Financial State of Utilities and Ways to Improve It

2021 ◽  
Vol 26 (1) ◽  
pp. 30-36
Author(s):  
Valentyna Glukhova ◽  
◽  
Kristina Kravchenko ◽  
Keyword(s):  
State Regulation ◽  
Public Utilities ◽  
Financial Policy ◽  
Main Task ◽  
Efficient Operation ◽  
Financial Condition ◽  
Transport Services ◽  
Fixed Assets ◽  
Utility Companies ◽  
High Level

Annotation. Introduction. One of the key tasks of the formation of a socially oriented economy is to ensure a high level and quality of life of the population, which implies the satisfaction of the most necessary needs of citizens in comfortable housing, energy, sanitary and technical, transport services, etc. Satisfaction of the above needs is possible only under the condition of the efficient and uninterrupted functioning of utilities, since the main task of the utilities is to provide the population with heat, water, gas, electricity and other services on which the comfort of housing, the state of human health, the constant mode of operation of enterprises, improvement districts, ecological state of settlements. The efficient operation of enterprises of communal ownership largely depends on their financial condition. Therefore, the study of the development and financial support of public utilities, the effectiveness of their activities is relevant, especially in the context of decentralization. Now, the problems of public utilities require much attention, among which their financial condition is significant. Purpose. The purpose of the work is to analyze and study the financial condition of utilities and develop proposals for its improvement. Results. The article considers, analyzes and compares such indicators of the financial condition of utility companies in some cities of Ukraine as: financial results, depreciation of fixed assets, return on assets, absolute liquidity ratio. Factors influencing the financial results of utilities have been identified. The main ways to improve the financial condition of utilities have been identified. Conclusions. According to the results of the analysis of their financial condition, the prevailing loss, high level of depreciation of fixed assets and low capital productivity of most enterprises in this industry have been determined. The reasons for this situation are the lack of effective directions of financial policy in this area, the imperfection of the regulatory framework and miscalculations in the management of financial resources. The current state of this industry gives grounds to talk about the need to improve the effectiveness of its state regulation in order to solve the basic problems of its socio-economic development.

scholarly journals THEORETICAL AND METHODOLOGICAL APPROACHES TO EVALUATION OF INVESTMENT SECURITY OF UKRAINE

2021 ◽  
Author(s):  
Oksana Kopylyuk ◽  
Oleksandra Muzychka ◽  
Julia Tymchyshyn
Keyword(s):  
Economic Growth ◽  
Economic Security ◽  
Main Task ◽  
Theoretical Approaches ◽  
Fixed Assets ◽  
Potential Risks ◽  
Definition Of ◽  
High Level ◽  
Investment Process ◽  
Resource Capacity

The article discusses theoretical approaches to revealing the essence of the definition of «investment security». Investment security considered as a state of investment support of the country's economy, its resource capacity for expanded reproduction and modernization, attractiveness for investment in real and potential risks, threats and dangers. Investment security is a component of financial security, which in turn is an important component of the country's economic security. The main task of investment security is the formation of investment resources for the development of the country's economy, taking into account risks and threats. To assess the country's investment security, it is advisable to apply a comprehensive approach that would take into account its various aspects. Methodological tools have been developed and the level of investment security of Ukraine has been assessed and based on indicators that reflect: 1) ability to reproduce; 2) economic growth; 3) sources of investment. The quantitative value of these indicators allowed calculating the integrated indicator of investment security of Ukraine and noting that its level can be low, medium and high. On the authors position the low level of investment security signals the low investment attractiveness of the country's economy, significant imbalances in investment sources and lack of investment for expanded reproduction of fixed assets on an innovative basis. The average level of investment security reflects the satisfactory pace of investment in the country's economy and low use of the potential of financial intermediaries in investment activities. A high level of investment security, which guarantees expanded reproduction, economic growth and attracting the potential of the financial system in the investment process. The value of the integrated indicator of investment security of Ukraine for 2015-2019 is calculated. Testified to significant threats to economic growth and low rates of investment in the economy. The proposed methodology is comprehensive and allows assessing the level of investment security at the macro level.

scholarly journals STABLE FUNCTIONING AND DEVELOPMENT OF PUBLIC UTILITIES: THE MAIN MECHANISMS, PRINCIPLES AND EVALUATION CRITERIA

2014 ◽  
pp. 58-65
Author(s):  
A. N. Ryakhovskaya
Keyword(s):  
Evaluation Criteria ◽  
Investment Strategy ◽  
State Regulation ◽  
The State ◽  
Public Utilities ◽  
Annual Increase ◽  
Financial Condition ◽  
Housing Services ◽  
Tariff Rates ◽  
Regulatory Functions

We analyze the influence of the annual increase in tariff rates for housing services and utilities on the financial condition of enterprises of this sector of the economy, the renovation of their main funds and communal infrastructure; the necessity of works aimed at the renovation and modernization of the main funds of the objects of the communal infrastructure is motivated. It is shown how big the need for a strategy of a stable functioning and development of the industry is, the need for the development of the main principles and evaluation criteria of its implementation, indicators of the level of the achievement of the desired goal and directions of perfection of the state regulation of housing services and utilities with the strengthening of regulatory functions. A special attention is paid to the development of the investment strategy of public utilities and to the change of the adjustmentmechanism of current tariff rates.

scholarly journals FIXED ASSETS AND EFFICIENCY OF THEIR USE

2020 ◽  
Vol 5 (158) ◽  
pp. 90-95
Author(s):  
V. Bredikhin ◽  
N. Yanchenko ◽  
I. Mokrytska
Keyword(s):  
Production Capacity ◽  
The State ◽  
Economic Activities ◽  
Successful Operation ◽  
Efficient Operation ◽  
Financial Condition ◽  
Individual Enterprise ◽  
Composition And Structure ◽  
Fixed Assets ◽  
Efficiency Of Reproduction

The article considers the essence of fixed assets and their structure. Companies typically invest their funds in fixed assets in order to upgrade their composition and structure, obtain rent for their operation, use in normal production activities and expand the production of goods or services. Analysis of the use of fixed assets allows companies to determine the overall state of production capacity of the firm. Therefore, companies are interested in improving the efficiency of fixed assets, as they directly affect the production and economic activities and financial condition in general. The economic efficiency of production exists at different levels and can be determined both at the international and sectoral level, as well as at the level of an individual enterprise, so the analysis was conducted and identified factors that affect them. The successful operation of fixed assets and production facilities depends on intensive and extensive factors to improve their use, so the indicators that characterize the security of the enterprise, the state and efficiency of fixed assets. Renewal of fixed assets is carried out in the form of their replacement by more perfect and efficient, reconstruction and modernization of individual groups and types and as a result it will increase the competitiveness of the enterprise, as well as the availability and use of more modern means of labor. Theoretical aspects of efficient operation and directions of increase at different stages of the life cycle are analyzed. When managing one of the main conditions, to increase the efficiency of reproduction processes, it is necessary to pay attention to the optimal terms and conditions of operation of fixed assets (especially the active part) in accordance with their primary technological purpose. In this case, both the reduction and increase in the period of operation in different ways affects the efficiency of reproduction and use of tools. In order to determine the state of fixed assets at the enterprise, an analysis algorithm was developed, which is of great importance because it can be used to investigate and draw conclusions about the state and efficiency of their use. It was determined that the main sign of increasing the level of efficient use of fixed assets of the enterprise is the growth of production through technical, organizational and economic measures. Keywords: fixed assets, indicators, efficiency, structure, objects, use, factors, analysis, assets.

scholarly journals PROFIT AS CRITERION FOR COST EFFICIENCY EVALUATION OF LOADING AND TRANSPORT SETS

2017 ◽  
Vol 2 (3) ◽  
pp. 164-169
Author(s):  
Фадеева ◽  
Natalya Fadeeva ◽  
Выгонный ◽  
Vitaliy Vygonnyy
Keyword(s):  
Economic Efficiency ◽  
Transport Infrastructure ◽  
Design Stage ◽  
Construction Market ◽  
Transport Services ◽  
Fixed Assets ◽  
International Transport ◽  
Preliminary Design Stage ◽  
High Level

Increased demand for the construction of transport infrastructure is dictated by the low density of roads in Russia, the high level of congestion of the main ways today and in the future, and also the need for the development of international transport corridors. There are fundamental documents of various levels which are based on structural reforms that improve the economic efficiency of the transport operations and the quality of transport services. It is necessary to highlight the role of civil organizations in the modernization of transport infrastructure in the country. Timely and high-quality implementation of projects is possible with using the modern machines. However, economic and political unrests in the country promote the financial instability of the companies, which is an obstacle for planned updating and upgrade of the fixed assets. Therefore, the problem of increasing the efficiency of transport construction mechanization differs in enduring relevance. In this article the authors presents a methodology for evaluating the economic efficiency of the mechanized complexes by profit criterion in earthwork operations on linear objects. The methodology allows to make quick decisions when forming the feasibility study on the preliminary design stage of the object taking into account the most popular most popular in the construction market ways to attract technology.

scholarly journals The Monetary Policy in the System of State Regulation of the Indian Economy

2015 ◽  
pp. 97-107
Author(s):  
N. V. Galistcheva
Keyword(s):  
Monetary Policy ◽  
Foreign Currency ◽  
State Regulation ◽  
Real Effective Exchange Rate ◽  
Fiscal Year ◽  
Main Task ◽  
Bank Rate ◽  
Effective Exchange ◽  
High Level ◽  
Export Revenue

The main task of this research is the analysis of India's monetary policy and its place in the system of state regulation of the economy. The article highlights the main directions of the Indian monetary policy in 1990-2000s aiming to raise competitiveness of the Indian goods on the foreign markets as well as stimulating the inflow of foreign capital in necessary volumes into the national economy. The author focuses on the main instruments of the modern Indian monetary policy, pursued in line with providing the undervalued rupee, which include the manipulating of the bank rate and currency interventions, directed mainly at sterilization of excessive inflow of foreign currency to the country. The article also underlines all the advantages and costs of the monetary policy. One of its main advantages is stimulation of national production's exports and among costs there are difficulties of importing machines and equipment into the country, increase of inflation rate as a result of massive inflow of export revenue, difficulties at external debt's service. The author notes the gradual nature of introduction of current account rupee convertibility and reasons for delay in achieving its full convertibility. Among them there are rather high level of fiscal deficit of the consolidated budget, essential average annual level of inflation, problems of non-performed assets in the economy, high liquidity ratio for commercial banks. The article also presents statistical data on the present state of the Indian foreign exchange reserves as well as dynamics in nominal and real effective exchange rate of rupee in 2005/06 - 2013/14 fiscal year.

THE IMPACT OF UKRAINE'S EXCISE DUTY POLICY ON THE TRANSFORMATION PROCESSES OF THE TOBACCO MARKET

2020 ◽  
Vol 2020 (10) ◽  
pp. 19-33
Author(s):  
Nadiia NOVYTSKA ◽  
◽  
Inna KHLIEBNIKOVA ◽  
Keyword(s):  
Structural Changes ◽  
Tax Avoidance ◽  
Transformation Process ◽  
State Regulation ◽  
Tobacco Products ◽  
Excise Duty ◽  
Increasing Demand ◽  
High Level ◽  
The Impact ◽  
Transformation Processes

The market of tobacco products in Ukraine is one of the most dynamic and competitive. It develops under the influence of certain factors that cause structural changes, therefore, the aim of the article is to conduct a comprehensive analysis of transformation processes in the market of tobacco and their alternatives in Ukraine and identify the factors that cause them. The high level of tax burden and the proliferation of alternative products with a potentially lower risk to human health, including heating tobacco products and e-cigarettes, are key factors in the market’s transformation process. Their presence leads to an increase in illicit turnover of tobacco products, which accounts for 6.37% of the market, and the gradual replacement of cigarettes with alternative products, which account for 12.95%. The presence on the market of products that are not taxed or taxed at lower rates is one of the reasons for the reduction of excise duty revenues. According to the results of 2019, the planned indicators of revenues were not met by 23.5%. Other reasons for non-fulfillment of excise duty revenues include: declining dynamics of the tobacco products market; reduction in the number of smokers; reorientation of «cheap whites» cigarette flows from Ukraine to neighboring countries; tax avoidance. Prospects for further research are identified, namely the need to develop measures for state regulation and optimization of excise duty taxation of tobacco products and their alternatives, taking into account the risks to public health and increasing demand of illegal products.

Assessment and analysis of efficiency system management by innovative factors for sustainable development of national economy from the position satisfaction of vital interests population in Ukraine

2019 ◽  
pp. 6-16
Author(s):  
Оксана Василівна Бондар-Підгурська ◽  
Алла Олександрівна Глєбова
Keyword(s):  
Sustainable Development ◽  
Human Development ◽  
National Economy ◽  
Public Debt ◽  
Methodological Approach ◽  
State Regulation ◽  
Point Of View ◽  
Financial Policy ◽  
System Management ◽  
Stage Of Development

The scientific and methodological approach to the evaluation and analysis of the efficiency of system management by innovation factors for sustainable development of national economy from the point of view satisfaction vital interest’s population is developed. This is the calculation of the modernized index human development based on the adjective model based on 26 indicators (social, economic and environmental subsystems), as well as using the methods of the main components and the slip matrix. The resultant value is the modernized Human Development Index (MHDІ) of Ukraine. The architectonics MHDІ of Ukraine in 2007–2017 from the position of sub-indices of the ecological, social and economic subsystems is analyzed. Consequently, the scientific and methodological approach based on the MHDI change allows us to draw conclusions regarding the effectiveness of the work and public administration bodies in the context of making managerial decisions regarding the satisfaction of the vital interest’s population. MHDI considers the main regulated parameter of the system management in the innovation factors of sustainable development in socially oriented economy. The tendency of steady decline MHDI of Ukraine in 2007–2017 on 53.45 % was confirmed, which confirms inefficient state regulation of crisis situations in Ukraine. In order to increase the efficiency management of innovative factors by sustainable development of the national economy, from the standpoint of satisfaction vital interest’s population, it is proposed to intensify the use of public debt and savings bonds, market and non-market methods of relief and debt load. This is due to the fact that at the current stage of development in the national economy, public external debt is one of the most significant indicators of the state economy. It is at the same time a criterion for the effectiveness of public financial policy, as well as a threat and opportunity for the Ukrainian economy. In order to optimize its size, various methods, approaches, tools are used. Based on the analysis of world experience, it has been established that the securities market, in particular debt securities, plays a strategic role in regulating this issue. Therefore, it makes sense to recommend government debt bonds and government savings bonds to optimize the amount of external public debt.

PRACTICES OF DEVELOPMENT AND IMPLEMENTATION STRATEGY FINANCIAL POLICY OF HIGHER EDUCATION INNOVATION OF UKRAINE

2017 ◽  
pp. 72-83
Author(s):  
Vitaliy MARTYNIUK
Keyword(s):  
Higher Education ◽  
Development Strategy ◽  
State Regulation ◽  
The State ◽  
Direct Result ◽  
Financial Policy ◽  
Innovative Development ◽  
Efficient System ◽  
Social Standards ◽  
Key Factor

Introduction. Article reviews the current state and key aspects of financial policy in higher education and it’s innovative development in Ukraine. Through education institutions achieved increase of social standards, needs and increase welfare, increase the competitiveness of the state as a whole. Purpose. The purpose of this paper is to determine the characteristics of the development strategy of financial policy of innovative development of higher education and finding ways to improve its implementation. Results. The article deals with the importance of an innovative approach to the development of financial strategy in higher education. The ways to improve the effectiveness of the financial policy of innovative development of higher education are defined. Today an important form of state regulation of the economy is macroeconomic planning and forecasting. Conclusion. Innovative development of higher education is the foundation of economic growth of the economy and improvement of social standards. The financial policy of the state in this area is aimed, ultimately, to ensure the welfare of all members of society. Achieving high rates of innovation in the field of higher education facilities by building efficient system of economic mechanisms of financing. Important direct result of providing innovative educational services not only to order the state or the employer, but also on the personal needs of citizens in their development. The level of education is a key factor the ability of the workforce to adapt to new conditions, increase overall efficiency, etc.

Disparate Entwicklung der Wohnungsmärkte fordert die Politik

2014 ◽  
Vol 63 (1) ◽  
Author(s):  
Oliver Arentz
Keyword(s):  
Housing Policy ◽  
Low Income ◽  
Conflicts Of Interest ◽  
Housing Allowance ◽  
Main Task ◽  
Trading System ◽  
The Public ◽  
Site Development ◽  
High Level

AbstractThe regional differences in the housing markets are enormous and will continue to exacerbate in the future. The main task for the housing policy is to take appropriate long term measures depending on the market structure. A central aspect of future housing policy is the site development. Potential conflicts of interest with other social objectives must be detected and resolved. Creating a trading system for development rights appears to be promising. In order to secure housing for low income households, the housing allowance (Wohngeld) must be promptly adjusted to the market conditions. The public housing sector should be seen as an instrument for the stabilization of neighborhoods. Appropriate market rents secure a housing supply at a high level.

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