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

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 1 (63)

Published: 2023.05.12

DOI: 10.37128/2411-4413-2023-1

Description:
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

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FINANCIAL SUPPORT FOR SUSTAINABLE DEVELOPMENT OF THE SOCIETY

DOI: 10.37128/2411-4413-2023-1-7

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LABENKO Oleksandr – Candidate of Economical Sciences, Associate Professor of the Department of Finance, National University of Life and Environmental Sciences of Ukraine (03127, Kyiv, 11, Heroyiv oborony Str., e-mail: labenko@nubip.edu.ua).

Annotation

Today, humanity is at a stage where further development is possible only if economic, environmental and social factors are effectively combined to ensure sustainable development of the society. Their implementation largely depends on the available financial resources. The COVID-19 pandemic and the russian federation’s war against Ukraine have increased the risk of a divergence between the developed and developing countries. The article notes that there are various forms of sustainability, including environmental (biodiversity conservation), economic (achieving a balance between the economic efficiency of enterprises and environmental issues) and social (ensuring social justice). The factors that have led to an increase in the financing gap for sustainable development goals are outlined: a decline in income in developing countries; an increase in public spending in these countries. The impact of the COVID-19 pandemic and the russian-Ukrainian war on the financial development of countries is determined. It is established that in order to achieve the Sustainable Development Goals by 2030, developing countries need additional funding, which can come from four sources: domestic public resources (or revenues), international public resources, domestic private resources or international private resources. Sources of external financing include international trade, foreign direct investment and other private flows (from businesses and individuals), international financial and technical cooperation, and external debt. One of the priority domestic sources of financing is tax revenues. Combating tax evasion and illicit financial flows is also important. Factors to facilitate the strategic planning and financing for sustainable development at the national and regional levels in Ukraine include: developing an integrated national financial system; conducting a rapid integrated assessment of the inclusion of sustainable development goals in national and subnational planning; reviewing of all current methods of financing sustainable development; and assessing the system of budgeting for sustainable development. The paper also reflects the key points of the EBA's research on sustainable development in Ukraine.

Keywords: sustainable development, sustainable development financing, financial support, finance, sustainable development goals, developed countries, developing countries

List of references

1. Financing for sustainable development at a tipping point. oecd-ilibrary.org. Retrieved from: https://www.oecd-ilibrary.org/sites/fcbe6ce9-en/1/3/2/index.html? itemId=/content/publication/fcbe6ce9-en&_csp_=324f5278c3cd15483ec0c51666af 7400&itemIGO=oecd&itemContentType=book#section-d1e7988 [in English].

2. Financing for Sustainable Development Framework. dwgg20.org. Retrieved from: https://dwgg20.org/app/uploads/2021/09/Financing-Sustainable-Development-Framework.pdf [in English].

3. Financing sustainable development. international-partnerships.ec.europa.eu. Retrieved from: https://international-partnerships.ec.europa.eu/policies/sustainable-growth-and-jobs/financing-sustainable-development_en [in English].

4. Funding the achievement of the SDGs in Ukraine: four key factors for success. (2023). jointsdgfund.org. Retrieved from: https://www.jointsdgfund.org/article/funding-achievement-sdgs-ukraine-four-key-factors-success [in English].

5. Global Outlook on Financing for Sustainable Development 2023: No Sustainability Without Equity. oecd-ilibrary.org. Retrieved from: https://www.oecd-ilibrary.org/sites/fcbe6ce9-en/index.html?itemId=/content/publication/fcbe6ce9-en.

6. Haldenwang, C., & Laudage, S. (2019). Financing for Development and Domestic Revenue Mobilisation: More International Reforms Are Needed. Briefing Paper, 13. Retrieved from: https://www.idos-research.de/uploads/media/BP_13.2019.pdf. DOI:https://doi.org/10.23661/bp13.2019 [in English].

7. Kang, X., Wang, M., Lin, J. et al. (2022). Trends and status in resources security, ecological stability, and sustainable development research: a systematic analysis. Environmental Science and Pollution Research, 29, 50192–50207. DOI: https://doi.org/10.1007/s11356-022-19412-7 [in English].

8. Parra, S.N., Pezzini, M., & Stead, J. (2020). Mind the SDG gap: don’t forget sustainable domestic financing. oecd-development-matters.org. Retrieved from: https://oecd-development-matters.org/2020/03/04/mind-the-sdg-gap-dont-forget-sustainable-domestic-financing/ [in English].

9. Robust and predictable sources of financing for sustainable development. sdgpulse.unctad.org. Retrieved from: https://sdgpulse.unctad.org/financing-development/ [in English].

10. UN 2023 Financing for Sustainable Development Report. donorplatform.org. Retrieved from: https://www.donorplatform.org/publications/ financing-for-sustainable-development-report-2023/ [in English].

11. What is sustainability? Definition, types and examples. (2022). becas-santander.com. Retrieved from: https://www.becas-santander.com/en/blog/what-is-sustainability.html [in English].

12. What is sustainable development? bmuv.de. Retrieved from: https://www.bmuv.de/en/topics/sustainability-digitalisation/sustainability/what-is-sustainable-development [in English].

13. Indeks staloho rozvytku 2022 [Index of sustainable development 2022]. eba.com.ua. Retrieved from: https://eba.com.ua/wp-content/uploads/2023/01/Sustainability-Index-2022-short-version-for-December-29.pdf [in Ukrainian].

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

History of the journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).