Discretionary budget expenditure in the system of state regulation of the country’s socioeconomic development

Public and Municipal Finance

Ihor Rekunenko¹  Mykhailo Kuzheliev²  Alina Nechyporenko³  Guram Nemsadze⁴ 

[1] University of State Fiscal Service of Ukraine;Doctor of Economics, Professor, Director of Educational and Scientific Institute of Finance and Banking;Doctor of Economics, Professor, Professor of the Department of Finance, Banking and Insurance, Sumy State University;Ph.D. in Economics, Senior Lecturer, Department of Finance named after L. L. Taranhul, University of the State Fiscal Service of Ukraine;

关键词: budget;    budgetary policy;    discretionary expenditure;    financing;    functions of the state;   

DOI  :  10.21511/pmf.07(4).2018.02

来源: DOAJ

【 摘 要 】

The paper investigates discretionary budget expenditure and determines its role in the system of regulation of country’s socio-economic development. In a very difficult political and socio-economic situation, Ukraine faces an urgent need to finda balance between the amount of functions performed by the state and the level of their financial support. The analysis of the State Budget of Ukraine expenditure according to the functional classification in 2014–2017 has been carried out. In particular, the discretionary budget expenditures (on state functions, economic activity, defense budget expenditures, budget expenditure on public order, security and judiciary; environmental protection, housing and utilities) are carefully analyzed. The purpose of the article is to study trends in financing discretionary budget expenditure and determine their impact on the socio-economic development of a country. Discretionary budget expenditures are the study object. It is determined that socio-economic development of a country requires government to apply progressive forms, methods and principles of expenditure management between the budget system levels. This need is due to the objective necessity to achieve sustainable development of economy and population welfare. The main problems that reduce budget discretionary expenditure effectiveness in the current conditions are investigated and the main directions to improve their financing are offered. The obtained results indicate the need to revise the funding of discretionary budget expenditures depending on the state policy priorities.

【 授权许可】

Unknown