scholarly journals BUDGET ASPECTS OF FUNCTIONING OF SUBFEDERAL AUTHORITIES IN THE RUSSIAN FEDERATION

2020 ◽  
Vol 3 (1) ◽  
pp. 200-208
Author(s):  
Tatiana V. Sumskaya
Keyword(s):  
Fiscal Policy ◽  
National Level ◽  
Federal Budget ◽  
Structure Stability ◽  
Territorial Development ◽  
Methodical Approach ◽  
Budget Policy ◽  
Financial Base ◽  
Regional Budgets ◽  
The Impact

In this paper we identify the conditions of formation of the financial base of subjects of Federation, the technique of analysis of the structure, stability of budgets and efficiency of sub-federal budget policy. The purpose of the analysis is the elaboration of the methodical approach to the justification and evaluation of principles and criteria to strengthen fiscal capacities of regions within sub-federal fiscal policy. The study used a system approach, comparative and regression analysis. Performed complex calculations on materials of subjects of RF for 2018 has revealed features of the forming of revenues of regional budgets, as well as to assess the impact of fiscal policy on the federal levels of government on incentives for economic development of the territories. Results of the study can be used in studying the possibilities for the improvement of fiscal policy in the direction of alignment and incentives of sub-national authorities to strengthen their own revenue base. The methodical approach to the study of the influence of sub-federal fiscal policy on territorial development made it possible to characterize the inter-governmental fiscal relations at the sub-national level in terms of overcoming the asymmetry in the budgetary provision of regions, as well as detect the presence of incentives for regions to increase tax and nontax revenues. It is concluded that the improvement of inter-budgetary fiscal relations should include measures to strengthen the own tax capacity of sub-national level. In addition, the measures to prevent the direct relationship between the actual and predictable revenues and expenditure budget and the amount of received grants for leveling the budget supply are necessary.

Analysis of tax-spend nexus for Russian regional budgets

2020 ◽  
pp. 5-29
Author(s):  
Evsey T. Gurvich ◽  
Natalia A. Krasnopeeva
Keyword(s):  
Economic Growth ◽  
Fiscal Policy ◽  
Causal Relationship ◽  
National Economy ◽  
Federal Budget ◽  
Fiscal Rules ◽  
Fiscal Discipline ◽  
Federal Level ◽  
Regional Budgets ◽  
Econometric Technique

We study the tax-spend nexus for Russian regional budgets. Causal relationship running from taxing to spending is found, thus supporting the concept “tax and spend” suggested by M. Friedman. Next, elasticity of expenditure by revenue is estimated for a panel of 80 regional budgets basing on data for 2000—2017. Estimates are in the range of 0.72 to 0.78 (depending on the econometric technique), which exceeds elasticity for the federal budget more than twice. This evidences that fiscal policy at the sub-federal (as distinct from the federal) level has clear pro-cyclical nature. Besides, the largest sensitivity of expenditure to revenue shocks is found for the item “national economy”, implying marked adverse implications for economic growth. We suggest to mitigate this effect by modifying fiscal rules for sub-federal budgets. They are currently aimed primarily at enhancing fiscal discipline, with less emphasis on countercyclical policy, insulating economy from fiscal shocks.

scholarly journals Empirical study of the fiscal policy impact on economic growth

2017 ◽  
Vol 15 (3) ◽  
pp. 316-322 ◽  
Author(s):  
Mykola Pasichnyi
Keyword(s):  
Economic Growth ◽  
Fiscal Policy ◽  
Emerging Market ◽  
Positive Influence ◽  
Emerging Market Economies ◽  
Market Economies ◽  
Role Of The State ◽  
Budget Policy ◽  
The Impact

The challenges of economic globalization, recession, and the essential changes in market conditions, as well as the financial institutionalization, determine the expediency of the new studies to explore the impact of fiscal instruments on the dynamics of economic growth and social stability. This paper examines the role of fiscal policy in the economic growth ensuring in advanced and emerging market economies over the period from 2001 to 2015. The research indicates the growing role of the state (in general) and the budget (in particular) in regulation of social and economic processes. Based on the methods of economic regression, the interrelations between government spending and GDP growth in different groups of countries were evaluated. The study emphasized the directions to increase the positive influence of budget policy on economic development for countries with emerging market economies. This can be achieved by harmonization of the tax burden and structure, improving the use of budget funds, conducting structural optimization of budget expenditures, further development of financial and budget institutions, implementation of the fiscal constraints and rules while forming the basic indicators of fiscal policy.

scholarly journals Budget policy and its features in the economy of Ukraine

2021 ◽  
Keyword(s):  
Fiscal Policy ◽  
National Economy ◽  
Scientific Methods ◽  
Stage Of Development ◽  
Analysis And Synthesis ◽  
Logical Method ◽  
Implementation Stages ◽  
Budget Policy ◽  
Budget Strategy ◽  
The Impact

The article considers the peculiarities of the formation and implementation of budget policy in the economy of Ukraine that have a significant impact on its effectiveness. Purpose: to define the peculiarities of the formation and implementation of budget policy and their consequences for the national economy of Ukraine. General scientific methods of obtaining knowledge have been used: analysis and synthesis - to distinguish certain features of budget policy both at the formation and implementation stages, and a system-based logical method - to assess the consequences of the existing budget policy in Ukraine and proposals for its improvement. The following results have been obtained: modern features of the formation and implementation of budget policy which have a significant impact on its effectiveness have been revealed. The impact of these features on socio-economic processes in the country has been analyzed. A system of related steps has been proposed to improve the results of a budget policy. It includes the development of a long-term strategy for the development of the economy, a structural investment policy of the state with well-defined priorities, a budget strategy with mandatory alignment with development priorities and planned reforms for several years, reforms in areas related to the budget system, and increased control over the proper use of budget funds. Conclusions: The analysis shows that fiscal policy has certain features that significantly weaken the positive effect of its application at the current stage of development. As fiscal policy significantly affects the direction of development and the business activity of the national economy, this research strand will still need the researchers’ attention over time. Issues related to the formation and implementation of the budget strategy, selection and financing of structural priorities and so on are relevant.

Tax loss carryforwards: Fiscal implications for regional budgets

2020 ◽  
Vol 23 (3) ◽  
pp. 314-328
Author(s):  
A.A. Anisimova
Keyword(s):  
Fiscal Policy ◽  
Investment Activity ◽  
Econometric Methods ◽  
First Case ◽  
Regional Budget ◽  
Calculation Results ◽  
Tax Loss ◽  
Regional Budgets ◽  
The Impact ◽  
Fiscal Implications

Importance. This article deals with the implications for regional budgets arising from the introduction of tax incentives in terms of damaging the regional budget and attracting investments in the region's economy. Objectives. The article aims to analyze the consequences of applying a benefit of tax loss carryforward for tax revenues of regional budgets. Methods For the study, I used econometric methods and statistics data of 2016. Results. The article presents the results of analysis of fiscal costs for the regions due to tax loss carryforward and shows the calculation results of the impact of the benefit on investment and regional budgets for two scenarios of fiscal policy. Conclusions. The analysis of the two fiscal policy scenarios for regional budgets shows that introducing a restriction on the benefit in the first case would result in economy of the budget, and in the second case, it would result in the losses from the decrease of investment activity.

scholarly journals THE BUDGET AS THE MOST IMPORTANT DRIVING FORCE OF CITY DEVELOPMENT (THE NOVOSIBIRSK CITY AS AN EXAMPLE)

2019 ◽  
Vol 3 (1) ◽  
pp. 239-248
Author(s):  
Tatiana Sumskaya
Keyword(s):  
Economic Development ◽  
Fiscal Policy ◽  
Driving Force ◽  
Large City ◽  
City Development ◽  
Methodical Approach ◽  
Direct Exposure ◽  
Socio Economic Development ◽  
Budget Policy ◽  
Important Form

Budget policy is the most important form of direct exposure of authorities on the ongoing processes in the territory, an important tool for regulation of regional development. Effective budget policy provides a growth of fiscal revenues allocated for the purposes of socio-economic development of territories.The goal of the study is the elaboration of the methodical approach to the evaluation of budget and intergovernmental fiscal flows within sub-federal fiscal policy and its approbation by the example of large city. To achieve this goal it took to solve the following tasks. 1. To consider the key fiscal indicators for Novosibirsk City. 2. To offer the technique of assessing a city’s budget and the intergovernmental fiscal flows and to perform the calculations using this technique for the period 2011-2017. 3. To analyze the balance between fiscal revenues and expenditures, the balance between local revenues and regional grants, and its dependence on the latter. 4. To analyze the possibility ofthe use of budgetresources to identifythe main areasof spendingin Novosibirsk City. 5. To investigatethe stabilityof the budget of Novosibirsk City through applying the budgetary coefficients technique. It is concludedthat the improvement ofinter-budgetary fiscal relationsshould include measuresto strengthen the owntaxcapacity of municipalities. It is impossible withoutensuring stability of securingtax revenuesforlocal budgets. In addition, themeasuresto prevent the directrelationship between theactual and predictablerevenues and expenditurebudgetand the amount ofreceivedgrants forleveling the budget supply are necessary.

Pengaruh Budaya Terhadap Akuntansi, Auditing Dan Praktik Akuntansi Internasional

2016 ◽  
Vol 3 (1) ◽  
pp. 78-95
Author(s):  
Priyastiwi Priyastiwi
Keyword(s):  
Cultural Values ◽  
Leadership Style ◽  
Financial Reporting ◽  
National Level ◽  
Deep Understanding ◽  
Cultural Dimensions ◽  
Financial Disclosure ◽  
Cross Cultural Differences ◽  
The Future ◽  
The Impact

The purpose of this article is to provide the basic model of Hofstede and Grays’ cultural values that relates the Hofstede’s cultural dimensions and Gray‘s accounting value. This article reviews some studies that prove the model and develop the research in the future. There are some evidences that link the Hofstede’s cultural values studies with the auditor’s judgment and decisions by developing a framework that categorizes the auditor’s judgments and decisions are most likely influenced by cross-cultural differences. The categories include risk assessment, risk decisions and ethical judgments. Understanding the impact of cultural factors on the practice of accounting and financial disclosure is important to achieve the harmonization of international accounting. Deep understanding about how the local values may affect the accounting practices and their impacts on the financial disclosure are important to ensure the international comparability of financial reporting. Gray’s framework (1988) expects how the culture may affect accounting practices at the national level. One area of the future studies will examine the impact of cultural dimensions to the values of accounting, auditing and decision making. Key word : Motivation, leadership style, job satisfaction, performance

PERTANGGUNGJAWABAN KERUGIAN NEGARA DALAM PENGELOLAAN KEUANGAN DAERAH

EDUKASI ◽  
2018 ◽  
Vol 16 (1) ◽  
Author(s):  
Hendra Karianga
Keyword(s):  
Financial Management ◽  
Criminal Liability ◽  
The State ◽  
Legal Proceedings ◽  
Regional Finance ◽  
Regional Budget ◽  
State Finance ◽  
Budget Policy ◽  
Definition Of ◽  
The Impact

Sources of revenue and expenditure of APBD (regional budget) can be allocated to finance the compulsory affairs and optional affairs in the form of programs and activities related to the improvement of public services, job creation, poverty alleviation, improvement of environmental quality, and regional economic growth. The implications of these policies is the need for funds to finance the implementation of the functions, that have become regional authority, is also increasing. In practice, regional financial management still poses a complicated issue because the regional head are reluctant to release pro-people regional budget policy, even implication of regional autonomy is likely to give birth to little kings in region causing losses to state finance and most end up in legal proceedings. This paper discusses the loss of state finance and forms of liability for losses to the state finance. The result of the study can be concluded firstly,  there are still many differences in giving meaning and definition of the loss of state finace and no standard definition of state losses, can cause difficulties. The difficulty there is in an effort to determine the amount of the state finance losses. The calculation of state/regions losses that occur today is simply assessing the suitability of the size of the budget and expenditure without considering profits earned by the community and the impact of the use of budget to the community. Secondly, the liability for losses to the state finance is the fulfillment of the consequences for a person to give or to do something in the regional financial management by giving birth to three forms of liability, namely the Criminal liability, Civil liability, and Administrative liability.Keywords: state finance losses, liability, regional finance.

DAMPAK KEBIJAKAN FISKAL TERHADAP KINERJA SEKTOR PERTANIAN DI SULAWESI TENGGARA

2017 ◽  
Vol 1 (1) ◽  
Author(s):  
La Ode Jabuddin ◽  
Ayub M Padangaran ◽  
Azhar Bafadal Bafadal
Keyword(s):  
Fiscal Policy ◽  
Interest Rates ◽  
Agricultural Sector ◽  
Simultaneous Equations ◽  
Poor People ◽  
Land Area ◽  
Factors Affecting ◽  
Historical Simulation ◽  
The Impact ◽  
Direct Expenditure

This study aims to: (1) Knowing the dynamics of fiscal policy and the performance of the agricultural sector, (2) Analyze the factors that influence fiscal policy and the performance                   of the agricultural sector, and (3) Analyzing the impact of fiscal policy on the performance of the agricultural sector. The data used in this study were pooled 2005-2013 data in the aggregate. Econometric model the impact of fiscal policy on the performance of the agricultural sector is built in the form of simultaneous equations, consisting of 7 equations with 25 total variables in the model, 7 endogenous variables, 12 exogenous variables, and 6 variables lag. The model is estimated by 2SLS method SYSLIN procedures and historical simulation with SIMNLIN procedure.The results showed that: (1) The development of fiscal policy in Southeast Sulawesi from year to year tends to increase, (2) The performance of the agricultural sector from the aspect of GDP has decreased, from the aspect of labor is still consistent, in terms of investment to grow positively, and assign roles which means to decrease the number of poor people, (3) factors affecting fiscal policy is local revenues, equalization funds, other revenues, as well as the lag fiscal policy, (4) the factors that affect the performance of the agricultural sector from the aspect GDP is labor, direct expenditure and GDP lag; from the aspect of labor is the total labor force, investment, land area, direct expenditure, as well as the lag of labor; from the aspect of investment is influenced by GDP per capita, land area, interest rates and investment lag; as well as from the aspect of poor people, are affected by population, investments, direct expenditure and poverty lag, (5). Fiscal policy impact on the agricultural sector GDP increase, a decrease in the number of poor, declining agricultural laborers, and a decrease in the amount of investment in the agricultural sector.Keywords: Fiscal policy, the performance of the agricultural sector, the simultaneous equations

HOME VISITS DURING THE FIRST MONTH OF DELIVERY FOR RECENTLY DELIVERED WOMEN IN UTTAR PRADESH, INDIA

2020 ◽  
Vol 6 (5) ◽  
pp. 1183-1189
Author(s):  
Dr. Tridibesh Tripathy ◽  
Dr. Umakant Prusty ◽  
Dr. Chintamani Nayak ◽  
Dr. Rakesh Dwivedi ◽  
Dr. Mohini Gautam
Keyword(s):  
Large Scale ◽  
National Level ◽  
Uttar Pradesh ◽  
Life Time ◽  
Structured Interview ◽  
The Other ◽  
Registration System ◽  
Action Group ◽  
Current Article ◽  
The Impact

The current article of Uttar Pradesh (UP) is about the ASHAs who are the daughters-in-law of a family that resides in the same community that they serve as the grassroots health worker since 2005 when the NRHM was introduced in the Empowered Action Group (EAG) states. UP is one such Empowered Action Group (EAG) state. The current study explores the actual responses of Recently Delivered Women (RDW) on their visits during the first month of their recent delivery. From the catchment area of each of the 250 ASHAs, two RDWs were selected who had a child in the age group of 3 to 6 months during the survey. The response profiles of the RDWs on the post- delivery first month visits are dwelled upon to evolve a picture representing the entire state of UP. The relevance of the study assumes significance as detailed data on the modalities of postnatal visits are available but not exclusively for the first month period of their recent delivery. The details of the post-delivery first month period related visits are not available even in large scale surveys like National Family Health Survey 4 done in 2015-16. The current study gives an insight in to these visits with a five-point approach i.e. type of personnel doing the visit, frequency of the visits, visits done in a particular week from among those four weeks separately for the three visits separately. The current study is basically regarding the summary of this Penta approach for the post- delivery one-month period.     The first month period after each delivery deals with 70% of the time of the postnatal period & the entire neonatal period. Therefore, it does impact the Maternal Mortality Rate & Ratio (MMR) & the Neonatal Mortality Rates (NMR) in India and especially in UP through the unsafe Maternal & Neonatal practices in the first month period after delivery. The current MM Rate of UP is 20.1 & MM Ratio is 216 whereas the MM ratio is 122 in India (SRS, 2019). The Sample Registration System (SRS) report also mentions that the Life Time Risk (LTR) of a woman in pregnancy is 0.7% which is the highest in the nation (SRS, 2019). This means it is very risky to give birth in UP in comparison to other regions in the country (SRS, 2019). This risk is at the peak in the first month period after each delivery. Similarly, the current NMR in India is 23 per 1000 livebirths (UNIGME,2018). As NMR data is not available separately for states, the national level data also hold good for the states and that’s how for the state of UP as well. These mortalities are the impact indicators and such indicators can be reduced through long drawn processes that includes effective and timely visits to RDWs especially in the first month period after delivery. This would help in making their post-natal & neonatal stage safe. This is the area of post-delivery first month visit profile detailing that the current article helps in popping out in relation to the recent delivery of the respondents.   A total of four districts of Uttar Pradesh were selected purposively for the study and the data collection was conducted in the villages of the respective districts with the help of a pre-tested structured interview schedule with both close-ended and open-ended questions.  The current article deals with five close ended questions with options, two for the type of personnel & frequency while the other three are for each of the three visits in the first month after the recent delivery of respondents. In addition, in-depth interviews were also conducted amongst the RDWs and a total 500 respondents had participated in the study.   Among the districts related to this article, the results showed that ASHA was the type of personnel who did the majority of visits in all the four districts. On the other hand, 25-40% of RDWs in all the 4 districts replied that they did not receive any visit within the first month of their recent delivery. Regarding frequency, most of the RDWs in all the 4 districts received 1-2 times visits by ASHAs.   Regarding the first visit, it was found that the ASHAs of Barabanki and Gonda visited less percentage of RDWs in the first week after delivery. Similarly, the second visit revealed that about 1.2% RDWs in Banda district could not recall about the visit. Further on the second visit, the RDWs responded that most of them in 3 districts except Gonda district did receive the second postnatal visit in 7-15 days after their recent delivery. Less than half of RDWs in Barabanki district & just more than half of RDWs in Gonda district received the third visit in 15-21 days period after delivery. For the same period, the majority of RDWs in the rest two districts responded that they had been entertained through a home visit.

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