Introduction. Modern transformations of economic processes, taking place on the basis of intensive globalization and the need for stable development of socially oriented market economy, and hence, providing economic growth in Ukraine, require a comprehensive study of the functioning of fiscal space to ensure its effective evolution. By forming an appropriate resource base, provided it is used rationally and there exist civilized legal relations, the government of the country can create and implement effective instruments of state regulation, as well as influence the relevant processes within the society as well as provide optimal conditions for its development and self-improvement.

The purpose of the article is to comprehensively study and substantiate the interaction of the components of the fiscal space of the state to ensure the effectiveness of their interaction in the future.

Results. The article examines the peculiarities of the interaction of components of the fiscal space of Ukraine, a detailed analysis of factors influencing the formation and functioning of the fiscal environment has been carried out and the correlative dependence between the main items of revenues and expenditures of the State Budget of Ukraine in 2007-2020 has been determined. Based on the analysis, the existence of four components of the fiscal space has been identified and substantiated: political, economic, social and financial, in the context of their interaction and improvement.

Conclusions. The functioning and interdependent influence of the components of the fiscal space of the state are interconnected by a number of factors that affect social development systematically though in a different manner. The dominant concept of this process is the detailing and thorough examination of these components for their interaction and mutual influence in the overall system of functioning and further evolution. The dominant concept of this process is detailing and thorough examination of these components for their interaction and mutual influence in the overall system of functioning and further evolution. Obviously, the key factor of such interaction of any of the presented spheres (political, economic, social, financial) is nothing but resource provision, which is not always regulated by fiscal methods (customs and tax instruments, preferences or other incentives, etc.), but is nevertheless provided by a proficiently arranged system of social-state communications, with the understanding that any touch points following the “state-society” model arise in the plane of the sphere of service provision. Therefore, an important aspect in this context is the issue of restoring social trust towards public authorities: legislative, executive and judicial, as well as providing quality parity conditions for the organization of co-functioning, cooperation, communication and provision of relevant services to citizens.

Ключові слова

fiscal theory, fiscal space, asymmetries of fiscal space, fiscal policy, optimal tax system

Повний текст:



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