scholarly journals BUDGET PLANNING AS AN IMPORTANT FACTOR IN ENSURING ECONOMIC GROWTH

2021 ◽  
Author(s):  
Yurii Radionov ◽  
Keyword(s):  
Economic Growth ◽  
Causal Link ◽  
Planning System ◽  
Financial Resources ◽  
Budget Process ◽  
Effective Management ◽  
Budget Planning ◽  
The Public ◽  
Existing Problems ◽  
Efficiency And Effectiveness

Budget planning is an important tool for effective management and use of budget funds. Given the limited financial resources, budget planning prevents waste, promotes economical use of budget funds, and the public administration system to fairly allocate financial resources to priority areas of economic, social, regional policy, to form a basis for sustainable economic development. The purpose of the study is to reveal the essence of budget planning as a tool for economic growth, highlight the existing problems in the budget planning system of Ukraine and find ways to improve and develop it. The study has found that in the structure of inefficient use of budget funds, a significant share falls on budget violations committed by participants in the budget process due to shortcomings in planning and lack of sound forecasting and planning. Thus, insufficiently effective budget planning is one of the reasons for inefficient management and use of budget funds. As a result, there is a causal link between the problems of budget planning and effective management and use of budget funds, which affects the dynamics of economic growth, the solution of socio-economic issues. It is noted that the program-target method in modern conditions is a reliable lever to influence the efficiency and effectiveness of budget expenditures, which strengthens the budget’s ability to form the basis of economic growth, as well as positively affects the effectiveness of fiscal policy in ensuring the welfare of citizens.

scholarly journals Development of the budgetary expenditures planning system in Ukraine

2018 ◽  
pp. 126-132
Author(s):  
Tatiana Кrykun
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Social Development ◽  
Social Protection ◽  
Planning System ◽  
Budget Process ◽  
Independent State ◽  
Budget Planning ◽  
Socio Economic Development ◽  
Methodological Principles

The subject of the study is the theoretical and practical issues of the development of the budget planning system in Ukraine. The purpose of the study is to reveal the theoretical and methodological principles of planning budget expenditures as a tool for influencing the social development of the country. Research methods. The paper uses a set of scientific methods and approaches, including systematic, structural, comparative, factor methods, which allowed to realize the conceptual unity of the research. Results of work. The economic essence of budget expenditures is disclosed. Peculiarities of formation of budget expenditures in conditions of economy transformation are analyzed. It has been determined that the use of budget expenditures as a tool for regulation of socio-economic development of the country has certain features during the period of transformational changes in the economy, its structural adjustment, which consists in ensuring the macroeconomic equilibrium, creating a favorable financial and economic environment for the development of market relations, support of strategic sectors of the economy, including those aimed at domestic consumption. The main objective of strengthening the qualitative level of budget expenditure planning is to ensure long-term macroeconomic and social stability in the state. At the present time, it is important to deepen the theoretical and methodological principles of forming budget expenditures as a component of the regulatory mechanism of financial policy of the country, which will enable to strengthen the relationship of financial regulation with the dynamics of socio-economic development. The field of application of the results of work. Budget. Budgetary regulation of social development. Budget expenditures. Conclusions. Financial resources of the budget influence economic growth, structural transformations in the branches of economy, equalization of regional disproportions, development of human capital and increase of a high level of social protection of the population. During the years of Ukraine's emergence as an independent state, the underlying foundations and corresponding mechanisms for functioning of a sufficiently effective system of forming budget expenditures as one of the conditions for conducting a consistent fiscal policy aimed at economic growth have been formed. The budget process, depending on the changes in internal and external economic factors, the development of financial and economic relations, the increase of the quality requirements, the provision of state services of public services inherent permanent adaptation mechanisms that affect the need to improve the management of budget resources, which will provide the opportunity to ensure the effectiveness of economic transformations, sustainability budgetary system, increase the quality of budget planning and forecasting, and the efficiency of using budget funds. It is advisable to further strengthen systemicity and consistency in the implementation of state policy in the area of budget expenditures planning, to determine the optimal structure and content of budget programs, their correspondence to indicators of development of economic sectors in the short and medium term and directions of social and economic development of the country.

scholarly journals Specific features of treasury control in the fiscal sphere

2020 ◽  
Vol 67 (6) ◽  
pp. 122-128
Author(s):  
M. Hupalovska ◽  
A. Demianiuk ◽  
S. Savchuk
Keyword(s):  
Current Control ◽  
Financial Resources ◽  
Financial Control ◽  
Budget Process ◽  
Precautionary Measure ◽  
Medium Term ◽  
Budget Planning ◽  
Budget Control ◽  
Operational Management ◽  
Modern Economic

It is investigated in this paper that budget control is a component of public financial control, and treasury control is its integral component. Organization of effective treasury financial control over the completeness of the formation and timeliness of state revenues, as well as the legality and efficiency of the budget funds use is becoming one of the main priorities of modern economic policy. Features of treasury control over the formation and spending of budget funds are revealed. The peculiarity of control performed by the treasury bodies is that it is carried out mainly before and at the stage of operations with budget funds. Thus, when violations of budget legislation are detected by participants of the budget process, the treasury bodies can take measures to prevent violations in the process of forming budget funds, as well as their inappropriate and inefficient use. It is determined that in case of violations of budget legislation by managers and recipients of budget funds the following measures are initiated: warning of improper implementation of budget legislation with the requirement to eliminate violations and suspend operations with budget funds in accounts opened with the Treasury. It is proved that the treasury bodies, carrying out preliminary and current control in the process of servicing budget funds, essentially take precautionary measure against possible abuses and violations in the use of budget funds by managers and recipients of budget funds. It is substantiated that at present in Ukraine in the context of optimization of the budget process and the introduction of medium-term budget planning with the program-target method, it is important to improve control over the budget funds spending. Ensuring transparency of control is also an important problem. Another area of the treasury control development is to ensure the operational management of funds of a single treasury account and further centralization of financial resources on it. The conclusion about the necessity of complex improvement and development of treasury control considering foreign experience is made.

scholarly journals Budget expenditure as a tool of social development

2020 ◽  
pp. 172-179
Author(s):  
Tatiana Kanyeva
Keyword(s):  
Social Development ◽  
Economic Transformation ◽  
Budget Process ◽  
Medium Term ◽  
The Public ◽  
Budgetary Policy ◽  
Economic Transformations ◽  
Efficiency And Effectiveness ◽  
Main Factors

Relevance of the research topic. In the context of economic transformation, issues of increasing the efficiency and effectiveness of budget expenditures as a tool for social development are actualized. Budget expenditures should be planned taking into account the dynamic and cyclical nature of economic processes, the need to ensure a sufficient level of institutional economic transformation, the use of effective financial and budgetary mechanisms and tools, in particular, a sound system for monitoring the efficiency of use of budgetary funds. A well-balanced approach to budgetary architecture is an important prerequisite for stimulating economic growth and ensuring macroeconomic stability. At the same time, the architecture of budget expenditures influences the structural transformations in the branches of economy, the development of human potential. Formulation of the problem. At this stage of the development of the public finance system, it is advisable to determine the appropriate institutional framework for budgeting as a tool for social development, directions for full implementation of the medium-term budget planning process in the budget process, improving the effectiveness of budget programs. At the same time, the choice of financial regulation instruments in the area of budget expenditures involves taking into account the leading experience of countries with both developed and transformational economies. Analysis of recent research and publications. The problem of increasing the efficiency and effectiveness of budget expenditures as a tool for social development is quite common in scientific research. These are the works of well-known domestic and foreign scientists: J. Buchanan, W. Mitchell, J. M. Keynes, T. Bogolib, I. Zapatrina, L. Lysyak, O. Samoshkina, I. Chugunov and others. Highlighting unexplored parts of a common problem. The above issues are actualized in connection with the strengthening of globalization processes, unfavorable internal economic environment, which requires solving a number of specific tasks related to the need to strengthen coordination of spending units and improve approaches to the formation of quality levels of performance of budget programs in order to establishment of the degree of achievement of targets, goals, objectives, which will strengthen the relationship between the financial resources used and obtained and results. Goal setting, research goals. The objectives of the study are: to reveal the role of budget expenditures as a tool for social development; to analyze and estimate the expenditures of the consolidated budget of Ukraine identify the main factors that affect the budgetary architecture; open up provisions for improving the efficiency and effectiveness of budgetary use. The purpose of the study is to substantiate the priorities of the budgetary policy in the sphere of expenditures in the conditions of economic transformations. Research method or methodology. The set of scientific research methods is applied in the article: systematic approach, statistical analysis, structuring, analysis, synthesis, etc. Basic material presentation (results of work). The role of budget expenditures as a tool for social development is identified. The analysis and estimation of expenditures of the consolidated budget of Ukraine have been carried out. The main factors that influence the budgetary architecture are identified. Provision is made to improve the efficiency and effectiveness of the use of budget funds. The priorities of the budgetary policy in the sphere of expenditures in the conditions of economic transformations are substantiated. Area of application of results. The results of this study can be applied in the process of forming and implementing the budget policy of Ukraine, reforming the public finance system. Conclusions according to article. Expenditure budgetary policy, through the use of a set of fiscal instruments, allows solving the challenges facing the country at a certain stage of social development, achieving the necessary macroeconomic proportions and accelerating economic growth. In the context of economic transformations, the important tasks of budgetary policy in the sphere of expenditures are: improving the efficiency and effectiveness of the use of budgetary funds; optimization and concentration of budget funds in priority directions of socio-economic development of the country; full implementation of the medium-term budgetary planning in the budget process, which is one of the effective tools for regulating socio-economic processes and a precondition for transparency and efficiency of the budget process.

scholarly journals FOREIGN EXPERIENCE OF THE PARADIGM OF MEDIUM-TERM BUDGET PLANNING AND ITS APPLICATION IN UKRAINE

2020 ◽  
Author(s):  
Inna Zhuk ◽  
Svitlana Petrychuk
Keyword(s):  
Financial Management ◽  
The State ◽  
Planning System ◽  
Budget Process ◽  
Main Task ◽  
Medium Term ◽  
Budget Planning ◽  
European Experience ◽  
Effective Form ◽  
Budget Policy

The article examines the essence of medium-term budget planning, its tasks and stages of development in world, in particular European practice. The expediency of using a multi-year approach in the budget process and its advantages and disadvantages are proved. The peculiarities of medium-term budget planning of its function and methods of application in Ukraine are grounded. The toolkit and key elements to be implemented in the medium-term planning system according to the recommendations of the European Commission are described. The peculiarities of implementation of the program-target method as the most effective form of budgeting both at the state and regional levels are characterized. The directions of improvement of strategic financial management by means of introduction of budgetary medium-term planning in budgetary practice of Ukraine are determined. It is proved that the significance and urgency of medium-term budget planning in the budget process is quite significant, and most importantly, it is economically justified from the standpoint of all participants in budget relations. It is necessary to understand and note that the best international, in particular, European experience, should be a diagnostic indicator, not a template used to implement reforms. The main task is to develop procedures and mechanisms that will allow sector ministries and departments to plan expenditures based on reasonable assumptions about available budget resources and the state - to ensure transparency, flexibility and the possibility of operative adjustment of budget items taking into account changes in the budget policy of the country.

DETERMINAN PENYERAPAN ANGGARAN BELANJA SATUAN KERJA KEMENTERIAN NEGARA / LEMBAGA

2020 ◽  
Vol 8 (2) ◽  
pp. 164-178
Author(s):  
Anas Nur Huda ◽  
Pandaya Pandaya
Keyword(s):  
Economic Growth ◽  
Absorption Rate ◽  
Financial Resources ◽  
Dominant Factor ◽  
Government Consumption ◽  
Budget Planning ◽  
Work Units ◽  
Bureaucratic Performance ◽  
Budget Execution ◽  
Positive Effect

Budget absorption is one of the drivers of economic growth through government consumption. For this reason, absorption of ministries / agencies' budgets also determines the economic growth. In addition, budget absorption becomes a dominant factor in evaluating bureaucratic performance. Failure to target budget absorption will indeed result in reduced spending benefits. Because the funds that have been allocated, apparently not all of them can be utilized which means there are funds that are idle cash. Even though if the budget allocation is efficient, despite the limited financial resources, the state can still optimize the funding of other strategic activities. This study aims to examine the effect of budget planning and budget execution on budget absorption. The questionnaire was distributed in the work units of state ministries / institutions in the payment area of KPPN Jakarta V with a budget absorption rate below 75% in 2017 according to the KPPN Level Budget Realization Report. The results of this study indicate that budget planning and budget execution have a positive effect on budget absorption.

scholarly journals Performance Audit: A Tool for Fighting Corruption in the Nigeria’s Public Sector Administration

2014 ◽  
Vol 3 (6) ◽  
pp. 374-383
Author(s):  
Sunny Agbo ◽  
Jude A Aruomoaghe
Keyword(s):  
Public Sector ◽  
Good Governance ◽  
Financial Resources ◽  
Effective Management ◽  
Audit Report ◽  
Fiscal Transparency ◽  
Efficiency And Effectiveness ◽  
Pearson's Correlation ◽  
Performance Audit ◽  
Transparency And Accountability

The efficient and effective management of financial resources forms the basis for achieving good governance. In achieving the good governance, fiscal transparency and accountability must be ensured. Performance audit provides the platform to determine if the resources are being managed with due regard for economy, efficiency and effectiveness and that accountability requirements are being met reasonably. This study looks at performance audit as a tool for fighting corruption in Nigerian public sector administration. Questionnaires were distributed and analysed using the Pearson’s correlation co-efficient and we discovered that performance audit could be an effective tool in curbing corruption. It was suggested that performance audit report should be made public and stringent punishment should be melted on offenders to serve as deterrent to others.

scholarly journals The Program-Target Method and Problems of its Application During the Period of Healthcare Financing Reform

2021 ◽  
Vol 1 (516) ◽  
pp. 264-271
Author(s):  
I. A. Shubenko ◽  
◽  
O. Y. Stoiko ◽  
Keyword(s):  
Financial Resources ◽  
Budget Process ◽  
Financial Indicators ◽  
Healthcare Financing ◽  
Healthcare Expenditures ◽  
Budget Planning ◽  
Rational Use ◽  
Industry Sector

The publication is aimed at defining problems and directions for improving the program-target method in the healthcare during the reform of this industry sector. The article analyzes the program-target method and its use in the planning of expenditures in the field of healthcare, the process of implementation of budget programs in this sphere in the Zhytomyr region. It is determined that the program-target method is important in the formation of healthcare expenditures, but it can potentially further increase the effectiveness of the distribution of budget funds. Despite the actual reduction of healthcare expenditures in the structure of consolidated budget expenditures, the introduction of the target method has inluenced the rational use of budget funds in the field of healthcare. This indicates the feasibility of this method in the budget process. The problems of the program-target method in the formation of healthcare expenditures are substantiated, the main of which are: the lack of medium- and long-term budget planning, a large number of budget programs, the lack of financial indicators in the system of effective indicators, reducing the level of healthcare expenditures. It is proposed: to introduce medium- and long-term budget planning, which will allow to clearly form the targets and results of budget programs in the field of healthcare for several years and consolidate financial resources for the specified targets; to develop a system of financial indicators within the system of effective indicators, which will be based on the expenditures of budget funds for the patient, to form the prerequisites for saving budget funds.

scholarly journals IPTEKS PENGAWASAN TERHADAP REALISASI ANGGARAN DENGAN KONSEP GOOD GOVERNANCE DALAM MENCEGAH PRAKTEK KORUPSI DI DINAS PEKERJAAN UMUM DAN PENATAAN RUANG DAERAH PROVINSI SULAWESI UTARA

2018 ◽  
Vol 2 (02) ◽  
Author(s):  
Andre Feral Adolf Tombokan ◽  
Sonny Pangerapan
Keyword(s):  
Planning Process ◽  
Good Governance ◽  
Public Works ◽  
Primary Data ◽  
Budget Process ◽  
Research Approach ◽  
Budget Planning ◽  
The Public ◽  
North Sulawesi ◽  
The Government

Indonesia’s development depends on managing the budget state revenues and expenditures (APBN) therefore the government must be aware and change his character not to work alone without paying attention the interest or aspirations of the community. The purpose of this research is to know the flow or budget process at the public works agency and spatial planning in north Sulawesi province know the concept of good governance in carrying out supervision of realization budget, and to find out good governance in an effort to prevent corruption practices .this research is a qualitative research approach interpretive . the source of data from this study is primary data in the form of direct interviews, documentation and recording. Technique processing and analysis of data, namely the method of comparison by finding answers fundamental answers to cause and effect by analyzing factors the cause of the occurrence or emergence of a particular phenomenon. The result of this study indicate that the flow and budget process is on the PUPRD office in north Sulawesi, the budget planning process starts from conducting infestation field survey, after conducting surveys and data needed has been fulfilled, the budget calculation is carried out after it is entered planned DPA (budget implementation document) budget activities, after the DPA is published, we switch the process of physical implementation of work, including planning, design and so on,the concept of good governance in doing supervision of government budget realization is responsible for optimize the relationship between input and output. For example, for example public works agency, its input in the form of a budget can still be seen in its performance. Control,focused on how to utilize input minimum to produce the desired output that is in accordance with provisions and quality standards set at the time and quantity as which are desired. Keywords : supervision of budget realization

scholarly journals On the Management and Financial Resources Formation of Local Budgets

2021 ◽  
Vol 18 (1) ◽  
pp. 37-46
Author(s):  
M. S. Nurmaganbetova ◽  
G. R. Dauliyeva ◽  
A. A. Niyazbaeva
Keyword(s):  
Economic Growth ◽  
Financial Management ◽  
Local Governments ◽  
Large Scale ◽  
Well Being ◽  
Financial Resources ◽  
Empirical Observation ◽  
Financial Reports ◽  
Budget Planning ◽  
The Republic

The purpose of the study is to determine the role and significance of measures for the management of financial resources of local budgets. The objectives of the study include: conducting a theoretical study of management issues and the formation of financial resources of local budgets, studying the financial reports of the regions of Kazakhstan, statistical processing of the data obtained.Materials and methods. In the process of preparing the article, the issues of introducing the fourth level of the budget, on the participation of citizens in budget planning were considered. The authors analyzed the financial reports of the regions for the execution of the 2019 budget. In the process of preparing the materials for the article, the authors used the information of the website of the Ministry of Finance of the Republic of Kazakhstan, analytical statistical materials, and scientific works of scientists of Kazakhstan.The following research methods were used in the work: theoretical (analysis, synthesis, generalization), empirical (observation), statistical analysis, etc.Results. The public financial management system, in particular, has been the subject of large-scale reforms in recent years aimed at strengthening the country’s strategic development potential. In recent years, the orientation of budget planning to results has noticeably improved. The priorities of the “model of socio-economic development of the country” are agreed by the government and put forward by the Ministry of National Economy, and are duly reflected in the annual strategic plan of each ministry. Based on recent reforms, the programs outlined in the strategic plans are broadly aligned with the budget programs of the ministries, and management responsibilities in each province have been clarified.In recent years, important changes have occurred in relation to access to information, an online portal “Open Budgets” was developed, a civil budget was introduced, and centralized guidelines for their preparation were presented.Since 2018, Kazakhstan has introduced a fourth budget level for local governments. 90% of these budgets are formed from taxes and payments by residents themselves. Since January 1, 2020, in the cities of regional significance, villages, settlements and rural districts of the Republic of Kazakhstan with a population of 2,000 people and below, an independent local government budget has been introduced. In 2020, the corporate income tax (CIT) from small and medium-sized businesses as a revenue item was transferred from the republican budget to the local one. Thus, CIT receipts will be credited to the republican budget only from large business entities. Also, the maslikhats (local representative body) of the regions have the right to establish the standard for the distribution of CIT from small and medium-sized businesses between the regional and district budgets.Conclusion. Effective management of budgetary resources in accordance with the current budget policy should be guided by the implementation of the general goals facing the country’s budget system: impact on economic growth and employment, ensuring the economic and political functions of the state.The main priority in planning government revenues and expenditures is the well-being of citizens of Kazakhstan, namely, their social support, health and education, as well as creating conditions for high-quality post-crisis economic growth. Therefore, it is especially important to note the role and importance of measures to manage financial resources of local budgets.

scholarly journals Introduction and implementation of the medium-term budget planning system in Ukraine: the experience of Germany

2020 ◽  
Vol 66 (5) ◽  
pp. 78-92
Author(s):  
M. Dubyna ◽  
Yu. Honcharenko ◽  
O. Kalchenko
Keyword(s):  
Developed Countries ◽  
The State ◽  
Planning System ◽  
Budget Process ◽  
Medium Term ◽  
Fiscal Discipline ◽  
State Budget ◽  
Budget Planning ◽  
Advantages And Disadvantages ◽  
Rational Distribution

The need for effective budget planning in Ukraine in order to ensure effective and transparent implementation of the budget process generates the necessity for scientific understanding of the transfer of European practice of medium-term budget planning (MTBP) in domestic realities. Despite numerous developments of scientists concerning the possibilities of improving the procedure of medium-term budget planning (MTBP) in Ukraine, it is important to identify the features of its implementation based on the experienceof developed countries, which will allow us, taking into consideration the obtained results, to deepen further scientific and applied aspects of improving the medium-term budget planning system in Ukraine, to increase the efficiency of its implementation. One of such example is Germany's experience in introducing and implementing the medium-term budget planning. The main purpose of the investigation is the analysis of the budget planning in Ukraine, particularly, the factors influencing it, to determine the opportunities of the application of Germany’s experience concerning the introduction and implementation of the medium-term budget planning. The main advantages and disadvantages of using the MTBP procedure over the traditional (annual) budget are summarized in this paper. Factors of the MTBP development in Germany and other EU countries, particularly: effectiveness of regional practice; post-crisis period of national economies and the world economy; purposefulness of countries to the EU integration; significant amounts of public debt; implementation and enforcement of Directive 2011/85/EU in 2011 are established. Combination of all five preconditions available in Ukraine should ensure the accelerated development of the MTBP. It is determined that the use of German experience for the improvement of medium-term budget planning in Ukraine will contribute to rational distribution of budget resources between the budget system levels, increasing the level of predictability of the state budget policy, improving the macroeconomic balance, fiscal discipline and investment attractiveness of the country. It is noted that the non-fulfillment of the planned indicators of the state budget in Ukraine is due to the inefficient organization of the MTBP and the influence of macroeconomic environment factors.

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