Evaluation of business ethics for the formation of public finance

Vynnychenko, Nataliia; Majewska, U.

doi:10.21272/bel.2017.1-05

BEL

2017

DOI: 10.21272/bel.2017.1-05

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Evaluation of business ethics for the formation of public finance

Nataliia Vynnychenko¹,

U. Majewska²

Abstract: The analysis of modern approaches to defining the essence of basic categories which form an idea of the impact of business ethics on public finances is carried out in the article. The main components of the system of public finance are determined; it is presented as a combination of three elements: public finance, local finance and finance of public organizations of charities and other public entities, funds of which are of public nature and are directed at solving social problems.The aim of the article is the… Show more

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Analysis of Financial Self-Sufficiency of Local Budgets on the Example of Sumy Region

Kuznetsova¹,

Боронос

Zakharkin

et al. 2020

VSDU

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The analysis of publishing activity on the formation and implementation of local budgets in terms of ensuring their financial self-sufficiency has shown an increase in recent scientific interest in this issue, which indicates its relevance. This interest is especially important in the context of decentralization budget reforms in recent years. Thus, the purpose of this study is to analyze the self-sufficiency of local budgets in terms of decentralization reforms of the budget system and new conditions for the formation of the revenue side of local budgets. In the process of performing the tasks of the work the methods of economic, system and comparative analysis and synthesis were used. The analysis of statistical data on the indicators of the revenue side of local budgets was carried out using calculation-analytical, graphical methods. The paper analyzes the main definitions of the concept of financial self-sufficiency, and determines that most of them are based on the resource approach and assume the availability of sufficient financial resources to meet the economic and social needs of the region. Amendments to the Budget Code provide for the redistribution of tax revenues in favor of local budgets in terms of personal income tax, excise tax, income tax and other taxes. The analysis of the structure of the consolidated budget of Sumy region showed that the key source of formation of its revenue part is the receipt of funds from the personal income tax and local taxes. At the same time, revenues from these sources have increased significantly in recent years, primarily due to the growth of the minimum wage, as well as the intensification of entrepreneurial activity. The analysis of the volumes of local taxes and fees by cities of oblast subordination showed that the largest volumes of revenues are brought by the single tax and payment for land. As an indicator of the level of financial self-sufficiency of local budgets, it is proposed to use the share of own revenues in the total amount of budget revenues. According to which indicator a comparative analysis of the consolidated budgets of Sumy, Kharkiv and Poltava regions was conducted and it was determined that Kharkiv region has the highest level of financial self-sufficiency.

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Analysis of Financial Self-Sufficiency of Local Budgets on the Example of Sumy Region

Kuznetsova¹,

Боронос

Zakharkin

et al. 2020

VSDU

View full text Add to dashboard Cite

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Formation of Financial Self-Sufficiency for Local Budgets in Ukraine: Problems and Prospects of Increasing the Revenue Base

et al. 2020

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The guarantee for stable development of the local community's well-being creates conditions to ensure the financial self-sufficiency for local budgets. Today it is urgent to improve the theoretical and practical approaches to forming the local budget revenue to ensure the necessary financial self-sufficiency level for local budgets. Thus, the purpose of this research is to investigate the level of financial self-sufficiency for local budgets in Ukraine in 1998−2019 by analyzing the revenue side of these budgets. The research used methods of economic, systemic, and structural dynamic analysis. The paper compares different approaches to defining the concept of “financial self-sufficiency for local budgets”. It is determined that the community's success depends on the level of its financial self-sufficiency, which is possible only when the community has financial resources fully to implement local budgets in terms of expenditures. Structural and dynamic analysis of the local budget revenue in Ukraine for 1998-2019 is carried out to assess the level of financial self-sufficiency for local budgets in Ukraine as a whole. The study results indicate the state measures correctness in the reforming of the local taxation system in 2010 and budget decentralization in 2015. However, these measures must be fully implemented and systemic. Conclusions: the composition and structure of the revenues of the local budgets are continually changing, due to the constant changes in the tax system of Ukraine and the state’s efforts to solve the problem of generating local budget revenues, not due to the development of local taxation, but via official transfers. In such conditions, the self-sufficiency of local budgets does not receive the appropriate level. Local budgets are formed on the principle of minimum execution. However, the local taxation system development and the significant increase in tax revenues from local taxes since 2015 allow us to make optimistic forecasts for the growth of the financial self-sufficiency level for local budgets in the future. Keywords: self-sufficiency, community, budget, taxes.

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Evaluation of business ethics for the formation of public finance

Cited by 2 publications

References 2 publications

Analysis of Financial Self-Sufficiency of Local Budgets on the Example of Sumy Region

Analysis of Financial Self-Sufficiency of Local Budgets on the Example of Sumy Region

Formation of Financial Self-Sufficiency for Local Budgets in Ukraine: Problems and Prospects of Increasing the Revenue Base

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