SPECIAL ASPECTS OF THE INFLUENCE OF MACROECONOMIC INDICATORS ON FORMATION OF THE BUDGETARY POLICY OF UKRAINE

Authors

DOI:

https://doi.org/10.35774/jee2019.03.303

Keywords:

Budgetary policy, economic policy of the state, GDP, national economy, problems, inclusive development index.

Abstract

None of the states can fulfill its functions without the relevant and adequate financing which should complete the main task of the state – improvement of well-being of citizens and efficiency of the national economy. During the crisis, structural and deep economic problems emerge, on which system decisions (instead of reactive and declaratory decisions) should be taken.

The paper deals with the influence of the economic policy of the state on its budgetary policy; analyzes the key macroeconomic problems of the national economy and defines the consequences; outlines strategic directions for the formation of the efficient budgetary policy of Ukraine.

It is established that the only way to overcome the crisis situation in Ukraine is the growth of GDP through the structural reforming of the economy and implementation of coordinated budgetary and monetary policy, shifting the focus from the fiscal orientation towards motivating one. The ultimate question lies in the growth of inclusive development index which would increase the level of competitiveness of the national economy and the standards of living in the globalization space.

JEL: E440, E690, H610.

Author Biographies

Sergey CHIMSHIT, Dnipro National University of Railway Transport named after Academician V. Lazaryan

Doctor of Economics, Associate Professor

Liudmila GOLOVKOVA, Dnipro National University of Railway Transport named after Academician V. Lazaryan

Doctor of Economics, Professor, Head of Finance and Economic Security Department

Alla YAKYMOVA, Dnipro National University of Railway Transport named after Academician V. Lazaryan

PhD in Finance, Associate Professor, Finance and Economic Security Department

Liliia DOBRYK, Dnipro National University of Railway Transport named after Academician V. Lazaryan

PhD in Economics, Associate Professor, doctoral student, Finance and Economic Security Department

References

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Procedure of development of the Fundamentals of the monetary policy and control of its implementation approved by the NBU Resolution as of 31.01.2017 No. 2-рд [Electronic resource]. – Access mode: http://zakon3.rada.gov.ua/laws/show/vr002500-17

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Published

30.11.2019

How to Cite

CHIMSHIT, Sergey, et al. “SPECIAL ASPECTS OF THE INFLUENCE OF MACROECONOMIC INDICATORS ON FORMATION OF THE BUDGETARY POLICY OF UKRAINE”. Journal of European Economy, vol. 18, no. 3, Nov. 2019, pp. 303-20, doi:10.35774/jee2019.03.303.

Issue

Vol. 18 No. 3 (2019): JOURNAL OF EUROPEAN ECONOMY

Section

MACROECONOMICS

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