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Economy, finances, management: Topical issues of science and practical activity

space SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 1(41)

Published: 2019.08.01
DOI: 10.37128/2411-4413-2019-1


Description:
The magazine deals with the problems of the agricultural sector of the economy in the context of integration and processes of globalization. Attention is paid to the issues of development of digital economy, rural territories, technologies of enterprise management and organization of accounting, problems of legal support of economic processes, market tendencies of development of various branches of economy. Particular attention is paid to green tourism as a promising segment of the national economy.

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BUDGET POLICY AS AN INSTRUMENT OF SOCIO-ECONOMIC DEVELOPMENT OF THE COUNTRY

DOI: 10.37128/2411-4413-2019-1-8
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GARBAR Zhanna – Doctor of Economic Sciences, Associate Professor, Professor of the Department of Agrarian Management, Vinnytsia National Agrarian University (21000, Vinnytsia, 3 Pirogov St., e-mail: garbar_janna@ukr.net). 

KONDUKOTSOVA Nelia – Senior Lecturer of the Management Department of the Institute of Economics and Management, Open International University of Human Development «Ukraine» (03115, Kyiv, 23 Lvivska St., e-mail: knelyavp@ukr.net).

Annotation

The article defines the basic principles of budget policy formation as a tool for socio-economic development of the country. Budgetary policy has been found to be a powerful tool for ensuring macroeconomic stabilization and further activation of economic development processes. The necessity to study the impact of budgetary policy on the development of the real sector of the economy, to identify the problematic aspects of budgetary regulation of economic growth, to determine the directions of increasing the effectiveness of budgetary policy in the system of socio-economic development of the country is stressed. The main indicators of the budget system in the structure of the gross domestic product of Ukraine are described: revenues of the consolidated budget of Ukraine, expenditures of the consolidated budget of Ukraine, state debt. It is noted that the growth of budget expenditures and gross domestic product of the country is achieved through expansion of aggregate demand in the country, additional financial infusions, which have a positive impact on the pace of socio-economic development. It has been found out that use of the mechanism for financing the priorities of public financial policy at the expense of deficit funds allows to increase money supply in the economy of the country and to create preconditions for its involvement in the real sector of the economy. The features of formation of the mechanism of revenues and expenditures of the budget distribution between different levels of the budget system are generalized and systematized. It is stated that the structure of state budget expenditures is also characterized by a predominance of current expenditures over capital. It has been found that stimulating the development of the real sector of the economy is possible by increasing capital investment, deficit financing included. It is noted that the main source of capital investments in the economy of Ukraine at present is enterprises and organizations own funds. It is proved that the reorientation of government debt policy to financing the development of export and high-tech industries of the national economy is significant. Provision has been made for the feasibility of using public-private partnership mechanisms, which will make it possible to align existing budgetary resources with the volume of state guarantees and increase the efficiency of use of public financial resources in general.

Keywords: budgetary policy, budget system, budget regulation, state budget revenues, local budget revenues, public debt, budget deficit, state budget expenditures, expenditures of local budgets

List of references
  1. Borysova, I.S. Teoretychni aspekty vplyvu biudzhetnoho defitsytu na ekonomiku derzhavy [Theoretical aspects of the influence of the budget deficit on the state economy]. Halytskyi ekonomichnyi visnyk – Galician Economic Herald, 2016, № 2, 79-86 [in Ukrainian].
  2. Diuk, A.A. Formuvannia systemy vydatkiv derzhavnoho biudzhetu ta yikh optymizatsiia [Formation of the system of state budget expenditures and their optimization]. Efektyvna ekonomika – Effective economy, 2018, № 3. URL : http://www.economy.nayka.com.ua/?op=1&z=6191 [in Ukrainian].
  3. Kaletnik, H.M., Mazur, A.H., Kubai, O.H. (2011). Derzhavne rehuliuvannia ekonomiky [State regulation of Economy]: navch. posib. Kyiv : Khai-TekPpes. 428 p. [in Ukrainian].
  4. Koliada, T.A. Finansuvannia vydatkiv na ekonomichnu diialnist u konteksti realizatsii suchasnoi biudzhetnoi polityky derzhavy [Financing of expenditures for economic activity in the context of implementation of modern state budget policy]. Ekonomika promyslovosti – Economy of industry, 2014, № 3, Pp. 13-24 [in Ukrainian].
  5. Makohon, V.D. Biudzhetni vydatky systemi sotsialno-ekonomichnoho rozvytku krainy [Budget expenditures for the system of socio-economic development of the country]. Zovnishnia torhivlia : ekonomika, finansy, pravo – Foreign Trade: Economics, Finance, Law, 2016, № 3, 114-124 [in Ukrainian].
  6. Novosolova, O.S. (2014) Heneza derzhavnoho borhu Ukrainy ta vitchyzniani tendentsii borhovoi polityky [The Genesis of Ukraine's State Debt and National Debt Policy Trends]. Naukovyi visnyk Uzhhorodskoho universytetu : Seriia: Ekonomika – Scientific herald of Uzhgorod University: Series: Economics, 2014, vol. 2 (43), pp. 143-147 [in Ukrainian].
  7. Pysmennyi, V.V. (2017) Mizhbiudzhetni transferty yak instrument finansovoho vyrivniuvannia terytorii [Intergovernmental transfers as an instrument of financial equalization of territories]. Ekonomika ta derzhava – Economy and the state, 2017, № 6, pp. 24-30 [in Ukrainian].
  8. Pro zatverdzhennia Instruktsii shchodo zastosuvannia ekonomichnoi klasyfikatsii vydatkiv biudzhetu ta Instruktsii shchodo zastosuvannia klasyfikatsii kredytuvannia biudzhetu [On approval of the Instruction on the application of the economic classification of budget expenditures and Instructions on the application of the classification of budget lending] : Instruktsiia vid 12.03.2012 № 333. URL : http://zakon.rada.gov.ua /laws/show/z0456-12/ed20170404#n403 [in Ukrainian].
  9. Chuhunov, I.Ya., Sobchuk, S.I. Formuvannia biudzhetnoi polityky ekonomichnoho rozvytku krainy [Formation of the budget policy of the country's economic development]. Visnyk KNTEU – KNTEU Bulletin, 2018, № 3, 103-116 [in Ukrainian]
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About journal

Topics of the journal:

051 Economics

071 Accounting and taxation

072 Finance, banking and insurance

073 Management

075 Marketing

076 Business, trade and exchange activities

241 Hotel, restaurant and catering 

281 Public administration

 

Key information:
ISSN (print): 2411-4413
DOI: 10.37128

The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine". 

The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281

(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).

The journal “Economy, finances, management: Topical issues of science and practice” has a Digital Object Identifier (DOI)

The journal “Economy, finances, management: Topical issues of science and practice” is indexed in such database as Index Copernicus Value (https://journals.indexcopernicus.com/search/form)

 

The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.

The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.

 

Objectives of the journal:

  • publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
  • expanding partnerships with international scientific publishing organizations;
  • enhancing the culture of reviewing and annotating published material;
  • adherence to editorial ethics.

 

Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.

The cost of printing one page in professional editions of the university is 60 UAH.

An additional copy of the magazine with the mailing list costs 250 UAH.

Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "

History of journal:

It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.

From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)

The journal is the successor to the edition ”Collection of Scientific Papers of Vinnytsia National Agrarian University. Series: Economic Sciences. "