Financial risks of budget security and their state regulation

Ekonomika APK ◽  
2021 ◽  
Vol 322 (8) ◽  
pp. 67-78
Author(s):  
Ivan Marko ◽  
Oksana Radchenko ◽  
Oleksandr Melnychuk
Keyword(s):  
Economic Security ◽  
State Regulation ◽  
The State ◽  
Practical Significance ◽  
Financial Risks ◽  
Financial Security ◽  
State Budget ◽  
Scientific Publications ◽  
Definition Of ◽  
Individual Security

The purpose of the article is to substantiate the features of financial risks of the budget component of financial security of Ukraine on the example of the analysis of expenditures for individual security-forming sectors. Research methods. A monographic method was used to review scientific publications of researchers and the regulatory framework on budget security, empirical, systemic and comparative analyzes and synthesis for monitoring indicators and sub-indices of financial and budget security, a graphical method to reflect the dynamics of the studied indicators, a statistical method to identify the integration of risks, abstract logical for theoretical generalizations and conclusions. Research results. Financial risks for the sphere of budget security are classified. The dynamics of the integrated index of economic security and subindex of financial security, and in its structure, budgetary security is analyzed; operational budget expenditures and expenditures on the food and national security sectors. The directions based on which the types of budget security are regulated are determined: focus on achieving the strategic goal; the need to guarantee the priority of budget expenditures for specific industries in the context of political, economic, artificial and global crises; for economic sectors - compliance with the balance of the industry's contribution to GDP and the share of its funding from the State Budget. Scientific novelty. The definition of financial risks of budget security as threats to organizational, regulatory, and administrative measures for the formation of state budget revenues and expenditures has been further developed. The analysis of financial security sub-indices for the current period is in-depth. The connection between financial and budgetary security has been established. The dependences of the dynamics and efficiency of budget expenditures on individual security-forming industries are studied. Methodological support of budget security analysis processes and approaches to the effectiveness of state regulation has been improved. Practical significance. Improvement of the grouping of financial risks, methodical approaches to the definition of directions of the state regulation of decrease in the level of financial risks in the field of budgetary safety is offered. Some conclusions of the study can be used to form the Strategy for the development of security-forming industries. Tabl.: 7. Figs.: 1. Refs.: 31.

Ground of mechanism of pay in a budget for the pipelinetransporting of hydrocarbon commodities

2019 ◽  
pp. 141-152
Author(s):  
Adam Bodіuk
Keyword(s):  
The State ◽  
Practical Significance ◽  
State Budget ◽  
Economic Interests ◽  
State Recognition ◽  
Main Pipelines ◽  
Business Entities ◽  
Combination Of Methods ◽  
Definition Of ◽  
Hydrocarbon Transport

The subject of the study is the mechanism for determining the fiscal fee forthe main transportation of hydrocarbon goods as a resource concept. The purposeof this article is to justify the nature and prospects of using, instead of currentrent, hydrocarbon fiscal-main income as a fiscal payment, which is brought intothe state budget by operators of the main hydrocarbon-transport system as business entities for their transportation of hydrocarbons and products of their processing through main pipelines appropriate to the economic requirements. Theresearch methodology is determined by a combination of methods: a) cognition:legal analysis (study of the regulatory framework for the use of rent); b) justification: abstract logical analysis (definition of the concepts of hydrocarbon fiscalmain income); c) generalization (substantiation of conclusions and proposals).Results of work. In the process of analyzing the regulatory legal acts that regulate the use of current annuity as payment to the budget for the main transportation of hydrocarbons, it was established that it is not a tax in the interpretationof PKU, since the essence does not meet the official definition of tax, does notmeet the accepted definition of the concept of rent. The accepted nature andmechanism of paying rent for the transportation of hydrogen resources and associated revenues of the state and users of the main hydrogen transport systemand the unpromising nature of its use as a fiscal payment are analyzed. Conclusions.It is proposed that the state pay for the territorial pumping of hydrocarbon resources according to our triple principle as hydrocarbon fiscal-main income, whichcorresponds to its essence, and accordingly change the mechanism for calculatingand depositing funds to treasury accounts. Since the funds come to the revenueside of the state budget, that is, inherently belong to state revenue. The creationof such a mechanism needs certain studies, justifications and government decisions. The same applies to land use, since the quality indicators of soils, wherethe laid pipelines are territorially different. In addition, there is a process ofchanging land for its intended purpose, for the property. The fee for movinghydrocarbon resources should be calculated depending on the type of transport,including pipelines, for a set of indicators: quantity and quality of goods, time,main tariffs and distance of its movement. The amount may be adjusted usingfactors officially established by the CMU. Since the pipelines are located in territorial lands, part of this fee should be transferred to the territorial local budgets.Theoretically, the economic use of trunk pipelines should be considered as a typeof economic environmental management. Therefore, this type of government revenue should be determined by a set of indicators, as well as taking into account the economic interests of business entities authorized by the CMU. Thus, theimplementation of our proposed fiscal payment is relevant, has scientific noveltyand promising practical significance, therefore, for state recognition it is proposedto include it in the Tax Code of Ukraine.

scholarly journals FINANCIAL ARCHITECTURE AS THE BASE OF THE FINANCIAL SAFETY OF THE ENTERPRISE

2018 ◽  
Vol 4 (4) ◽  
pp. 334-340 ◽  
Author(s):  
Olga Sosnovska ◽  
Maksym Zhytar
Keyword(s):  
Economic Security ◽  
Scientific Development ◽  
Economic Science ◽  
Financial Risks ◽  
Financial Security ◽  
High Quality ◽  
Financial Architecture ◽  
Theoretical Approaches ◽  
Definition Of ◽  
Functional Components

In today’s economic realities, achieving the necessary level of financial security of enterprises is a prerequisite for ensuring their sustainable operation and the formation of competitive development parameters in the internal and external market environment. The effectiveness of this process depends on building a high-quality financial architecture as the basic structural element of the company’s financial security system. In this regard, the subject of the study is an analysis of existing theoretical approaches to the definition of financial architecture and its relationship with the financial security of the enterprise. The methodological basis of the research is the scientific development of domestic and foreign scientists, the fundamental theoretical positions of economic science in the field of financial architecture formation, financial risk management, and financial security of the enterprise. The purpose of the article is to study the essence of financial architecture in order to substantiate its determining influence on the financial security of the enterprise and ensure its sustainable functioning in an unstable development of economic processes. The article analyses the theoretical aspects of financial architecture and finds that the interpretation of this economic category is due to the existence of clear causal relationships between its constituent elements and their impact on the financial support. Proceeding from this, the definition of financial architecture is drawn as a set of interconnected structural elements such as capital structure, ownership structure and quality of corporate governance, which accumulate and mobilize financial resources, increase control over the activity of the enterprise, solve conflicts of interest between owners and other stakeholders. It is determined that the choice of principles and methods for constructing financial architecture depends on such financial interests of economic entities as forming a flexible financial potential, optimizing the structure of capital, increasing investment attractiveness, maximizing profits, and increasing the market value of the enterprise. It is proved that the result of building a flexible financial architecture is to provide the appropriate level of financial security of an enterprise by identifying, quantifying, neutralizing, minimizing, and monitoring its financial risks. It is proposed to systematize indicators of financial security level assessment on the most typical of its functional components, among which investment, credit, emission, innovation, and currency can be distinguished. It has been established that ensuring the appropriate level of financial security will contribute to achieving financial sustainability, forming qualitative financial potential, providing competitive advantages, harmonizing interests of economic entities, and creating an effective system of economic security of the enterprise. It is concluded that the construction of high-quality financial architecture is the basis of financial security of an enterprise, the level of which depends on the proper management of financial risks and ensuring an adequate level of safety of all its functional components. As a criterion for the effectiveness of the process of ensuring the financial security of the company, sustainable development of the enterprise was determined in the conditions of an unstable economic environment.

scholarly journals The System for Improving the State Financial Control

2019 ◽  
Vol 73 (2) ◽  
pp. 25-30
Author(s):  
С. М. Бортник
Keyword(s):  
Economic Security ◽  
The State ◽  
Financial Control ◽  
Government Programs ◽  
State Budget ◽  
Indirect Methods ◽  
Control Procedures ◽  
Tax Payments ◽  
Definition Of ◽  
State Regional

It has been substantiated that the role, tasks and scale of the state financial control are directly related to the concept of national and economic security of Ukraine, and the specific attitude towards this control is due to the fact that it is carried out in the plane of interweaving of state, regional, corporate and individual interests. It has been noted that the state financial control covers not only the process of the formation of the revenue part of the budgets, but also their expenditure component, since the state should implement it during the realization of government programs, financing current and capital expenditures, providing local budgets with additional resources from the State Budget, etc. Due to the formalization of certain stages of the system of the state financial control, identification of the main threats to the financial and budgetary system and motivation to avoid tax payments, the definition of the factors of ensuring national security was further developed in the article. To improve the existing control procedures, the author has offered the list of factors for increasing the efficiency of control in the financial and economic sphere, which can facilitate the organization of the state financial control in general. The author has determined the directions for improving the forms and methods of the state financial control, namely: increase of the number of joint inspections of controlling agencies, including cross-checks (counter-checks); carrying out repeated inspections of subjects that made concealment and abuse in large amounts; usage of indirect methods of calculating the subject’s base.

scholarly journals The Theoretical Aspects of Defining the Essence of Fiscal Instruments

2021 ◽  
Vol 7 (522) ◽  
pp. 228-233
Author(s):  
K. S. Shaposhnykov ◽  
◽  
D. V. Krylov ◽  
I. V. Yakushko ◽  
◽  
...  
Keyword(s):  
National Economy ◽  
State Regulation ◽  
The State ◽  
Scientific Concepts ◽  
State Budget ◽  
Fiscal System ◽  
Definition Of ◽  
Economic Instrument ◽  
Stimulation Of

The main aim of this article is to research the existing scientific concepts for considering the essence of the category of «fiscal instrument» and substantiate the essence of this definition. It is noted that there is an urgent issue of deepening the provisions formed and also developing further provisions in the field of functioning of the fiscal system, searching for the optimal model when developing such a system. Thus, there is a need for the implementation of new researches in this sphere to deepen the theoretical aspects of the functioning of the fiscal system, including the need to substantiate the content of certain scientific categories and specify existing ones. The article considers the essence of the category of «economic instrument», analyzes the existing concepts of research of this definition. It is determined that this type of instruments is an integral part of the whole mechanism of the State regulation of the national economy, stimulation of the development of certain sectors of the economy, management of the State property. This allowed us to continue to study the role of various types of economic instruments in ensuring the efficient functioning of the national economy, in particular fiscal ones. It is also determined that in the vast majority of cases, using the category of «fiscal instrument», scientists often identify it with the definition of «tax instrument». In a significant number of works when considering derivative scientific concepts from the word «fiscal», it is also not enough attention to specify the content of fiscal instruments. Thus, the article proposes to consider the content of the category of «fiscal instrument» as follows: fiscal instrument – a means used to save financial resources of economic entities in order to generate the State budget revenues.

scholarly journals State regulation and support agrarian innovations in Ukraine

Ekonomika APK ◽  
2020 ◽  
Vol 313 (11) ◽  
pp. 119-136
Author(s):  
Oksana Radchenko ◽  
Liudmyla Tkach ◽  
Olena Dendebera
Keyword(s):  
Economic Development ◽  
Agricultural Sector ◽  
New Technologies ◽  
State Regulation ◽  
Agricultural Science ◽  
The State ◽  
Practical Significance ◽  
Scientific Publications ◽  
Scientific Institutions ◽  
Agricultural Innovations

The purpose of the article is to carry out a scientific generalization of the state of agricultural innovations and their state regulation in Ukraine on the example of scientific institutions. Research methods. The methodological basis of the research is the systemic method. A monographic method was used - for examining scientific publications of researchers on the problems of agricultural innovations and their state regulation; empirical, systemic and comparative analysis and synthesis, graphic methods - to assess the current state of science financing; statistical method - to assess the degree of government regulation and research funding; abstract-logical - for theoretical generalizations and conclusions. Research results. A review of scientific research on state regulation of agricultural innovations in Ukraine and the world is carried out. Shows the innovative position of Ukraine in international ratings. The state regulation of innovations through the analysis of the dynamics and efficiency of expenditures on agricultural science is investigated. Scientific novelty. The definition of state regulation of agricultural innovations was further developed as the choice of a certain model of organizational, regulatory, management measures for the creation and transfer of new technologies aimed at the formation of interrelated mechanisms of institutional, resource support for the support and development of innovative activities in agriculture for the purpose of socio-economic development. The substantiation of dependence of dynamics and efficiency of expenses on agrarian science and other spheres of economic activity in interrelation with macroeconomic indicators was deepened. Practical significance. Conclusions are made about the need to form a strategy for innovative development of the agricultural sector by supporting innovation and the IT industry; further cooperation between manufacturers, scientific institutions and the state. It is recommended to borrow foreign experience in terms of processing the state's strategy for regulating innovation in the agricultural sector, depending on the phase of economic development and budgetary opportunities. Tabl.: 5. Figs.: 4. Refs.: 38.

scholarly journals Borderline states of economy of the territory: “fine edge” or “void” in between security and danger

2020 ◽  
pp. 28-42 ◽  
Author(s):  
Liudmila Konstantinovna Samoilova
Keyword(s):  
National Economy ◽  
Economic Security ◽  
The State ◽  
Economic Science ◽  
Scientific Publications ◽  
Distinctive Features ◽  
The Subject ◽  
Definition Of

Based on the analysis of provisions of economic science, this article characterizes the state of national economy from the perspective of protectability from negative activities of various origin. In most works the emphasis is placed on its diametrically opposite states – secure and dangerous; but there are also borderline states of conditionally secure and pseudo-secure, which do not receive due attention in the scientific publications. In this regard, the goal is to eliminate the terminological gap that exists in economic science, substantiated by the absence of approaches towards demarcation of these states, by decomposing the definition of “economic pseudo-security”. The result of the conducted research consists in explication of the term “economic pseudo-security” based on specification of attributive features as pseudo-dynamism, pseudo-sustainability, and pseudo-protectability. The inner content of each of the aforementioned criteria is described through their distinctive features. These acquired results are aimed at broadening of theoretical provisions of economic science and systematization of knowledge on the economic security. Usage of separate parameters of pseudo-security would allow the subject of protection, i. e. the state, promptly responding to alternation of the course of socioeconomic processes on macro- and micro-levels in order to prevent the development of borderline states of national economy and their possible later transition into the dangerous.  

scholarly journals THE ESSENCE OF FINANCIAL SECURITY OF HOUSEHOLDS AND DIRECTIONS OF ITS PROVISION

2021 ◽  
Author(s):  
Viktoriia Kovalenko ◽  
◽  
Natalia Matsedonska ◽  
Keyword(s):  
Household Income ◽  
Legal Protection ◽  
The State ◽  
Security System ◽  
Practical Significance ◽  
Insurance Companies ◽  
Financial Security ◽  
Scientific Publications ◽  
Main Components ◽  
Household Incomes

Today, the priority of economic development of any state, including Ukraine, is to ensure high financial security of the state, which, in turn, is one of the main components of national security of Ukraine. In the country's financial security system at the micro level, the basic component is the financial security of the household. The proper functioning of the financial security system is complicated by a number of problems, among which are: low household incomes, high unemployment and poverty, shadowing of the economy. The lack of a comprehensive approach to the study of financial security of households, the objective need for research in this area, the relevance of the issue and its practical significance determine the choice of research topic. Scientific publications of leading domestic scientists have become methodological and informational. Methods of analysis, comparison, generalization, system approach, abstraction and grouping were used during the research. The article examines the essence of the concept of "financial security of the household" in the financial security of the state. The object and subjects of financial security of the household are defined. It is proved that today the problem of ensuring the financial security of households has become extremely relevant. This fact is closely related to the globalization of the economy and integration processes that contribute to changing the welfare of households. The paper notes that the financial security of households has its own specific features. Three main functions of the system of ensuring the financial security of the household (preventive, prognostic and managerial) are described. There are five main areas of financial security of households, namely: increasing household income, balancing household income and expenditure, using self-insurance, insurance using the capabilities of insurance companies and legal protection of households. The article also lists the forms of ensuring the financial security of households.

scholarly journals Main Approaches to Assessing the Economic and Financial security: The Essence and Directions of Improvement

2021 ◽  
Vol 2 (517) ◽  
pp. 6-12
Author(s):  
O. O. Solodovnik ◽  
Keyword(s):  
Financial Stability ◽  
Financial Economic ◽  
Economic Security ◽  
The State ◽  
Financial Security ◽  
Scientific Publications ◽  
State Region ◽  
Basic Approaches ◽  
Security Indicators ◽  
High Degree

The present day global financial-economic crisis caused by the spread of the COVID-19 pandemic actualizes the problem of improving the basic approaches to assessing the economic and financial security of systems at all levels of management. The article is aimed at disclosing the essence and analyzing the main approaches to assessing the economic and financial security of the State, region, enterprises in order to substantiate the directions of improving the methodological basis for ensuring the economic and financial security of systems at different levels of management in accordance with the novel wave of challenges and threats. On the basis of research of scientific publications, the main approaches – the indicator and the functional – to the assessment of economic and financial security of systems at all levels of management are allocated and characterized; directions of their improvement are substantiated: expansion of the existing system of indicators by means of inclusion in its composition indicators of early warning of crisis phenomena in other spheres of public life that can undermine economic and financial stability; substantiation of scientific provisions on the use of the multiplier form of the integral indicator. It is proposed to improve the official approach to computing the level of economic security of Ukraine by including the ecological security indicators in the system of economic security indicators. The emphasis is placed on the need for further development of the scenario approach to the assessment of economic and financial security of the State, region, enterprise, which allows to obtain an assessment of the level of security of the research object in the medium and long term, with an average or high degree of uncertainty.

scholarly journals FISCAL FUNCTION OF CUSTOMS POLICY AS AN IMPORTANT COMPONENT OF ENSURING THE EFFICIENCY OF ITS MECHANISM FORMATION

2021 ◽  
Author(s):  
Yuliia Buhel
Keyword(s):  
National Economy ◽  
Tax Evasion ◽  
Economic Activity ◽  
Economic Security ◽  
The State ◽  
State Budget ◽  
Economic Interests ◽  
Stage Of Development ◽  
Definition Of ◽  
Effective Use

The article considers the essence of customs policy as a set of measures taken to ensure the most effective use of instruments of customs control and customs regulation of foreign economic activity, aimed at maintaining a positive trade balance of the country and the development of the national economy. It is noted that the state's customs policy is designed to promote the country's economic security, which will guarantee a sufficient level of socio-economic and defense existence, as well as the political independence of its economic interests in relation to possible external and internal threats and influences. In this context, the author emphasizes that the profound political, economic and social processes taking place in Ukraine today have determined serious changes in the understanding of the role and importance of the state's customs policy. It is studied that at the present stage of development of the national economy, customs policy as an integral part of public policy has a pronounced fiscal nature. Accordingly, it is emphasized that this definition of priorities is primarily caused by the problem of acute budget deficit, which is complicated by the problems of tax evasion, significant external debt and the state of social guarantees of the state. As conclusions, it is stated that the basis for the transformation of customs in Ukraine should be the transition from the customs service as an exclusively fiscal body that provides most of the tax revenues of the state budget to the controlling body, whose main purpose is to ensure compliance with Ukrainian legislation on customs. At the same time, it was emphasized that the role of control in modern conditions will be not only in a comprehensive assessment of the sphere of taxation of foreign economic activity, but also in identifying additional sources of filling the budget through effective management decisions. However, it is emphasized that the fiscal orientation of the customs service of Ukraine today is primarily due to the state of our economy. Therefore, fundamental changes in the conduct of customs affairs of Ukraine and its tasks are possible only with a corresponding change in the economic situation in the country.

scholarly journals Analysis and assessment of the state of economic security of the region

2020 ◽  
pp. 17-22
Author(s):  
Tetiana KORNIIENKO ◽  
Liudmyla CHVERTKO ◽  
Oksana VINNYTSKA
Keyword(s):  
Sustainable Development ◽  
Economic Security ◽  
State Regulation ◽  
The State ◽  
Effective Mechanism ◽  
Property Relations ◽  
External Threats ◽  
Definition Of ◽  
Market Relations ◽  
Functional Components

Introduction. Formation of the market relations during the years of Ukraine's independence has significantly affected the economic condition of the state. There have been radical changes in property relations, forms and methods of the state regulation, development priorities at both the state and regional levels. In general, this has led to instability in the internal and external economic environment and the emergence of new problems related to the further economic development of the country. The list of such problems includes ensuring of the economic security of the state and a particular region. The purpose of the paper is timely detection and neutralization of internal and external threats and dangers that affect the level of the economic security of the region will ensure its stable and most effective functioning at a certain time and high potential for development in future. Results. The use of the proposed algorithm for formation of the state of the economic security of Cherkasy region will not only identify and neutralize threats and risks but also ensure sustainable development of the region. Conclusion. Based on the conducted research, we have developed a mechanism for managing the economic security of the region, which has five stages and allows you to take into account all the requirements for solving the problem of the economic security of Cherkasy region. The main condition for ensuring sustainable development of the region and achieving positive results of financial and economic activity is the formation of an effective mechanism of economic security, which should be aimed at protecting the enterprise from internal and external threats and dangers. It is advisable to form an effective mechanism for ensuring the economic security of the region, which would fulfill a certain set of tasks. Therefore, the definition of the effectiveness of solving issues of economic security formation is proposed to be implemented on a comprehensive basis. It should be done by the evaluation of the effectiveness of the use of certain elements of the mechanism and functional components of economic security, the comprehensive assessment of the company compliance with the state of economic security and the assessment of the company effectiveness from the standpoint of sustainable development.

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