FINANCE. TAXES. CREDIT УДК 336.143: 336.27 JEL: 1Scientific and Research Financial Institute of the Academy of Financial Management, Research ID : http://www.researcherid.com/rid/https://scholar.google.com.ua/citations?user=vzk_3BQAAAAJ&hl=uk MANAGEMENT OF FINANCING THE STATE BUDGET OF UKRAINE The content of financing the state budget and its role in the management of public finances is determined. It is emphasized that the management of budget financing is aimed at introducing changes in the indicators of expenditures and revenues that are attracted to cover them, as well as individual components of their structure. The dynamics of financing indicators of the state budget of Ukraine during the last years is analyzed, in particular, changes in expenditures and revenues made within the framework of budget financing. It is concluded that the main attention in the management of budget financing was given to the issues of repayment of loans, covering the costs of active operations, providing expenditures that are not covered by income (which requires deficit budgeting). It is noted that in most cases, deficit financing was not a decisive factor in financing the budget, inferior to debt repayment operations and, in certain periods, active operations. Based on the analysis of the management of the components of revenues (within the framework of financing the state budget of Ukraine), it is concluded that its overwhelming share was secured by government borrowing and that plans for attracting non-debt resources were not fulfilled. The result of such decisions was an increase in government debt and a change in its structure. External and internal components of government debt are analyzed and the risks of managing budget operations related to such changes are outlined. High risks associated with internal borrowing and the need to address them when managing budget financing are emphasized. Measures to improve the management of financing of the state budget of Ukraine are proposed. Keywords:budget financing; deficiency of the state budget; active operations; government borrowing; debt service; state debt; privatization proceeds; fiscal rules; transparency of budget operations.
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