The impact of the Covid-19 pandemiс on the revenuary part of the state budget formation

Kurhanska Eleonora
PhD in Economics, Associate Professor of Finance Department, Odessa National Economic University, Ukraine, e-mail: elekurg@ukr.net, ORCID ID: https://orcid.org/0000-0002-0838-8084

Logvinovska Svitlana
PhD in Economics, Associate Professor of Finance Department, Odessa National Economic University, Ukraine, e-mail: SvetlanaLohvinovska@ukr.net, ORCID ID: https://orcid.org/0000-0002-0670-2957

Cite this article:

Kurhanska, E., Logvinovska, S. (2022). The impact of the Covid-19 pandemiс on the revenuary part of the state budget formation [Vplyv pandemii COVID-19 na formuvannia dokhidnoi chastyny derzhavnoho biudzhetu], Socio-economic research bulletin, ìsnik socìal’noekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, No. 3-4 (82-83), pp. 112-123.

Abstract

The article considers the theoretical and practical aspects of peculiarities of the budget’s revenuary part formation through the tax revenues in conditions of the COVID-19 pandemic. The structure of budget’s revenuary part formation by main articles is analyzed and influential role of tax revenues on it was established. The main problems of the state budget revenues formation of Ukraine in the conditions of the COVID-19 pandemic are revealed and the ways of their solution are determined. Emphasis is placed on the state domestic and foreign policy implementation through the state budget, state executive authorities, state regulation of the country’s financial resources. It was emphasized that the state budget is an integral attribute of the country and important tool for implementing of the state financial policy. The study problems of the revenuary part formation of the State Budget of Ukraine is important, primarily, because the budget characterizes the level of country’s economic development. It was emphasized that the state budget is an important tool for implementing the state’s financial policy The practice of financial resources managing and organizing the control of budget funds allows you to quickly maneuver limited state funds, direct them to priority socio-economic problems, and, at the same time, receive real-time information on the movement and availability of budget funds on a single treasury account in the treasury system, primarily, about the state and formation of the revenue part of the State Budget of Ukraine. The practical value is the justification of revenue part of the state budget application as a main macroeconomic factor of the state stability, its economy and living standards of the population, institutional concepts of economic growth in the state economic policy formation, given that they determine the general principles of economic systems functioning taking into account multiple socio-economic and ideological factors.

Keywords

state revenues; state budget revenues; tax revenues; budgetary tax policy; problems of revenue formation; ways to increase revenues.

JEL classification:H700; L860; DOI: https://doi.org/10.33987/vsed.3-4(82-83).2022.112-123

UD classification: 336.142:355.01

This work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

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