THEORETICAL AND ORGANIZATIONAL FUNDAMENTALS OF THE FUNCTIONING OF THE REGIONAL FISCAL SPACE
Анотація
Introduction. The functioning of the regional fiscal space is conditioned by the need to make management decisions regarding the formation of budgetary resources at the local level and the modernization of the regional economy, the implementation of structural reforms in the social sphere, and the formation of strategic goals for the development of regions. In Ukraine, tax revenues are of dominant importance in ensuring the filling of the revenue part of both the state budget and local budgets, since two-thirds of their revenues are formed due to them. The problems facing the state in conditions of limited financial resources, in order to ensure activities and stimulate the economic development of the regions, require the search for reserves and opportunities to release the funds involved and ensure financing of priority areas.
The purpose of the article is to theoreticaly substantiate the essence and to definite the features of the regional fiscal space formation of Ukraine.
Results. As a result of the study, it is substantiated that the functioning of the regional fiscal space is an important basis for ensuring the flexibility of the fiscal policy. The effective functioning of the fiscal space for the economic development of Ukraine has one of the decisive values, because it covers all instruments of fiscal policy, the budget, development of economic development programs, investment of the economy, support of the social sphere.
Conclusions. Summarizing the views of scientists regarding the interpretation of the economic essence of the definition of "fiscal space", we believe that fiscal space is financial relations that arise as a result of the interactions of individuals, legal entities and their groups with the state or state institutions regarding the distribution, redistribution and use of financial resources at the state level regarding the management of revenues, expenditures and debt obligations of the state.
Ключові слова
Повний текст:
>PDF
Посилання
Armey, D. (1995). The freedom revolution. Regnery Publishing Co., Washington, D.C.
Barro, R., Sala-i-Martin, X. (1995). Economic growth. NY: McGraw-Hill.
Brecht, A. (1932). Internationaler Vergleich der öffentlichen Ausgaben. Leipzig.
Tanzi, V. (1997). The changing role of state in the economy: a historical perspective. IMF Working Paper, WP/97/114, 15–23.
Landau, D. (1986). Government and economic growth in the less developed countries: an empirical study for 1960–1980. Economic Development and Cultural Change, 35 (1), 35–75.
Niskanen, W.A. (1975). Bureaucrats and politicians. Journal of Law and Economics. University of Chicago Press, 18(3), 617–643.
Samuelson, P. A., Nordgauz, V. D. (1995). Makroekonomika [Macroeconomics]. Kyiv: Osnovy [in Ukrainian].
Stiglicz, Dzh. E. (1998). Ekonomika derzhavnogo sektora [Public sector economy]. Kyiv: Osnovy [in Ukrainian].
Heller, P. (2005). Understanding fiscal space. IMF – Policy Discussion Paper. PDP/05/4.
Krysovatyi, A., (Ed.). Sydorovych, O. (2016). Teoretyko-metodolohichni pidkhody piznannia ta kontseptualizatsiia sutnosti fiskalnoho prostoru. Fiskalnyi prostir staloho sotsialno-ekonomichnoho rozvytku derzhavy [Theoretical and methodological approaches to cognition and conceptualization of the essence of the fiscal space. The fiscal space of sustainable socio-economic development of the state]. Ternopil: TNEU [in Ukrainian].
Pavlov, V. I., Pavlikha, N. V. (2007). Kontseptualni zasady upravlinnia stalym prostorovym rozvytkom [Conceptual principles of management of sustainable spatial development]. Visnyk ekonomichnoi nauky Ukrainy – Bulletin of Economic Science of Ukraine, 1(11), 119–124 [in Ukrainian].
Pavlikha, N. V., Tsymbaliuk, I. O. (2020). Naukovyi bazys formuvannia teorii inkliuzyvnoho rozvytku rehionu [The scientific basis of the formation of the theory of inclusive development of the region]. Ekonomichnyi chasopys Skhidnoievropeiskoho natsionalnoho universytetu imeni Lesi Ukrainky – Economic Journal of Lesya Ukrainka East European National University, 3(23), 136–142 [in Ukrainian].
Zatonatska, T. H., Tkachenko, O. Ye. (2016). Teoretychna sutnist ta osoblyvosti formuvannia fiskalnoho prostoru [Theoretical essence and features of the formation of fiscal space]. Naukovi zapysky Natsionalnoho universytetu “Ostrozka akademiia”. Ekonomika – Scientific notes of the National University “Ostroh Academy”. Economics, 3(31), 119–125 [in Ukrainian].
Kuzkin, Ye. Yu. (2018). Formuvannia fiskalnoho prostoru mistsevoho samovriaduvannia v umovakh detsentralizatsii derzhavnykh finansiv [Formation of the fiscal space of local self-government in conditions of decentralization of state finances]. Problemy ekonomiky – Problems of Economy, 2, 328–334. Available at: http://nbuv.gov.ua/UJRN/Pekon_2018_2_44.
Pro zasady derzhavnoi rehionalnoi polityky. Zakon Ukrayiny vid 27.07.2022 № 156-VIII [On the Principles of State Regional Policy. Law of Ukraine]. (2022, July, 27). Available at: https://zakon.rada.gov.ua/laws/show/156-19#Text.
The World Bank: Fiscal Policy. Available at: https://www.worldbank.org/en/topic/poverty/lacequity-lab1/fiscal.
DOI: https://doi.org/10.35774/sf2022.04.102
Посилання
- Поки немає зовнішніх посилань.
West Ukrainian National University