CURRENT ISSUES OF PUBLIC FINANCE MANAGEMENT IN UKRAINE
Abstract. The article describes the approaches to defining the essence of understanding «public finance» and «public finance management» in the context of administrative and financial decentralization. A study on the current state of economic development of Ukraine is carried and the public financi...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
FINTECH Alliance LLC
2021-11-01
|
| Series: | Фінансово-кредитна діяльність: проблеми теорії та практики |
| Subjects: | |
| Online Access: | https://fkd.net.ua/index.php/fkd/article/view/3484 |
| _version_ | 1797726138330513408 |
|---|---|
| author | V. Marhasova I. Ruzhytskyi N. Tkalenko T. Shestakovska O. Mykhailovska |
| author_facet | V. Marhasova I. Ruzhytskyi N. Tkalenko T. Shestakovska O. Mykhailovska |
| author_sort | V. Marhasova |
| collection | DOAJ |
| description |
Abstract. The article describes the approaches to defining the essence of understanding «public finance» and «public finance management» in the context of administrative and financial decentralization. A study on the current state of economic development of Ukraine is carried and the public financial management system is analyzed. The dynamics of the ratio of revenues and expenditures of the State and local budgets is shown and the national and subnational levels in the financing of public expenditures are described. The sequence of achieving a new level of welfare of the population is presented and the ways of state influence on local economic development are outlined. The content of the state’s activity on financial resources management and public importance of finances is given. Particular attention is paid to the financial capacity of UTC and the existing positive developments within the decentralization reform in Ukraine. The need to improve the management of public finances was emphasized, as it was evidenced by the size of the budget deficit. The division of budget expenditures by functional classification between the national and subnational levels is presented and the decline of financial independence of subnational budgets is witnessed. An assessment of the level of confidence in financial asset management services of territorial communities based on the calculation of the relevant index is made, and the relationship between the selected indicators (the monetary expenditures of the population; deposits of individuals in investment funds; population savings; volume of capital investments; volume of investments in Ukraine; assets of investment funds) and the level of public confidence in the management of UTC financial assets is researched.
Keywords: financial management, public finance, financial capacity of territorial communities, financial assets.
JEL Classification H70, H89, R59, Q01
Formulas: 1; fig.: 5; tabl.: 3; bibl.: 20.
|
| first_indexed | 2024-03-12T10:41:26Z |
| format | Article |
| id | doaj.art-2bb737c2b2cf4bf6aa6b1b17edf487bd |
| institution | Directory Open Access Journal |
| issn | 2306-4994 2310-8770 |
| language | English |
| last_indexed | 2024-03-12T10:41:26Z |
| publishDate | 2021-11-01 |
| publisher | FINTECH Alliance LLC |
| record_format | Article |
| series | Фінансово-кредитна діяльність: проблеми теорії та практики |
| spelling | doaj.art-2bb737c2b2cf4bf6aa6b1b17edf487bd2023-09-02T08:07:06ZengFINTECH Alliance LLCФінансово-кредитна діяльність: проблеми теорії та практики2306-49942310-87702021-11-0154010.18371/fcaptp.v5i40.244915CURRENT ISSUES OF PUBLIC FINANCE MANAGEMENT IN UKRAINEV. Marhasova 0I. Ruzhytskyi1N. Tkalenko 2T. Shestakovska 3O. Mykhailovska 4Chernihiv Polytechnic National UniversityChernihiv Polytechnic National UniversityChernihiv Polytechnic National UniversityChernihiv Polytechnic National UniversityChernihiv Polytechnic National University Abstract. The article describes the approaches to defining the essence of understanding «public finance» and «public finance management» in the context of administrative and financial decentralization. A study on the current state of economic development of Ukraine is carried and the public financial management system is analyzed. The dynamics of the ratio of revenues and expenditures of the State and local budgets is shown and the national and subnational levels in the financing of public expenditures are described. The sequence of achieving a new level of welfare of the population is presented and the ways of state influence on local economic development are outlined. The content of the state’s activity on financial resources management and public importance of finances is given. Particular attention is paid to the financial capacity of UTC and the existing positive developments within the decentralization reform in Ukraine. The need to improve the management of public finances was emphasized, as it was evidenced by the size of the budget deficit. The division of budget expenditures by functional classification between the national and subnational levels is presented and the decline of financial independence of subnational budgets is witnessed. An assessment of the level of confidence in financial asset management services of territorial communities based on the calculation of the relevant index is made, and the relationship between the selected indicators (the monetary expenditures of the population; deposits of individuals in investment funds; population savings; volume of capital investments; volume of investments in Ukraine; assets of investment funds) and the level of public confidence in the management of UTC financial assets is researched. Keywords: financial management, public finance, financial capacity of territorial communities, financial assets. JEL Classification H70, H89, R59, Q01 Formulas: 1; fig.: 5; tabl.: 3; bibl.: 20. https://fkd.net.ua/index.php/fkd/article/view/3484financial managementpublic financefinancial capacity of territorial communitiesfinancial assets |
| spellingShingle | V. Marhasova I. Ruzhytskyi N. Tkalenko T. Shestakovska O. Mykhailovska CURRENT ISSUES OF PUBLIC FINANCE MANAGEMENT IN UKRAINE Фінансово-кредитна діяльність: проблеми теорії та практики financial management public finance financial capacity of territorial communities financial assets |
| title | CURRENT ISSUES OF PUBLIC FINANCE MANAGEMENT IN UKRAINE |
| title_full | CURRENT ISSUES OF PUBLIC FINANCE MANAGEMENT IN UKRAINE |
| title_fullStr | CURRENT ISSUES OF PUBLIC FINANCE MANAGEMENT IN UKRAINE |
| title_full_unstemmed | CURRENT ISSUES OF PUBLIC FINANCE MANAGEMENT IN UKRAINE |
| title_short | CURRENT ISSUES OF PUBLIC FINANCE MANAGEMENT IN UKRAINE |
| title_sort | current issues of public finance management in ukraine |
| topic | financial management public finance financial capacity of territorial communities financial assets |
| url | https://fkd.net.ua/index.php/fkd/article/view/3484 |
| work_keys_str_mv | AT vmarhasova currentissuesofpublicfinancemanagementinukraine AT iruzhytskyi currentissuesofpublicfinancemanagementinukraine AT ntkalenko currentissuesofpublicfinancemanagementinukraine AT tshestakovska currentissuesofpublicfinancemanagementinukraine AT omykhailovska currentissuesofpublicfinancemanagementinukraine |