The Budget Deficit in the System of the Financial and Credit Development of Economy

Scientific approaches to the role, influence and peculiarities of usage of budget deficit as an instrument for ensuring social development both in Ukraine and in the EU countries have been disclosed. Influence of certain types of budget deficit on the economic system has been explained and expedienc...

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Main Author: Kucher Galyna V.
Format: Article
Language:English
Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2017-11-01
Series:Bìznes Inform
Subjects:
Online Access:http://www.business-inform.net/export_pdf/business-inform-2017-11_0-pages-335_340.pdf
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author Kucher Galyna V.
author_facet Kucher Galyna V.
author_sort Kucher Galyna V.
collection DOAJ
description Scientific approaches to the role, influence and peculiarities of usage of budget deficit as an instrument for ensuring social development both in Ukraine and in the EU countries have been disclosed. Influence of certain types of budget deficit on the economic system has been explained and expediency of considering the fluctuations of exchange rate, along with conditions of attraction of credit resources for definition of the operational budget deficit, has been substantiated. The practical results include the analysis of budget deficit indicators in Ukraine and in the EU countries, as well as the factors that determined their change. Both the national and the international experience, cyclical economic development, crisis events in the economy have demonstrated that the budget deficit is an important instrument of financial policy. Its usage helps to reduce the negative impact and to ensure a way out of the economic crisis. The budget deficit is an effective lever for macroeconomic management, which should be actively used to accelerate economic growth in the developing countries in the context of globalization.
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spelling doaj.art-ebcd2b1dfdc24b0fb943750c49d8934b2022-12-22T00:13:49ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2017-11-0111478335340The Budget Deficit in the System of the Financial and Credit Development of EconomyKucher Galyna V. 0Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, Kyiv National University of Trade and Economics Scientific approaches to the role, influence and peculiarities of usage of budget deficit as an instrument for ensuring social development both in Ukraine and in the EU countries have been disclosed. Influence of certain types of budget deficit on the economic system has been explained and expediency of considering the fluctuations of exchange rate, along with conditions of attraction of credit resources for definition of the operational budget deficit, has been substantiated. The practical results include the analysis of budget deficit indicators in Ukraine and in the EU countries, as well as the factors that determined their change. Both the national and the international experience, cyclical economic development, crisis events in the economy have demonstrated that the budget deficit is an important instrument of financial policy. Its usage helps to reduce the negative impact and to ensure a way out of the economic crisis. The budget deficit is an effective lever for macroeconomic management, which should be actively used to accelerate economic growth in the developing countries in the context of globalization.http://www.business-inform.net/export_pdf/business-inform-2017-11_0-pages-335_340.pdfbudgetbudget deficitbudgetary financingthe State creditfinancing of economic developmentthe EU Member States
spellingShingle Kucher Galyna V.
The Budget Deficit in the System of the Financial and Credit Development of Economy
Bìznes Inform
budget
budget deficit
budgetary financing
the State credit
financing of economic development
the EU Member States
title The Budget Deficit in the System of the Financial and Credit Development of Economy
title_full The Budget Deficit in the System of the Financial and Credit Development of Economy
title_fullStr The Budget Deficit in the System of the Financial and Credit Development of Economy
title_full_unstemmed The Budget Deficit in the System of the Financial and Credit Development of Economy
title_short The Budget Deficit in the System of the Financial and Credit Development of Economy
title_sort budget deficit in the system of the financial and credit development of economy
topic budget
budget deficit
budgetary financing
the State credit
financing of economic development
the EU Member States
url http://www.business-inform.net/export_pdf/business-inform-2017-11_0-pages-335_340.pdf
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