The Governmental Policy of Budget Balancing in Ukraine

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Authors

KRUSH Petro MASTIUK Dmytro VALOUCH Petr

Year of publication 2017
Type Article in Proceedings
Conference Proceedings of the 14th International Scientific Conference Part 1
MU Faculty or unit

Faculty of Economics and Administration

Citation
Field Economy
Keywords Budget; state finance; state policy; Budget deficit; state debt
Description The main aim of the paper is to identify distinctive features of the state Budget balancing policy realization, to define the internal and external factors that influence the State’s Finance and to determine sources of the supplement and balancing of the Ukrainian State Budget. As the result, the paper provides crucial contradictions of the state policy implementation of the State Budget balancing in Ukraine. In the article, we group main influential factors, depends on the nature of the influence (external and internal), that define the negative state and misbalance the Ukrainian Budget. Herein, we offer the scientific approach for Ukrainian Budget’s replenishment and balancing with main accent on activation of the internally related financial potential sources. Introduced approach will ensure the equalization of the expenditures and income, which will set up the basis for a long-term stable growth and resolving of the socio-economic issues. The results of the research are very important and can be applied for the anti-crisis plan development in order to ensure the additional incomes to the State Budget using the potential financial sources accumulation, as the basis for effective long-term execution of the Ukrainian state policy of the Budget Balancing.
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