BUDGET EXPENDITURES IN THE SYSTEM OF SOCIO-ECONOMIC DEVELOPMENT OF THE COUNTRY
FREE FULL TEXT (PDF)
DOI: http://doi.org/10.31617/visnik.knute.2019(124)07
CHUGUNOV Igor,
Doctor of Economic Sciences, Professor, Head of the Department of Finance,
Kyiv National University of Trade and Economics
Kyoto str., 19, Kyiv, 02156, Ukraine
E-mail: Ця електронна адреса захищена від спам-ботів. вам потрібно увімкнути JavaScript, щоб побачити її.
ORCID: https://orcid.org/0000-0003-4915-1267
SAMOSHKINA Olga,
Candidate of Economic Sciences (Ph. D.), Senior Researcher, Scientific Research Financial Institute,
Kyiv National University of Trade and Economics
Kyoto str., 19, Kyiv, 02156, Ukraine
E-mail: Ця електронна адреса захищена від спам-ботів. вам потрібно увімкнути JavaScript, щоб побачити її.
ORCID: https://orcid.org/0000-0002-1399-0299
BUDGET EXPENDITURES IN THE SYSTEM OF SOCIO-ECONOMIC DEVELOPMENT OF THE COUNTRY
Background. At the modern stage of development of public relations is important to further development of the formation of budget expenditures directly enhancing their use of regulatory capacity, improve rational allocation of budgetary resources between the areas of public development considering its priorities and cyclical economic, social and demographic processes. Need to deepen the research question long-term forecasting of budget expenditures, principles of annual and medium-term planning of budget expenditures based on program-target budgeting and taking into account the dynamics of demographic development.The aim of the article is to reveal the theoretical foundations and improve the methodological principles of the formation of budget expenditures in the system of state regulation of socio-economic development of the country.
Materials and methods. Theoretical and methodological basis of the research consisted of scientific works of domestic and foreign scientists on the formation of budget expenditures, as well as legal acts on state policy in the field of budget expenditures. In the process of research, a set of scientific methods and approaches, including systemic, structural-functional, generalization, analysis and synthesis, factor and comparative analysis, have been used.
Results. The essence of budget expenditures as an instrument of regulation of social and economic development of the country is revealed. The structural-functional model of the system of budgetary regulation in the field of expenditures, the institutional principles of forming budget expenditures in the system of state strategic planning is substantiated. The directions of improvement of the system of perspective forecasting and planning of the budget expenditure are determined. Methodological approaches to evaluating the effectiveness of budget programs and activities of budget funds managers have been improved.
Conclusion. The development of social relations requires of increased use of budget expenditures as an instrument of regulation of socio-economic development of the country, which involves the formation of indicators of the volume and structure of the expenditure part, taking into account their impact on the dynamics of economic, social and demographic processes, taking into account their cyclicality, priorities of social development and effecttiveness budgetary activity. The system of budgetary regulation in the field of expenditures can be reproduced by a structural-functional model, which is based on the provisions of adaptive budget architectonics and provides for regulation of the volume and structure of the expenditure part of the budget, budget deficit, interbudgetaryrelations taking into account the dynamics of economic and socio-demographic processes, budget revenues, public debt. Strengthening the relationship between the strategic goals of the country’s development and the effectiveness of public administration needs to improve the system of perspective forecasting and planning of budget expenditures in the following areas: introduction of long-term forecasting of the expenditure part of the budget; streamlining the medium and annualplanning of budget expenditures in accordance with a defined long-term budget strategy based on the principle of sliding planning.
Keywords: budget expenditures, budget program, budget funds manager, budget effectiveness, budget regulation, budget forecasting, budget strategy, budget planning, socio-economic developmentof the country.
REFERENCES
1. Boholib, T. M. (2017). Byudzhet dlya hromadyan yak priorytet derzhavnoyi byudzhetnoyi polityky [Budget for citizens as a priority of state budget policy]. Ekonomichnyy visnyk universytetu – Economic Herald of the University. (Is. 33(1), (pp. 274-284) [in Ukrainian].
2. Byudzhetna skladova realizatsiyi dominantnykh napryamiv suspil’noho rozvytku. [Budget component of realization of dominant directions of social development].(2015). L. V. Lysyak (Ed.). Dnipropetrovs’k: DDFA [in Ukrainian].
3. Chuhunov, I. Y., Pavelko, A. V., Kanyeva, T. V. et.al. (2015). Derzhavne finansove rehulyuvannya ekonomichnykh peretvoren’ [State financial regulation of economic transformations]. A. A. Mazaraki (Ed.). Kyiv: Kyiv. nats. torh.-ekon. un-t [in Ukrainian].
4. Kejns, Dzh. M. (2017). Obshhaya teory’ya zanyatosty’, procenta y’ deneg [The general theory of employment, interest and money]. (Trans.). Moscow: Ly’brokom[in Russian].
5. Luk’yanenko, I., & Sydorovych, M. (2014). Byudzhetno-podatkova polityka Ukrayiny: novi vyklyky [Budget and tax policy of Ukraine: new challenges]. Kyiv: NaUKMA.
6. Rozvytok derzhavnykh finansiv Ukrayiny v umovakh hlobalizatsiyi [Development of publicfinances of Ukraine in the conditions of globalization]. (2014). I.O. Lunina (Ed.). Kyiv: In-t ekon. ta prohnozuv. NAN Ukrayiny.
7. Samuél’son, Pol É., & Nordkhaus, Vyl’yam D. (2015). Ékonomyka [Economics]. 19nd ed. (Trans.). Moscow:Vyl’yams [in Russian].
8. Speranskyy, M. M. (2015). O korennykh zakonakh hosudarstva [On the indigenous laws of the state]. Moscow:Éksmo [in Russian].
9. Sty’gly’cz, Dzh. (2016). Cena neravenstva. Chem rassloeny’e obshhestva grozy’t nashemu budushhemu [The price of inequality. How does the stratification of society threaten our future]. (Trans.). Moscow:Éksmo [in Russian].
10. Tancy,’ Vy’to. (2018). Pravy’tel’stvo y’ rynky’: menyayushhayasya ekonomy’cheskaya rol’ gosudarstva [Government and markets: the changing economic role of the state]. (Trans.). Moscow: Y’zd-vo Y’nsty’tuta Gajdara [in Russian].
11. Finansy [Finances]. (2017). I. O. Lyutyj (Ed.). Kyiv: Lira-K [in Ukrainian].
12. Chuhunov, I. Y. (2014). Byudzhetni vidnosyny v systemi sotsial’no-ekonomichnoho rozvytku krayiny [Budget relations in the system of socio-economic development of the country]. Kazna Ukrayinu–Treasury of Ukraine, 6, 25-28 [in Ukrainian].
13. Chuhunov, I. Y., & Makohon, V. D. (2018). Byudzhetna stratehiya v umovakh ekonomichnykh peretvoren’ [Budget strategy in the context of economic transformations]. Visnyk Kyiv. nats. torh.-ekon. un-tu – Herald of the Kyiv National University of Trade and Economics, 5, 5-18 [in Ukrainian].
14. Zakon Ukrayiny "Pro vnesennya zmin do Byudzhetnoho kodeksu Ukrayiny shchodo zaprovadzhennya seredn’ostrokovoho byudzhetnoho planuvannya" vid 06.12.2018 № 8044 [Law of Ukraine "On Amendments to the Budget Code of Ukraine on the Introduction of Medium-Term Budget Planning" from 06.12.2018 № 8044]. Retrieved from http://zakon.rada.gov.ua/laws/show [in Ukrainian].
15. Rozporyadzhennya Kabinetu Ministriv Ukrayiny "Pro skhvalennya Stratehiyi reformuvannya systemy upravlinnya derzhavnymy finansamy na 2017-2020 rr." vid 08.02.2017 №142-r [Order of the Cabinet of Ministers of Ukraine "On Approving the Strategy for Reforming the Public Finances Management System for 2017-2020"] from 08.02.2017 № 142-r. Retrieved from http://zakon.rada.gov.ua/laws/show/142-2017-r [in Ukrainian].
16. Postanova Kabinetu Ministriv Ukrayiny "Pro provedennya ohlyadu vydatkiv byudzhetu v okremykh sferakh" vid 21.02.2018 № 101 [Resolution of the Cabinet of Ministers of Ukraine "On the Review of Budget Expenditures in Certain Spheres" from 21.02.2018 № 101]. Retrieved from http://zakon.rada.gov.ua/laws/show [in Ukrainian].