scholarly journals NEW PRAGMATIC APPROACH TO FISCALIZATION OF PUBLIC FINANCE

2021 ◽  
pp. 10-23
Author(s):  
Andriy KRYSOVATYY
Keyword(s):  
Public Finance ◽  
Global Scale ◽  
Financial Policy ◽  
Pragmatic Approach ◽  
The Public ◽  
Coincidence Theory ◽  
New Directions ◽  
Formal And Informal Institutions ◽  
Fiscal Space ◽  
The Relationship

Introduction. Turbulence in the field of public finance on both national and global scale testifies to the existence of unresolved problems in reconciling the scientific postulates behind transformation and development of the institution of state. Crisis of the early twentieth century and the pandemic of 2019-2020 have revealed the ineffectiveness of liberal models of statehood, thus heightening the urgency of reinforcing scientific efforts directed at studying and fixing the aforementioned issue. The purpose of the article is to systemize the scientific grounds of the latest theoretical dimensions of the public finance institute and to determine a new pragmatic approach to its fiscalization. Methods. The methods of dialectic analysis, synthesis and logical generalization, as well as comparison and formalization are used. Results. The essential parameters of the relationship between global crises and changes in the technological framework have been revealed. Financial policy is viewed as the art of managing finance with the purpose of creating conditions for sustainable socio-economic develop ment. The contradictions accumulated in the field of public finance and fiscal space have been analyzed and the evolution of the institution of state has been traced. It has been proven that in view of the new directions of societal development precipitated by the globalization crisis and the pandemic it is advisable to determine a new pragmatic approach to fiscalization of public finance, which would be defined by values, formal and informal institutions, and policy based on the main features of the coincidence theory.

scholarly journals Fiscal Rules, Creative Accounting and Fiscal Transparency: An Evaluation on the Transition Economies

2015 ◽  
Author(s):  
İlter Ünlükaplan ◽  
Volkan Yurdadoğ ◽  
Ebru Canıkalp
Keyword(s):  
Public Finance ◽  
Good Governance ◽  
Fiscal Rules ◽  
Accounting System ◽  
Budget Deficits ◽  
The Public ◽  
Fiscal Transparency ◽  
Government Accounting ◽  
Creative Accounting ◽  
The Relationship

An anonymous idea is observed in the public finance literature that includes where fiscal rules, i.e numerical rules on the fiscal indicators, are strict and stringent, policy executives will have incentives to recourse to creative accounting implementations to overcome these numerical limits. Creative accounting is applied for demonstrating economic, especially fiscal indicators better than the originals to reach the necessary fiscal limit, even if they are primarily conducted by private firms. Many countries applied these illusory implementations to hide their reported budget deficits especially in the last global crisis period. With this manner, creative accounting violates the basic principles of governance in public finance. In this context, governments should have to establish statistical classification structure and government accounting system that aims to prevent creative accounting. With this dimension, fiscal transparency will prevent from creative accounting implementations. In this study, the relationship between fiscal rules and creative accounting on the public finance administration level will be determined and fiscal transparency suggestions that prevent these frauds in the economies will be evaluated. As a result, the practice of good governance in public finance should be implemented to provide financial transparency. In addition, the reforms about transparency in the legislation should be consider as an important proposal.

scholarly journals Due liabilities of territorial self-government units – the scope of disclosures

2020 ◽  
Vol 108 (164) ◽  
pp. 9-22
Author(s):  
Dorota Adamek-Hyska ◽  
Iwona Franczak
Keyword(s):  
Public Finance ◽  
Public Debt ◽  
Research Methodology ◽  
Statistical Tests ◽  
Statistical Significance ◽  
Financial Statement ◽  
Legal Regulations ◽  
The Public ◽  
The Relationship ◽  
Non Parametric

The article is an analysis of disclosures of due liabilities in the system of reporting used by territorial self- government units. The due liabilities (i.e., liabilities that have not been settled on time or liabilities that are past) of the units in question infringe legally regulated principles of managing public means, i.e., they are a factor that results in the loss of financial liquidity, and they infringe discipline of the public finance. Due liabilities are also a debt that is included in public debt. The article includes analyses of budget financial state- ments that refer to the expenditure plans and financial operations of territorial self-government units in the Silesian Province in the period 2016-2018. The research methodology was adjusted to the variables and is based on non-parametric statistical tests. The ANOVA Kruskal-Wallis test by ranks was used to test the statistical significance of differences between the distribution of a variable that describes the relationship between due liabilities to total liabilities and a selected nominal variable. Legal regulations and relevant public finance literature and budget financial statement reporting literature were also subject to this research.

scholarly journals System emerytalny i jego zmiany w Polsce w kontekście deficytu budżetowego oraz długu publicznego w latach 1999–2014

2015 ◽  
Vol 4 (3) ◽  
pp. 219-232
Author(s):  
Jolanta Ciak ◽  
Bożena Kołosowska
Keyword(s):  
Public Finance ◽  
Economic Policy ◽  
Public Debt ◽  
Pension System ◽  
The State ◽  
Future Generations ◽  
Financial Policy ◽  
State Budget ◽  
The Public ◽  
The Future

Since January 1999 a new pension system based on the reformed Social InsuranceInstitution (ZUS) and open pension funds (OFE) has been in force. The reformsdid not concern all the insured in ZUS uniformly, due to its scope and costs. The aim of the article is to present the changes in the Polish national pension systemand their influence on the public finance including the state budget. The influenceis considerable due to the long-lasting imbalance in the state budget and theaccumulating public debt. The authors discern that the changes suggested by thegovernment can be assessed as the choice between being responsible for presentand being responsible for the future. Thus the effects of the current changesin the pension system are moved to the future generations and the sources of theirfinancing, whether they are in the form of higher taxes, smaller public expenditureor higher public debt, will depend on the future economic policy includingthe financial policy.

The Public Finance of Urban Form

2012 ◽  
pp. 538-562 ◽  
Author(s):  
John I. Carruthers
Keyword(s):  
Public Finance ◽  
Urban Design ◽  
Urban Form ◽  
Local Governments ◽  
Public Economics ◽  
Behavioral Model ◽  
Strategic Interaction ◽  
The Public ◽  
Regulatory Decisions ◽  
The Relationship

This article provides an overview of what is known about the relationship between urban form and public finance. It reviews previous research in a way that integrates work from fields as disparate as public economics and urban design into a cohesive whole, and explains how to adapt traditional models of public finance to incorporate land use, and the kind of strategic interaction which local governments regularly engage in when making both spending and regulatory decisions. The article also describes a behavioral model of public finance.

scholarly journals AXIOLOGICAL ASPECTS OF THE FINANCIAL LAW SYSTEM

2020 ◽  
Vol 24 (1) ◽  
pp. 82-97
Author(s):  
Imeda A. Tsindeliani
Keyword(s):  
Public Finance ◽  
Public Relations ◽  
Legal System ◽  
Scientific Discipline ◽  
The State ◽  
Point Of View ◽  
Law System ◽  
The Public ◽  
The Relationship ◽  
Regulatory Properties

Legal axiology, as a scientific discipline, allows us to consider both the legal system of the State as a whole, and its individual elements from the point of view of the value foundations that exist in society and in each individual. The consideration of the elements of the State's legal system through value categories allows us to determine the relationship and interdependence of all elements of the legal system. It is especially necessary to note the influence of value categories on the formation of a system of the separate branches of the law, including the financial law of Russia. Value categories have an influence not only on the formation of the elements of the financial law system, but also predetermine their interaction as legal means of regulation of the public finances. The elements of the financial law system, as a branch of law, are the principles of the financial law, the rules of the financial law, and their separate forms of grouping - institutions and sub-sectors of the financial law. The principles of the financial law are the direct legal regulators of public relations in the field of public finance by their nature. Possessing regulatory properties, the principles of the financial law shouldn’t be identified with the rules of the financial law, since they are independent legal means of the regulation. The principles of the financial law, on the basis of their regulatory properties, should be considered as elements of a system of the financial law.

scholarly journals MODERN VECTORS OF REFORMING PUBLIC FINANCE MANAGEMENT IN THE CONTEXT OF MODERNIZATION OF THE FINANCIAL MECHANISM AND FINANCIAL SYSTEM OF UKRAINE

2021 ◽  
pp. 51-65
Author(s):  
Vasyl DEMIANYSHYN
Keyword(s):  
Public Finance ◽  
Management System ◽  
Financial System ◽  
The State ◽  
Financial Policy ◽  
The Public ◽  
Finance Management ◽  
Dialectical Analysis ◽  
Financial Mechanism

Introduction. The decline in the rate of socio-economic development of Ukraine, caused by a decrease in the effectiveness of state financial policy, the lag of its strategy from the requirements of the time, indicates the presence of complex unsolved problems of public finance management. The system of such management turned out to be unpredictable, especially in the long and medium term. The imbalance of certain elements of the financial mechanism led to a decrease in the quality of the state's performance of its functions. Objectively, society was faced with the task of reforming the public finance management system at all levels of the financial system, while modernizing the financial mechanism of the state and ensuring the achievement of long-term macroeconomic stability. The purpose of the article is to study scientific and methodological approaches to determining the stages, directions and specific components of public finance management, substantiation of modern vectors of reforming this management in the context of modernization of the financial mechanism and financial system of Ukraine. Methods. The study used general and special methods, in particular, dialectical analysis, synthesis, induction and deduction, logical generalization, and formalization. Results. The conceptual approaches to clarifying the essence and general characteristics of public finance management, its goals, objectives, principles and approaches are disclosed. The relationship between the types, stages, directions and components of the public finance management system has been established. The factors that negatively affect the management process are analyzed. The directions of improving the public finance management system in the context of reforming the financial system of Ukraine and the development of the financial mechanism of society are proposed, in particular: strengthening the requirements for maintaining financial discipline in the future; modernization of the system for the formation and distribution of financial resources of the state; creating conditions for ensuring the implementation of state financial plans; ensuring an appropriate level of publicity, transparency and clear accountability in the management of all parts of the financial system of Ukraine. It is proved that the implementation of each of these areas will contribute to improving the efficiency of public finance management in the context of modernization of the financial mechanism and financial system of Ukraine.

scholarly journals Selection and Assortment of The Variables Describing The Relationship between The Economy and The General Government Sector Size by Application of The LEM2 Algorithm

e-Finanse ◽  
2016 ◽  
Vol 12 (3) ◽  
pp. 69-84 ◽  
Author(s):  
Tomasz Skica ◽  
Jacek Rodzinka ◽  
Barbara Fryc
Keyword(s):  
Public Finance ◽  
The Public ◽  
Eu Member States ◽  
Government Sector ◽  
General Government ◽  
The Subject ◽  
Individual Variables ◽  
Relationship Of ◽  
The Relationship ◽  
Research Period

Abstract This paper reverses the relatively frequent examined interrelation that links an impact of the public sector (and within it the general government sector) on the economy of the analyzed countries. The article analyses whether the size of the general government sector is a function of the economy expressed through variables that were adopted for research. Realization of the research objective that was raised in this article focused on typing, grouping and selecting variables that describe respectively: the economy and the size of the sector. For identifying relationships between variables assigned to each group, the LEM2 algorithm was used. Rules that were generated by the application of this algorithm provided not only information about the relationships of individual variables, but also provided an indication of how frequently they occurred in relation to the examined pairs of variables describing the economy and the size of the general government sector. The subject of research was EU Member States (their economy and public finance systems) and the research period was set on the years 2000 to 2013 (inclusive). Among the economic variables and variables describing the size of the sector, there were included both standard variables used in the analyzes dedicated to macroeconomic issues as well as variables that the authors’ team selected in order to test their applicability in describing the economy and the size of the general government sector. Such a composition of the variables is well-founded as, besides the main objective of this article (i.e. to establish a link between the economic situation and size of the general government sector) the additional effect of research, and that is the optimization of the selected variables that are used to explain the relationship of the economy and the size of the sector.

Novations in Budgetary Process: Budgeting Focused on Result

2005 ◽  
pp. 4-22
Author(s):  
V. Gamukin
Keyword(s):  
Public Finance ◽  
New Method ◽  
Budgetary Process ◽  
Commercial Sector ◽  
The Public ◽  
Starting Condition ◽  
Domestic Practice

In the article the starting condition of applicating the new method of organization of the budgetary process - the budgeting focused on result is estimated. The importance of specification of the conceptual and methodical device of budgeting with reference to the public finance is underlined. It is conditioned by the fact that rich foreign and domestic practice of budgeting in commercial sector cannot be directly used for optimization of a trajectory of movement of state and municipal finances.

Modernization of the Public Finance in Russia

2006 ◽  
pp. 103-111 ◽  
Author(s):  
Mst. Afanasiev ◽  
I. Krivogov
Keyword(s):  
Public Finance ◽  
The Public ◽  
Budget Reform

Russian public finance reforming under conditions of substantial increase of budget expenditures is analyzed in the article. Basic directions of the budget reform are considered that are formulated in the variant of the Budget Code, which is currently still under discussion. The focus is made on results-based budgeting and federal investment programs management.

The Dynamics of Egypt’s “Semi-opposition,” 2004–11

2019 ◽  
Vol 12 (4) ◽  
pp. 83-103
Author(s):  
Mai Mogib Mosad
Keyword(s):  
Public Sphere ◽  
Political System ◽  
Muslim Brotherhood ◽  
The Public ◽  
The Muslim Brotherhood ◽  
The Public Sphere ◽  
The Relationship

This paper maps the basic opposition groups that influenced the Egyptian political system in the last years of Hosni Mubarak’s rule. It approaches the nature of the relationship between the system and the opposition through use of the concept of “semi-opposition.” An examination and evaluation of the opposition groups shows the extent to which the regime—in order to appear that it was opening the public sphere to the opposition—had channels of communication with the Muslim Brotherhood. The paper also shows the system’s relations with other groups, such as “Kifaya” and “April 6”; it then explains the reasons behind the success of the Muslim Brotherhood at seizing power after the ousting of President Mubarak.

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