deficit. The public debt is a result of the lack of adequate income earned by the financial sector, what means that it must incur liabilities to be able to carry out its tasks or improper management of the state budget funds - what results in the budget deficit. The size of the state's debt and the public debt has a very large impact on the socio-economic situa-tion of the country as well as on its financial policy. Due to the high indebtedness of the state, the whole economy is disturbed, the state authorities are not able to allocate an adequate amount of the funds to stimulate invest-ments. Such actions slow down the dynamics of economic development, what means that the state authorities most often look for savings. Unfortunately, this usually happens at the expense of the ordinary(?) citizens. Countries that have a high level of the debts tend to lose their credibility internationally. This may result in the fall in the foreign investments and the outflow of the foreign capital.

scholarly journals Mechanism of Increasing the Sustainability of Socio-economic Development of Regions with Using GIS-technologies

2019 ◽  
Vol 8 (4) ◽  
pp. 84-93 ◽  
Author(s):  
O. Y. Smyslova ◽  
P. V. Stroyev ◽  
N. N. Nesterova
Keyword(s):  
Economic Development ◽  
Spatial Development ◽  
The State ◽  
Business And Society ◽  
Geoinformation System ◽  
Geoinformation Systems ◽  
Economic Relations ◽  
Gis Technologies ◽  
Socio Economic Development ◽  
The Stability

The purpose of the work is to develop a mechanism for increasing the socio-economic development sustainability of the region based on the application of modern GIS technologies. The subject of this work is the organizational and economic relations that arise in the process of constructing a geoinformation system for modeling the spatial development of territories. This system is aimed at achieving sustainable economic growth in the region. The methods of empirical research (observation, comparison, collection and study of information), methods of current and prospective analysis and theoretical and practical material synthesis were used in the work. The article analyzes the available publications on the issues of regional sustainable development, which allowed to conclude of necessity to introduce modern geoinformation systems for the operational collection, processing and analysis of primary information on indicators of socio-economic development of the territories. The developed mechanism for increasing the sustainability of the socio-economic development of the region using geo-information systems includes three conceptual blocks: creation and functioning of a regional GIS-center with constant fi of databases and updating of operating systems; geoinformation system of macroeconomic and spatial territory development data analysis; modeling of regional development taking into account individual features of the territory and targets for sustainable socio-economic development. This mechanism is designed to increase the stability of the socio-economic development of the region, by taking into consideration the balance of interests of the state, business and society. This will ensure a non-decreasing rate of opportunity growth to meet the needs of present and future generations who live in the given territory and the preservation of the environment. The proposed mechanism for increasing the stability of spatial development of regions on the basis of geoinfrational technologies is a tool for improving the management system in the framework of implementing the state and regional economic policy of spatial development of Russia. The use of geoinformation systems in the development of measures to increase the sustainable socio-economic development of the region contributes to improving the quality of the complex system state analysis. It contributes to the solution of practical problems in allocating resources or analyzing the effectiveness of their deployment. It also contributes to the implementation of the strategic planning principles using digital technologies and to ensure the timeliness of the decisions made in the field under investigation.

scholarly journals STABILITY OF THE NATIONAL CURRENCY AS A FACTOR IN ENSURING THE ECONOMIC SECURITY OF THE STATE

2021 ◽  
Vol 9 (2) ◽  
pp. 76-80
Author(s):  
Andrey Minakov ◽  
Elena Egorova
Keyword(s):  
Exchange Rate ◽  
Security Analysis ◽  
Economic Security ◽  
The State ◽  
National Currency ◽  
Goods And Services ◽  
Security Research ◽  
The Exchange Rate ◽  
The Stability ◽  
The Impact

At the present stage, the question of the stability of the national currency is beginning to take on particular relevance. Since its fluctuations have a certain impact on the financial market and, at the same time, on other sectors of the economy, since money itself is the only meter of the value of goods and services, the national currency becomes an important factor in the development of the national economy and its economic security. And given the current instability, the study of this issue will identify effective public policies that will be based on ensuring the country's economic security through the stability of the national currency, since without the elaboration of measures to ensure the sustainability of the national monetary unit it is impossible to achieve macroeconomic stability of the country. The main purpose of the article is to identify the impact of changes in the national currency on the economic development of the country in order to develop directions regarding the stabilization of the exchange rate, in order to minimize threats to economic security. Research methods: The work uses the dialectical-materialistic method of knowledge and general scientific, special and private-scientific methods based on it. In particular, the work uses logical, comparative, methods of analysis (namely statistical, etc.), synthesis. Results of the study: The article examines the main approaches to understanding the main factors influencing the formation of the national currency of its exchange rate, as well as the effects of changes in the exchange rate on the development of the state's economy and ensuring its economic security, analysis of statistical data of changes in the country's national currency. The conclusion is made about the existing problems and possible directions of solution. Applied value of the material: The article is of practical value as part of the search for directions to ensure the economic security of the state.

Transformation of Scientific Approaches to the Practice of Regulating the Socio-Economic Development of a Region

2018 ◽  
Vol 11 (4) ◽  
pp. 102-110
Author(s):  
N. P. Molchanova
Keyword(s):  
Economic Development ◽  
Regional Economy ◽  
Historical Context ◽  
Scientific Discipline ◽  
State Regulation ◽  
The State ◽  
Economic Relations ◽  
Current Period ◽  
Socio Economic Development ◽  
Legislative Framework

The paper deals with the methodology and practice of the state regulation of the regional economy based on the legislative framework and works of Russian scientists in the historical context with account for the specifics of the current period of market transformation. The subject of research is organizational and economic relations, aimed at improving the management efficiency of regional socio-economic development. The purpose of research was to identify the key problems of the regional economy regulation preventing the balanced functioning of administrative-territorial entities and substantiate the need to boost measures of state support. Based on the dialectical cognition method and the system approach, the positions of leading scientists and scientific schools on topical issues of the regional economy as a scientific discipline were analyzed, which made it possible to identify the main reasons hampering socio-economic transformations and justify measures for running a more active regional policy. It is concluded that consistent improvement of methodological and organizational approaches creates prerequisites for improving the results of the socio-economic development at the regional level; however, in the current situation of the macroeconomic instability serious problems may arise to be resolved primarily by the state regulation.

Effectiveness of Tax Policy of Ukraine: Evidence and Economy Implications

2020 ◽  
pp. 124-131
Author(s):  
Olena P. Slavkova ◽  
Oksana I Zhilinska ◽  
Maksym Palienko
Keyword(s):  
Economic Development ◽  
Tax Evasion ◽  
Tax Policy ◽  
The State ◽  
State Budget ◽  
Advantages And Disadvantages ◽  
State Tax ◽  
State And Local ◽  
Tax Payments

The article deals with the peculiarities of the formation and implementation of tax policy in the country. The analysis of change of tax receipts to the state and local budgets is carried out. The role of tax payments in the economic development of the country is determined. The efficiency of the state tax policy in Ukraine is analyzed, its advantages and disadvantages are determined. The important role of tax payments in stimulating economic and social development is substantiated. The analysis of the elasticity of change of indicators of economic development of the country from the change of volume of tax receipts to the budget is carried out. The necessity of improving the existing policy of establishing, accrual, payment, and distribution of tax revenues as one of the most promising areas to stimulate economic growth is concluded. Keywords: tax policy, revenues, tax evasion, state budget, elasticity, economic development

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 The Impact of Russia’s Oil-Dominated Energy Economic Changes on the Exchange Rate of Russian Ruble – Chinese Renminbi

2017 ◽  
Vol 13 (22) ◽  
pp. 173
Author(s):  
Maoguo Wu ◽  
Yue Yu
Keyword(s):  
Economic Development ◽  
Exchange Rate ◽  
Exchange Rates ◽  
Explanatory Power ◽  
Close Relation ◽  
Policy Implications ◽  
The Exchange Rate ◽  
Exchange Rate Changes ◽  
Pillar Industry ◽  
The Impact

Russia’s economic development has a close relation with China, due to geographical and historical reasons. This paper investigates whether the ruble – renminbi exchange rate changes accordingly when the pillar industry of Russia is drastically changing, and how the exchange rate changes and how it affects Russia’s economic development. In this paper, data of 7 variables spanning 122 months are selected based on related literature and availability of data. Regression analysis and empirical tests are carried out consequently. The results show that the energy price index represented by oil prices is negatively correlated with the exchange rate, and the explanatory power is as high as 41.1%. Following basic arbitrage methods and strategies, this paper verifies the feasibility of using arbitrage by comparing actual exchange rates with forecasted exchange rates. According to empirical results, problems witnessed in the process of ruble internationalization provides policy implications for China. China’s economy is utilized as an example to discuss the shortcomings of Russia’s economy. Related solutions are proposed.

Sign in / Sign up

Export Citation Format

Share Document