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 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 TRUMPALAIKIS IR ILGALAIKIS BIUDŽETO PLANAVIMAS LIETUVOS RESPUBLIKOJE

Teisė ◽  
2013 ◽  
Vol 87 ◽  
pp. 7-19
Author(s):  
B. Sudavičius
Keyword(s):  
Budget Process ◽  
Legal Basis ◽  
Short Term ◽  
Budget Planning ◽  
The Republic

Tam tikro laikotarpio biudžeto pajamų ir asignavimų planavimas – vienas iš pagrindinių biudžeto pro­ceso principų (kartu ir biudžeto kaip finansinio planinio akto), įtvirtintų įstatymuose. Straipsnyje nagri­nėjami trumpalaikio ir ilgalaikio biudžeto planavimo taikymo Lietuvos Respublikoje teisiniai pagrindai, siekiama atskleisti šio principo kaip pajamų ir asignavimų numatymo atitinkamam laikotarpiui esmę, atsiradimo priežastis, taikymo ribas ir pan. Budget planning for certain period of time entails identifying the sources of income and taking into account all current and future expenses and is one of the main principles of budget process in whole. The article deals with the analysis of legal basis of long – and short-term budget planning in the Republic of Lithuania with the aim to explain the meaning of this principle, to find out the origin of long-term budget planning, etc.

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 The Influence Of Long-Term Tangıble Asset’s Valuatıon On Fınancıal Indıcators: The Attıtude Of Shareholders And Credıtors

2016 ◽  
Vol 12 (4) ◽  
pp. 367
Author(s):  
Lina Paliuliene
Keyword(s):  
Fair Value ◽  
Total Asset ◽  
Financial Indicators ◽  
Historical Cost ◽  
Valuation Methods ◽  
Financial Condition ◽  
Valuation Method

In the article the long-term tangible asset’s valuation methods by the historical cost and the fair value are generalized, indicators that are analyzed by shareholders and creditors when assessing the company's financial condition are identified. For the research eight Lithuanian companies which apply different long-term tangible asset’s valuation methods were selected from two industries. The influence of long-term tangible asset’s valuation was explored by five relative indicators. It was determined that valuation method is associated with long-term tangible asset’s part in the total company's asset. When long-term tangible asset’s part in the total company’s asset constitutes less than 50 percent, the asset’s valuation method has no influence on the analyzed indicators. When long-term tangible asset’s part in the total asset constitutes more than 50 percent, the asset’s valuation method affects solvency and investment indicators. Long-term tangible asset’s valuation method does not affect profitability indicators, independent of long-term tangible asset’s part in the total asset.

scholarly journals ANALYSIS OF THE MAIN INCONSISTENCIES IN THE FIELD ENVIRONMENTAL PROTECTION AND RATIONAL USE OF NATURAL RESOURCES

2021 ◽  
Vol 0 (1) ◽  
pp. 108-113
Author(s):  
Galina S. Dokurno ◽  
◽  
Elena V. Khotko ◽  
Keyword(s):  
Natural Resources ◽  
Environmental Protection ◽  
Negative Impact ◽  
Environmental Audit ◽  
Environmental Certification ◽  
Environmental Auditing ◽  
Rational Use ◽  
Environmental Audits

Environmental auditing is one of the ways to reduce the negative impact on our environment. The publication describes the procedure for conducting an environmental audit. The authors pay special attention to the analysis of the main resources, analyzed over the long-term practice of environmental audits, by the employees of the department of environmental certification and audit of RUE “Bel NIC” Ecology “.

scholarly journals Polish Pension Funds Investment - is There A Place For Real Property in A Portfolio?

2010 ◽  
Vol 9 (1) ◽  
pp. 151-166
Author(s):  
Magdalena Zaleczna ◽  
Rafał Wolski
Keyword(s):  
Pension Fund ◽  
Pension Funds ◽  
Capital Allocation ◽  
Portfolio Diversification ◽  
Financial Resources ◽  
Constant Flow ◽  
Real Property ◽  
Return Levels ◽  
Entire Economy

Polish Pension Funds Investment - is There A Place For Real Property in A Portfolio?The pension fund investments should be characterised by a long term, low risk and profitability, which implicates the necessity of portfolio diversification. In general, pension funds having regular long-term contributions should develop the long-term policy and its effects would be responsible for the economic position of their future beneficiaries. The ways of capital allocation are also critical in terms of the entire economy, as a constant flow of financial resources provided by pension funds stimulates the activity of its recipients. The typical assets in a pension fund's portfolio in the developed economy are stocks, bonds and real property owing to low (negative) correlation between these assets and their diversified potential. The legal investment limits imposed on the Polish pension funds exclude direct investment in real property, which is responsible - in the authors' opinion - for the lower level of diversification and hinders the risk reduction. The authors analyze the Polish pension fund portfolios focusing on risk and return levels. The aim of the study is to find the answer to the important question about the results of hypothetically added real property to the portfolios of pension funds.

scholarly journals Financial indicators of the sustainability of pastoral farms and their relationship with environmental sustainability

1997 ◽  
pp. 199-204
Author(s):  
Nicola M. Shadbolt ◽  
Stuart D. Morriss ◽  
Terry C. Kelly
Keyword(s):  
Environmental Sustainability ◽  
National Level ◽  
Environmental Indicators ◽  
Financial Indicators ◽  
Financial Health ◽  
Financial Measures ◽  
Preliminary Examination ◽  
Biophysical Indicators ◽  
The Relationship

Agri-environmental indicators developed in New Zealand to date have focused more on environmental and biophysical indicators than on social and financial measures. However, the latter are increasingly seen as pre-requisites to achieving long-term financial and social viability in agriculture. At present environmental costs are internalised in the financial performance of farm businesses because environmental protection in agriculture is funded almost entirely by farmers. This paper presents a preliminary examination of the perceptions of farmers on the relationship between farm financial resources and the environmental effects of farming. It aims to identify pragmatic and reliable financial indicators of sustainable agriculture at both the farm and the regional or national level. The paper will introduce a range of indicators used to measure the financial health of a business and will evaluate them for their ability to measure the economic sustainability of farm businesses over time. Farmer perceptions of the existence of links between the financial and environmental indicators will be explored through analysis of interview responses. Keywords: financial health, sustainability indicators, environmental indicators, financial indicators

TO THE ISSUE OF THE DEVELOPMENT OF INTERNATIONAL LEGAL COOPERATION OF STATES IN THE FIELD OF THE RATIONAL USE AND PROTECTION OF RESOURCES OF THE WORLD OCEAN

2020 ◽  
Vol 16 (1) ◽  
pp. 154-161
Author(s):  
Михаил Елизаров
Keyword(s):  
Climate Change ◽  
World Ocean ◽  
Future Generations ◽  
Global Level ◽  
Legal Basis ◽  
Rational Use ◽  
Global Consensus ◽  
The World ◽  
Acute Challenge

Over the decades, attempts were made to elaborate a legally binding single document on ocean resource management that would be acceptable to all countries. The culmination of this process was the adoption of the 1982 UN Convention on the law of sea. Since its entry into force, the Convention has become an important legal basis for ensuring the rational use of the world's ocean resources and their long-term conservation on behalf of future generations. At the same time, there remains the very acute challenge associated with finding a balance between reaching a global consensus on issues that are common to all and identifying topics that can be addressed and resolved by leaders at the global level. As humankind continues to postpone the adoption of urgent measures to prevent the effects of climate change, the environment deteriorates, while measures to mitigate these effects get more expensive and complex.

ANALISIS PENGARUH NILAI SAHAM YANG BEREDAR, STRUKTUR MODAL, RISIKO PASAR, DAN SUKU BUNGA TERHAD AP RETITRN SAHAM DI BEJ DENGAN PENDEKATAN MODEL DINAMIS (Studi Kasus Pada Sektor Aneka lndustri Tahun 1996-2002)

2005 ◽  
Vol 1 (1) ◽  
pp. 20
Author(s):  
Ari Christianti ◽  
Murti Lestari
Keyword(s):  
Capital Structure ◽  
Dynamic Model ◽  
Stock Return ◽  
Negative Impact ◽  
Short Term ◽  
Correction Model ◽  
Industry Sector ◽  
The Interest Rate ◽  
Model Approach

The study aims at empirically proving and analyzing the balance model of Capital Asset Pricing Model (CAPM with the multifactor of risks, consisting of: outstanding stocks value, capital structure represented by Debt EquiQ Ratio (DER), market risk as represented by stock market beta, and the interest rate on company return on stock.This research uses a dynamic model approach considering the existence of the weaknessesin a classic linear model. Since the investment is related to investors behavior that need a lag to market change, the use of the dynamic model approach will be better. It is because the dynamic model uses autoregressive approach containing the lag. The dynamic model used here is Partial Adjustment Model (PAM) and Error Correction Model (ECM).  Based on the estimation of the PAM model it is proven that the model is inefficient in finding the evidence confirming the hypothesis. Subsequently,based on the result of the examination of the ECM model it isconcluded that outstanding stocks value has a positive and signiJicant impact in short term and a negative impact in long term. It means that in the short term outstanding stocks value serves as the consideration for investors in making an investment. However in the long term they are likely to believe that the use of smaller internal capital proportion will be more beneficial for them. The capital structure has only a longierm impact on the return on stock. It means that the impact of DER on stock return on miscellaneous industry sector needs the quite long lag to influence the investors in determining stocks return. It indicates that in the long term they believ:e that the use of increasing number of loan will causes the decrease in company liquidity. Consequently, the opportunity for the company to go bankrupt is bigger Beta stock in the study has a negative impact in the long term. Theoretically, it is not consistent with the parameter direction and indicated that beta stock does notserve as an app;r,pviate prory in measuring the rislcs on. miscellaneous industry sector The interest rate has in the long term a negative impact on stocks return and needs the long lag to influence the investors in determining the return on stocks.Keywords: Stock return, outstanding stock value, DER (Debt Equity Ratio), beta, interest rote, ECM (Eruor Correction Model)

OBSTACLES TO IMPLEMENTING INITIATIVES OF SOCIAL RESPONSIBILITY IN SMALL AND MEDIUM-SIZE FIRMS

2010 ◽  
Vol 8 (1) ◽  
pp. 261-270
Author(s):  
Rima Česynienė ◽  
Marina Neverkevič
Keyword(s):  
Social Responsibility ◽  
Research Data ◽  
Theory And Practice ◽  
Financial Resources ◽  
Medium Size ◽  
Socially Responsible ◽  
Lack Of Information ◽  
Corporate Social ◽  
Support Research

The purpose of the paper is to analyse the obstacles to implementing social responsibility initiatives in small and medium-size business firms. The implementing fields and the importance of corporate social responsibility (CSR) initiatives in small and medium-size business firms are stressed in the paper. The current situation of CSR in Lithuanian small and medium-size firms is presented. The research data allowed discovering that the main obstacle to implement social responsibility in the small and medium-size firms is the managers’ attitude that social responsibility is a matter of great concern only to large companies. 43% of respondents indicated this obstacle. On the other hand, the research data allowed finding out that in our turbulent environment social responsibility in small and medium-size business firms is not a random phenomenon (71 %), and it is constant concern to managers, which provides for the budget (54 %). The understanding that social responsibility initiatives are only charity or philanthropy is also declined, only 5% of the respondents think so, however, 32 % of firms are supporting charitable initiatives. The most stimulating factors in the implementation of CSR are: staff loyalty and job satisfaction, a better image of the company, long-term competitiveness of the business advantage, the increased consumers requirements. Socially responsible behaviour disincentives are: the lack of human resour-ces (51 %), lack of information about gain from socially responsible activities (50 %), lack of financial resources (28 %). Both theory and practice agree that the implementation of CSR issues is most dependent on the leader’s attitude. The managers of small and medium-size business firms mostly are coordinating the implementation of CSR initiatives (70% of respondents). The results of the empirical research of CSR initiatives implementation in business prac-tices were presented in the possible model of tools which stimulates social responsibility initiatives in small and medium-size business firms. This integrated model includes pu-blic, government and business efforts and interests: 1) improvement of public policy, 2) revitalization of public organizations; 3) encourage and support research, 4) integration of CSR into education, 5) singleness of purpose (depending on companies’ specifics), 6) increase of managers’ consciousness, 7) implementation of a step-by-step approach.

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