The State Fiscal Policy: Determinants and Optimization of Financial Flows
The article outlines the determinants of the state fiscal policy at the present stage of global transformations. Using the principles of financial science it is determined that regulation of financial flows within the fiscal sphere, namely centralization and redistribution of the GDP, which results...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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PH "INZHEK"
2017-03-01
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| Series: | Problemi Ekonomiki |
| Subjects: | |
| Online Access: | http://www.problecon.com/export_pdf/problems-of-economy-2017-1_0-pages-128_132.pdf |
| _version_ | 1797330521650364416 |
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| author | Sitash Tetiana D. Nagaichuk Viktoriia V. |
| author_facet | Sitash Tetiana D. Nagaichuk Viktoriia V. |
| author_sort | Sitash Tetiana D. |
| collection | DOAJ |
| description | The article outlines the determinants of the state fiscal policy at the present stage of global transformations. Using the principles of financial science it is determined that regulation of financial flows within the fiscal sphere, namely centralization and redistribution of the GDP, which results in the regulation of the financial capacity of economic agents, is of importance. It is emphasized that the urgent measure for improving the tax model is re-considering the provision of fiscal incentives, which are used to stimulate the accumulation of capital, investment activity, innovation, increase of the competitiveness of national products, expansion of exports, increase of the level of the population employment. The necessity of applying the instruments of fiscal regulation of financial flows, which should take place on the basis of institutional economics emphasizing the analysis of institutional changes, the evolution of institutions and their impact on the behavior of participants of economic relations. At the same time it is determined that the maximum effect of fiscal regulation of financial flows is ensured when application of fiscal instruments is aimed not only at achieving the target values of parameters of financial flows but at overcoming institutional deformations as well. It is determined that the optimal movement of financial flows enables creating favorable conditions for development and maintenance of financial balance in the society and achievement of the necessary level of competitiveness of the national economy. |
| first_indexed | 2024-03-08T07:21:58Z |
| format | Article |
| id | doaj.art-0d8f3ac99b6941beabfefdcaf01f7d11 |
| institution | Directory Open Access Journal |
| issn | 2222-0712 2311-1186 |
| language | English |
| last_indexed | 2024-03-08T07:21:58Z |
| publishDate | 2017-03-01 |
| publisher | PH "INZHEK" |
| record_format | Article |
| series | Problemi Ekonomiki |
| spelling | doaj.art-0d8f3ac99b6941beabfefdcaf01f7d112024-02-02T23:07:08ZengPH "INZHEK"Problemi Ekonomiki2222-07122311-11862017-03-011128132The State Fiscal Policy: Determinants and Optimization of Financial FlowsSitash Tetiana D.0Nagaichuk Viktoriia V.1Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics and Management, Vinnytsia Institute of Economics and Social Sciences of the University «Ukraine»Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance and Credit, Vinnitsa Educational and Research Institute of Economy of the Ternopil National Economic UniversityThe article outlines the determinants of the state fiscal policy at the present stage of global transformations. Using the principles of financial science it is determined that regulation of financial flows within the fiscal sphere, namely centralization and redistribution of the GDP, which results in the regulation of the financial capacity of economic agents, is of importance. It is emphasized that the urgent measure for improving the tax model is re-considering the provision of fiscal incentives, which are used to stimulate the accumulation of capital, investment activity, innovation, increase of the competitiveness of national products, expansion of exports, increase of the level of the population employment. The necessity of applying the instruments of fiscal regulation of financial flows, which should take place on the basis of institutional economics emphasizing the analysis of institutional changes, the evolution of institutions and their impact on the behavior of participants of economic relations. At the same time it is determined that the maximum effect of fiscal regulation of financial flows is ensured when application of fiscal instruments is aimed not only at achieving the target values of parameters of financial flows but at overcoming institutional deformations as well. It is determined that the optimal movement of financial flows enables creating favorable conditions for development and maintenance of financial balance in the society and achievement of the necessary level of competitiveness of the national economy.http://www.problecon.com/export_pdf/problems-of-economy-2017-1_0-pages-128_132.pdfstate fiscal policyfinancial flowsfiscal management |
| spellingShingle | Sitash Tetiana D. Nagaichuk Viktoriia V. The State Fiscal Policy: Determinants and Optimization of Financial Flows Problemi Ekonomiki state fiscal policy financial flows fiscal management |
| title | The State Fiscal Policy: Determinants and Optimization of Financial Flows |
| title_full | The State Fiscal Policy: Determinants and Optimization of Financial Flows |
| title_fullStr | The State Fiscal Policy: Determinants and Optimization of Financial Flows |
| title_full_unstemmed | The State Fiscal Policy: Determinants and Optimization of Financial Flows |
| title_short | The State Fiscal Policy: Determinants and Optimization of Financial Flows |
| title_sort | state fiscal policy determinants and optimization of financial flows |
| topic | state fiscal policy financial flows fiscal management |
| url | http://www.problecon.com/export_pdf/problems-of-economy-2017-1_0-pages-128_132.pdf |
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