scholarly journals Budget expenses as a tool for economic development

Author(s):  
Yuliya Markuts

Relevance of the research topic. Budget expenditures are significant tool of influence on social and economic processes, and perform reproductive, regulatory, incentive, social function. The issues of improving the budget expenditure planning system is relevant and interrelated with the expansion of the tasks facing financial and budget institutions in the course of their activities. Formulation of the problem. The study essentially budget as a tool for economic development is quite an important issue at the present stage of transformational changes, because the more efficient use of financial resources, redistributed through the budget system depends on the understanding of the nature of this category, and the main factors that determine its development. Analysis of recent research and publications. The issue of budget expenditures in the current economic conditions of the country, their effective creation and distribution, and the impact on social development as well, are presented in the works of local and foreign scientists T. Bogolib, V. Heyets, I. Zapatrina, J. M. Keynes, N. Kornienko, A. Laffer, L. Lisyak, I. Lukyanenko, I. Lunina, I. Lyutyi, A. Mazaraki, R. Masgrayev, V. Makogon, V. Oparin, M. Pasichnyi, A. Smith, J. Stiglitz, V. Fedosov, I. Chugunov, S. Yurii and others. Selection of unexplored parts of the general problem. However, given the transformation in the fiscal policy of our country, it is appropriate to increase the quality level of the budget expenditure as a tool for economic development in the financial regulatory system. Setting the task, the purpose of the study. The purpise of the study is to determine the directions of planning budget expenditures as a tool for the economic development of the country. Objectives of the study: to analyze the share of state and local budgets in the structure of the consolidated budget and Ukraine’s GDP, determine the impact of the expenditures of the consolidated budget of Ukraine on the economic development of the country, consider the features of using the program-targeted method as a tool to achieve the established financial priorities of the state. Method or methodology for conducting research. The article uses a set of scientific methods: the system approach, statistical analysis, structuring, analysis and synthesis. Presentation of the main material (results of work). The article identifies the importance of effective planning of budget expenditures as a tool for economic development of the country, substantiates the impact of budget expenditures on socio-economic processes, identifies features of using the program-target method in achieving the established financial priorities of the state. The field of application of results. The results of this study can be applied in the budget expenditure planning process. Conclusions according to the article. Budget expenditures are an effective instrument of financial regulation, have a significant impact on structural transformations in sectors of the economy and the social sphere. It is important to ensure the optimal allocation of a limited amount of budgetary funds in the areas of socio-economic development, to ensure compliance of the budget expenditure structure with certain strategic goals of the country. In the formation of budget targets, it is important to consider the performance of the implementation of state targeted and budget programs for the previous period.

Author(s):  
Svitlana Sviridova ◽  
Dmitry Pulcha

The article encompasses a range of issues related to the development and usage of target-related planning for the effective implementation of state and regional development programs. In Ukraine, the system of public management of regional development in the context of integration into the European and world economic space requires significant modernization, which would be based on the introduction of modern planning methods. One of the methods could be program-target planning, which is a component of the strategic state planning system, which is reflected in the Resolution of the Cabinet of Ministers of Ukraine dated the 5th of August, 2020 № 695. “On the approval of the State strategy for regional development of 2021 – 2027” and regional strategies for the development of territories. Program-target planning is one of the planning types, which is based on the orientation towards achieving the set goals. In fact, any planning method is aimed at achieving specific goals. However, in this case, the planning process itself is based on the definition and goals setting, and only afterwards on the selection of ways to achieve them. State target programs are the programs, which cover the entire territory of the state or a significant number of regions and have a long-term period of implementation. For the state, the target program acts as a lever to regulate socio-economic development and combines the following principles:complexity and systematization in solving tasks, specified (marginal) nature of planning, determining the amount of funding depending on the desired results, analysis of programs on the criteria of efficiency during the implementation of programs, transparency of the order of program formation. Although, in our country, target-oriented planning is used in planning state and local target programs, the effectiveness of the implementation of such programs is insufficient. Such conclusions could be drawn by observing the results of the author’s analysis of the implementation of the city target program “Development of physical culture and sports in Odesa”. Consequently, the city council needs to study the modern tools for implementing regional policy in the EU countries, as well as to increase the funding for programs and strengthen the control over the effective use of funds.


Author(s):  
VDOVICHEN Anatolii ◽  
CHORNOVOL Alla ◽  
TABENSKA Yuliia

Background. Quality level of the budget planning is an important factor in ensuring balance of state and local budgets in the conditions of institutional transformations. Adop­tion of effective management decisions by public authorities and local governments involves the development of the budget planning system taking into account information technology, assessment of changes in socio-economic processes. The aim of the article is to reveal the areas of improvement of the budget planning system and its tools. Materials and methods. Thesystematic method has been used in determining nature and role of the budget planning in ensuring the stability and balance of state and local bud­gets. The comparative method is used in the process of generalizing the features of the budget planning tools. The method of scientific abstraction is used in the disclosure of theoretical and methodological principles of improving the budget planning system. The method of ana­lysis and the synthesis has been used to assess the planned and actual indicators (revenues, expenditures, deficit of the State Budget of Ukraine; public and guaranteed public debt). Results. The essence and role of the budget planning in ensuring the stability and balance of state and local budgets have been determined. Theoretical and methodological principles of functioning of the budget planning system have been revealed. The analysis and assessment of planned and actual indicators such as revenues, expenditures, deficit of the State Budget of Ukraine; public and guaranteed public debt for 2015–2019 have been made. The ways of improving the budget planning system in the conditions of institutional trans­formations have been substantiated. Conclusion. A detailed analysis and assessment of the impact of internal and external factors on the financial and economic environment is needed in order to develop the budget planning system in terms of institutional transformation. It will provide an opportunity to iden­tify regular trends in the dynamics of macroeconomic indicators and budget indicators. An im­portant task is to develop economic and mathematical models based on the assessment of eco­no­mic development opportunities of the country, the tax potential of administrative territorial units. Keywords: budget policy, budget system, budget planning, budget revenues, budget expenditures, budget deficit, public debt.


Author(s):  
Olena Pikaliuk ◽  
◽  
Dmitry Kovalenko ◽  

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.


2020 ◽  
pp. 124-131
Author(s):  
Olena P. Slavkova ◽  
Oksana I Zhilinska ◽  
Maksym Palienko

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


2019 ◽  
Vol 40 (3) ◽  
pp. 148-155
Author(s):  
K. N. Yusupov ◽  
V. M. Timiryanova, ◽  
Iu. S. Toktamysheva ◽  
A. F. Zimin,

The article presents a methodology for assessing the impact of spatial environment on the socioeconomic development of municipalities. It relies on existing tools for assessing the state and potential of the geographical location of municipalities. An integrated approach allows to determine the potential of the interaction of the municipality with the neighbors of the first and second order. The methodology was tested on statistical data on the Blagovarsky municipal district.


Yuridika ◽  
2020 ◽  
Vol 35 (3) ◽  
pp. 501
Author(s):  
Fani Martiawan Kumara Putra

The field of marine transportation plays a role that is not less important than land transportation in terms of economic development in Indonesia. As a result of globalization, business activity continues to increase, whether it is business in the field of marine transportation or outside the field, it is certainly undeniable that the activity requires a very large funds, which funds can be obtained by one way is to apply for credit/loans. Large amount of loans will only be given with the imposition of collateral as a further process. The imposition of collateral for large amount of loans may designate the ship as its collateral object by utilizing the Mortgage security agency. However, when the ship is being vetted on a voyage across national borders, the impact is when its debts mature, then the execution of such ship will be difficult, caused by the inadequate legal rules in Indonesia, and not all countries ratify the ship’s arrest convention. This study aims to provide a solution in order to achieve legal certainty of Mortgaged object execution that being across national borders for a significant development of shipping business. This research is normative research. The result obtained is the need of a clause in the Mortgage security document concerning the binding of sister ship with equal value, as the collateral object backup, when the execution of ship loaded with Mortgage security is unable to be done since it is located outside the state border.


2021 ◽  
Vol 12 (1) ◽  
pp. 82
Author(s):  
Gasimova Elfana Nasimi ◽  
Salehzadeh Gulchohra Saleh ◽  
Sugra Ingilab Humbatova

Economic development is a priority in the management of any state. The article attempts to consider the impact of design on the economic condition of the country. Additionally, the connection of the country's economy, the development of design and its support from the state is analyzed. Design as a factor in the development of the country's economy is a single system, which implies a whole thread of events. In modern society, in the conditions of the paramount importance of technology in the life of every person, more than ever, it becomes important to have things convenient and practical in use. Today, the design is a strategic tool, the correct use of which leads to success in business. The relevance of the study is caused by a very low level of research on the development aspect of the country's economy - design.


2020 ◽  
pp. 1-10
Author(s):  
Eleanore Alexander ◽  
Lainie Rutkow ◽  
Kimberly A Gudzune ◽  
Joanna E Cohen ◽  
Emma E McGinty

Abstract Objective: To understand the different Na menu labelling approaches that have been considered by state and local policymakers in the USA and to summarise the evidence on the relationship between Na menu labelling and Na content of menu items offered by restaurants or purchased by consumers. Design: Proposed and enacted Na menu labelling laws at the state and local levels were reviewed using legal databases and an online search, and a narrative review of peer-reviewed literature was conducted on the relationship between Na menu labelling and Na content of menu items offered by restaurants or purchased by consumers. Setting: Local and state jurisdictions in the USA Participants: Not applicable. Results: Between 2000 and 2020, thirty-eight laws – eleven at the local level and twenty-seven at the state level – were proposed to require Na labelling of restaurant menu items. By 2020, eight laws were enacted requiring chain restaurants to label the Na content of menu items. Five studies were identified that evaluated the impact of Na menu labelling on Na content of menu items offered by restaurants or purchased by consumers in the USA. The studies had mixed results: two studies showed a statistically significant association between Na menu labelling and reduced Na content of menu items; three showed no effects. Conclusion: Data suggest that Na menu labelling may reduce Na in restaurant menu items, but further rigorous research evaluating Na menu labelling effects on Na content of menu items, as well as on the Na content in menu items purchased by consumers, is needed.


2019 ◽  
Vol 67 ◽  
pp. 02006
Author(s):  
Yuliia Lola ◽  
Mariya Aldoshyna

This research deals with the impact of intensity of inbound and outbound tourism on the sphere of passenger air carriages, based on the dataset that covers the indicators across different economic regions over the period of 2015-2017. The results based on building a correlation-regression model have shown that there is a close connection between tourism development and passenger carriages intensity. Verification of the model by the criteria of Fisher and Student (F-test and t-test) have proved the hypothesis about its statistical significance only after excluding five countries, for which no direct connection is observed between the chosen indictors. Further research has shown that the level of the country economic development does not influence the passenger air carriages industry. Specific attention is paid to the state and main tendencies of passenger air carriages industry in Ukraine. Impact of tourism on this kind of activity is analysed. The basic measures to increase its efficiency are highlighted.


2005 ◽  
Vol 24 (1) ◽  
pp. 27-31 ◽  
Author(s):  
Luann L. Purcell ◽  
Bill East ◽  
Harvey A. Rude

The impact of the federal No Child Left Behind Act (NCLBA) has provided a significant challenge and opportunity for administrators of special education services at the state and local levels. Leaders representing prominent professional organizations at both the state (National Association of State Directors of Special Education, Inc.) and local (Council of Administrators of Special Education, Inc.) education levels have identified advantages and barriers to successful implementation of the legal mandates. The most significant challenges for special education leaders and managers include: the requirements for adequate yearly progress for all learners, the provision of highly qualified special education service providers, and an adequate amount of attention devoted to all subgroups of learners. The unique difficulties for rural schools providing an appropriate education to all learners, including those with disabilities, are compounded by the effects of supplemental services, choice options, and the identification of adequate resources. The implications for the preparation of effective special education leaders and managers are identified within these parameters.


Sign in / Sign up

Export Citation Format

Share Document