scholarly journals Budget Security as Factor of Economic Development of the State

2020 ◽  
Vol 89 (2-3) ◽  
pp. 40-47
Author(s):  
T. H. Bondaruk ◽  
L. Ye. Momotiuk ◽  
O. S. Bondaruk
Keyword(s):  
Public Debt ◽  
System Analysis ◽  
Optimal Level ◽  
The State ◽  
Effective Work ◽  
The Public ◽  
Operation Process ◽  
The Government ◽  
High Level ◽  
The Impact

A system analysis of the core threats to the budgetary security of the state shows that the current performance of the budgetary system in Ukraine was formed under the pressure of destructive external and internal risks aggravating the budgetary security problem. The article’s objective is to deepen theoretical and methodological foundations for the assessment of core threats to the budgetary security of the state.  It is demonstrated that the occurrence of external and internal threats to the budgetary security is characterized by the following tendencies: high level of GDP redistribution through the budgetary system; the growing figures of the total public debt, the government guaranteed debt and the payments to service and repayment of the public debt in Ukraine; the persisting high deficit of the public budget; high level of centralization of the budgetary funds.  It is substantiated that the execution of budget revenues involves two main dimensions of risk activities, which are the threats related with the proceeding of taxes and other categories of obligatory payments to the budget, and the administrative threats stemming from the existing system of tax administering. The impact of the first group of threats can be minimized by building up a rational budgetary system with the optimal level of fiscal burden. Minimization of the impact from the second group of threats will enable for the effective work of government bodies charged with administering and control.   The factors that cause risks and threats of budget losses resulting from failures in the budget revenues administration system are determined: risks which occurrence will result in the budget revenues never reaching the expected levels due to the inefficiency of forecasting and planning of budget revenues and failures in the routine operation process, first and foremost when mobilizing payments to the budget; risks of the excessive costs with the occurrence of which the costs for guaranteeing the projected figures of budget revenues by revenue category will exceed the economically viable ones; risks of the violation of the law, and risks of budget revenues administering per se.

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.

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 Digitalisation of the Economy of Social and Labour Relations in Modern Conditions

2021 ◽  
Vol 110 ◽  
pp. 01043
Author(s):  
Margarita Stefanenko ◽  
Elzara Abdulkhairova
Keyword(s):  
Labour Market ◽  
System Analysis ◽  
Rapid Development ◽  
Information Infrastructure ◽  
Digital Economy ◽  
The State ◽  
Infrastructure Development ◽  
Russian Economy ◽  
High Level ◽  
The Impact

The authors represent data on the state of the process of digitalisation of the Russian economy and draw a conclusion about the high level of the information infrastructure development along with that they note a great gap in the digitalisation level between regions. When assessing the impact of the development of Internet technologies on employment, two main consequences have been identified: the reduction of the impact of the geographical factor on the supply and demand in the labour market and the involvement of previously unoccupied social groups in the production process. The rapid development of the digital economy, the accelerated industrialisation of digital technologies such as the Internet, big data and cloud computing, have led to further improvements in computing power, a significant reduction in computing costs, and a significant leap in data analysis and processing capabilities. The purpose of the study is to analyse and evaluate the effects of economy digitalisation on employment. Within the framework of the research conducted, both general scientific and specific scientific methods were used: formal and logical research methods (the method of induction, deduction, analogy, synthesis, comparison, observation, description, systematisation), formal and legal, historical and legal, comparative and legal, institutional, system analysis. The paper analyses the current global economic and technological trends that affect the transformation and formation of new socioeconomic relations in the context of the digital economy formation. This article examines the impact of the development of digital information technologies on the labour market and employment. The authors represent data on the state of the process of digitalisation of the Russian economy and draw a conclusion about the high level of the information infrastructure development along with that they note a great gap in the digitalisation level between regions. The results of the study can be used in the work of public authorities at all levels to develop and adjust programmes for the further labour market development and to prevent unemployment.

scholarly journals Can the Central Bank Alleviate Fiscal Burdens?

2019 ◽  
pp. 130-170
Author(s):  
Ricardo Reis
Keyword(s):  
Central Bank ◽  
Public Debt ◽  
Balance Sheet ◽  
Central Banks ◽  
Resource Constraint ◽  
Income Risk ◽  
The Real ◽  
The Public ◽  
The Government ◽  
The Impact

Central banks affect the resources available to fiscal authorities through the impact of their policies on the public debt, as well as through their income, their mix of assets, their liabilities, and their own solvency. This chapter inspects the ability of the central bank to alleviate the fiscal burden by influencing different terms in the government resource constraint. It discusses five channels: (i) how inflation can (and cannot) lower the real burden of the public debt, (ii) how seigniorage is generated and subject to what constraints, (iii) whether central bank liabilities should count as public debt, (iv) how central bank assets create income risk and whether or not this threatens its solvency, and (v) how the central bank balance sheet can be used for fiscal redistributions. Overall, it concludes that the scope for the central bank to lower the fiscal burden is limited.

Data Mining in Evaluating the Impact of Perceived Trust in the Consumption of Safe Foods in Vietnamese Households: The Case of Vegetables in Hanoi

2018 ◽  
pp. 86-96
Author(s):  
Ha Tran Thi Thu ◽  
Minh Nguyen Thi ◽  
Anh Thi Le ◽  
Kim Nguyet Kieu
Keyword(s):  
Important Determinant ◽  
Regression Method ◽  
Credence Goods ◽  
Public Authorities ◽  
The Public ◽  
Perceived Trust ◽  
Main Determinants ◽  
The Government ◽  
High Level ◽  
The Impact

Food safety is as much of a concern to Vietnamese citizens as it is to the public authorities. As safe vegetables are classified as credence goods, the markets of which exhibit a high level of information asymmetry between the buyers and the suppliers. As such, making the market for safe vegetables become more transparent and grow sustainably is a must, but not an easy task. In this paper, we use a Kernel regression method to discover the main determinants of consumers’ decisions for the consumption of “safe” vegetables with more focus on perceived levels of trust. The result shows that apart from other traditional factors, perceived trust is an important determinant of consumers’ decisions. However, the data shows that consumers put more trust in un-verified factors such as “store’s reputation” or “label” and much less on formal factors such as “government certificates”. This result raises some alarm as other studies show that without trusted involvement from the Government, signals from suppliers, such as labeling are not reliable.

scholarly journals The Impact of Public Expenditure and Public Debt on Taxes: A Case Study of Jordan

2017 ◽  
Vol 6 (3) ◽  
pp. 10
Author(s):  
Ateyah Alawneh
Keyword(s):  
Public Debt ◽  
Positive Impact ◽  
Capital Expenditure ◽  
Linear Regression Method ◽  
The Public ◽  
Finance Capital ◽  
Internal Sources ◽  
The Government ◽  
The Impact

The study aimed to estimate the impact of capital expenditure, current expenditure and external and internal public debt on taxes in Jordan during the period 2001–2014. It adopted the multiple linear regression method by E-views program to study the impact of the independent variables (represented by capital expenditure, current expenditure, external and internal public debit) on the dependent variable (taxes). The statistical analysis showed a statistically significant, positive impact of both the capital expenditure and the current expenditure on taxes. The study also found a statistically significant, positive relationship between external and internal public debt on taxes in Jordan. The study presented a number of recommendations, most importantly for the public sector, taking into account the capital expenditure, the current expenditure and the external and internal public debt, which directly affect the tax increases in Jordan. There is a need to use non-traditional alternatives to finance capital expenditures instead of external public debt and internal sources, such as Sukuk Murabaha Islamic participation, to finance capital expenditure for the Government to build schools, hospitals and other government services. The Government should take into account the current expenditure of tax revenues, while capital expenditure should be covered by non-traditional means.

scholarly journals Does electoral competitiveness increase the government health expenditure in EAs?

2021 ◽  
Author(s):  
Jeong Woo Lee
Keyword(s):  
Public Health ◽  
Health Expenditure ◽  
Public Health Expenditure ◽  
The Public ◽  
Government Health ◽  
The Government ◽  
Government Health Expenditure ◽  
High Level ◽  
The Impact ◽  
Electoral Competitiveness

<p>Previous studies on the public health expenditure focus on the presence of multiparty elections in electoral autocracies (EAs). Most of elections in EAs often are unfair because those are for the victory of dictators. Multiparty elections <i>per se</i> do not capture the impact of characteristics during elections such as the electoral competitiveness in EAs. Some EAs pay health expenditure less than others even though electoral competitiveness is high. I analyze the effect of electoral competitiveness on the government health expenditure with the balanced panel data of 20 EAs from 2001 to 2017. There are two rival arguments on how electoral competitiveness affect the expenditure according to previous studies; (a) a high level of electoral competitiveness stands for a difficulty of dictatorial winning in elections. Autocrats, hence, gather various demands including health issues from voters, and can increase the government health expenditure; (b) Autocrats pursue the victory in elections. Pork and personal benefits to voters rather than programmed policies are helpful for the victory. Therefore, there is no incentive for autocrats to provide government health policy to voters when the level of electoral competitiveness is high. Empirical findings demonstrate that electoral competitiveness in EAs lead the decrease of government health expenditure. This paper concludes that electoral competitiveness does not increase the public health expenditure; the higher level of competitiveness in autocracies does not mean that voters can exert their power to autocrats to realize policies.</p>

scholarly journals Dealing with Egypt Public Debt Accumulation Problem

2019 ◽  
Vol 9 (4) ◽  
pp. 128
Author(s):  
Mohammed I. Abdu
Keyword(s):  
Public Debt ◽  
Private Investment ◽  
Securities Market ◽  
Debt Structure ◽  
The Public ◽  
Debt Problem ◽  
Debt Accumulation ◽  
New Ideas ◽  
The Government ◽  
The Impact

This paper examines the public debt problem in Egypt, and provides new supportive and non-stereotyped ideas that could help to put public debt on a downturn and a sustainable pass. The analytical approach was used to identify the magnitude of the public debt problem through analyzing the debt structure, the increase in interest payments, and private investment crowding out. The study also evaluates the impact of the economic reform problem on the debt to GDP level; in addition to analyzing the implications of the government plan on debt structure and its associated risks. Some of these risks are: the unsustainability of GDP growth and its structure, debt roll over risk, and the risk of materializing contingent liabilities. Furthermore, this paper proposes new ideas; besides, the usual concentration on fiscal consolidation and stable economic growth to decrease the Egyptian public debt. Improving tax collection, developing government securities market, using the appropriate economic policy mix, applying zero interest rate on the government liabilities to the Central bank of Egypt, and swapping debt with equity, are some non-stereotyped ideas that could help in reducing the public debt of Egypt.

scholarly journals The Impact of Public Debt on Economic Growth in Ukraine

2019 ◽  
Vol 53 (4) ◽  
pp. 91
Author(s):  
Iryna Kondrat ◽  
Olena Pozniakova ◽  
Oksana Chervinska
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Public Debt ◽  
The State ◽  
Gdp Per Capita ◽  
Gdp Growth ◽  
The Public ◽  
Per Capita ◽  
The Impact ◽  
The Relationship

<p><strong>Theoretical background:</strong> The growth in government borrowing, carried out in connection with the banks’ capitalisation, significantly increased the state budget expenditures aimed at servicing the capitalisation domestic public debt, which reinforces the general tendency regarding the exacerbation of the budget risk in the debt sphere in Ukraine. A weighty debt-creating factor was the budget deficit, which was covered by borrowing. Proceeding ahead of the rate of increase in debt volumes in comparison with gross domestic product (GDP) growth rates under the influence of internal and external destabilising factors contributed to the excess of the debt levels security indicators and increased the insolvency risk of the state. The increase of the obligations share denominated in foreign currency or linked to the exchange rate in the overall debt structure as an important indicator of the financial system’s vulnerability to exchange rate fluctuations creates additional threats to debt sustainability regarding the increasing currency risk and the national currency devaluation.</p><p><strong>Purpose of the article:</strong> The article is focused on studying the dynamics and structure of Ukraine’s public debt, its ratio to GDP, and an empirical analysis of the relationship between public debt (external and domestic) and economic growth in Ukraine.</p><p><strong>Research methods:</strong> To empirically test the relationship between public debt and economic growth in Ukraine over the 1992 to 2018 period, multiple regression models were conducted. A real GDP per capita was used as an indicator for economic growth and the debt-to-GDP ratio was used as an index of public debt. Research hypotheses were the following: H1: The public external debt-to-GDP ratio and GDP per capita have a strong negative and statistically relevant correlation; H2: The public domestic debt-to-GDP ratio and GDP per capita have a strong negative and statistically relevant correlation.</p><p><strong>Main findings:</strong> Examining the dynamics and structure of Ukraine’s public debt by borrowing market (external and domestic), it is concluded that there is no strong negative or positive statistically relevant correlation between the public debt-to-GDP ratio and GDP per capita for Ukraine. The impact of this factor is so insignificant that it encourages further research to verify that low GDP growth rate causes the increase in Ukraine’s public debt.</p>

scholarly journals Public debt changes in Serbia from 2008 to 2018

2020 ◽  
Vol 10 (1) ◽  
pp. 180-193
Author(s):  
Sanja Bakić
Keyword(s):  
Economic Growth ◽  
Public Debt ◽  
Budget Deficits ◽  
Debt Structure ◽  
Continuous Increase ◽  
The Public ◽  
Long Run ◽  
The Government ◽  
Sustainable Economic Growth ◽  
The Impact

Public debt are all direct and indirect financial obligations assumed by the government. The continuous increase in public debt and budget deficits is a characteristic of modern market economy of many countries. The paper offers an analysis of Serbia's public debt fluctuations from 2008 to 2018. Besides the public debt levels, we have analyzed public debt structure and the impact of its segments on public debt fluctuations. The main conclusion is that the level of public debt is an extremely important factor which affects Serbian economy and industry. If the public debt is continually kept within reasonable limits in the long run, it can enable sustainable economic growth.

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