FINANCE. TAXES. CREDIT УДК 336.1: 339.7 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 CONCEPTUAL FRAMEWORK FOR DEVELOPING A PACKAGE OF FISCAL RULES FOR UKRAINE Fiscal rules relate to one of the leading public finance management mechanisms, which is in the process of modernization. The use of the fiscal rules is of great importance in most countries and aims at increasing the fiscal responsibility of governments, strengthening the control of fiscal policy by independent institutions, as well as supranational bodies, and increasing transparency of budget operations. The author concludes that in order to improve the quality of fiscal policy, Ukraine needs to introduce fiscal rules, which should take into account the experience of foreign countries and the features of the development of our country. A number of strategic documents adopted in Ukraine are aimed at applying the fiscal rules, but their implementation is hampered. It is recognized as necessary to expand and clarify the domestic fiscal rules (taking into account the experience of their updating in the EU and the peculiarities of public finance management in Ukraine). Fiscal rules should be transformed into working ones by establishing the procedure for practical application, regulating the powers and obligations of participants in their implementation, and approving the implementation procedures in budgetary processes. Keywords:fiscal rules; fiscal policy; management of public finances; fiscal responsibility; transparency of budget operations; implementation of fiscal rules Бібл. 10; рис. 1; табл. 4.
1. Kudrjashov V.P. Upravlinnyabyudzhetnymyoperatsiyamy z urakhuvannyamfiskal'nykhpravyl [Management of budget operations according to fiscal rules]. FinansyUkrainy - Finance of Ukraine, 2018, No. 12, pp. 31-51 [in Ukrainian]. doi.org/10.33763/finukr2018.12.031 2. Blankart Ch. DerzhavniFinansy v UmovakhDemokratii: Vstup do FinansovoiNauky [Public Finance in a Democracy: Introduction to Financial Science]. V.M. Fedosov (Ed.). Kyiv, Lybid', 2000 [in Ukrainian]. 3. Iefimenko T. Fiscal reforms and sustainable development in Ukraine. FinansyUkrainy - Finance of Ukraine, 2016, No. 3, pp. 7-14. 4. BogdanT., Landesmann M. From fiscal austerity towards growth-enhancing fiscal policy in Ukraine, available at: wiiw.ac.at/from-fiscal-austerity-towards-growth-enhancing-fiscal-policy-in-ukraine-dlp-4189.pdf. 5. Gasanov S., Kudrjashov V., Balakin R. Nadnatsional'nifiskal'nipravyla ta koordynatsiyabyudzhetnoipolityky v Evropeis'komuSoyuzi [Supranational fiscal rules and coordination of budgetary policy in the European Union]. FinansyUkrainy - Finance of Ukraine, 2019, No. 3, pp. 37-55 [in Ukrainian]. doi.org/10.33763/finukr2019.03.037 6. Sokolovska A. ShlyakhyreformuvannyapodatkovoisystemyUkrainy [Ways of reforming the tax system of Ukraine]. FinansyUkrainy - Finance of Ukraine, 2014, No. 12, pp. 103-121 [in Ukrainian]. 7. Cangiano M., Curristine T., Lazare M. Public Financial Management and its Emerging Architecture. Washington, D.C., International Monetary Fund, 2013, available at: www.imf.org/external/np/exr/bforums/2013/pfm/pdf/excerpt.pdf. 8. Kudryashov V. Fiskal'nipravyla ta koryhuvannyabyudzhetnoipolityky [Fiscal rules and adjustment of fiscal policy]. EkonomikaUkrainy - Economy of Ukraine, 2018, No. 11-12, pp. 47-59 [in Ukrainian]. 9. Lledó V., Yoon S., Fang X., Mbaye S., Kim Y. Fiscal rules at a glance, available at: www.imf.org/external/datamapper/fiscalrules/Fiscal%20Rules%20at%20a%20Glance%20-%20Background%20Paper.pdf. 10. Colasanti F. Economic policy coordination in Stage II of Economic and Monetary Union, available at: resume.uni.lu/story/economic-policy-co-ordination-in-stage-ii-of-economic-and-monetary-u/. |
|
Published since September 1958 |
|||
| Login |
| |||