Methodological and organizational approaches to ensure the efficiency of management and use of budget expenditures

Radionov, Yurii

doi:10.33763/finukr2022.05.007

Cited by 7 publications

(1 citation statement)

References 4 publications

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“…The effectiveness of the use of budget expenditures is directly related to the effective implementation of budget programs, implementation of the budget, and financial and economic policy of the state. Increasing the efficiency of management and the use of budget expenditures is caused by the need to meet the needs of the army to liberate the occupied territories, rebuild the destroyed infrastructure, provide the population with a sufficient number of high-quality public goods, social services, help raise the standard of living of citizens, and achieve significant performance indicators of the country's socio-economic development (Radionov, 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

Management of budget flows under martial law

Romenska,

Datsenko,

Samoday

et al. 2024

Public and Municipal Finance

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Managing budget flows under martial law is important to ensure the security and financial stability of the state, helping to mobilize the necessary resources and concentrate them on financing key needs. This paper aims to identify and outline possible measures to balance the movement of budget flows in order to harmonize them with the goals of state policy in the field of national security. The movement of budget flows of income and expenses was assessed, and trends and changes were identified using economic and statistical methods. The assessment results confirmed the need for reasonable planning of budget flows in the context of the impact of unforeseen military events on the process of budget execution in terms of revenues and expenditures, which leads to failure to meet expenditure indicators, causes a lack of financial resources and an increase in the budget deficit. One of these measures is the improvement of budget planning, which is based on the analysis, detection, and assessment of the probability of occurrence and countering the risks related to the state’s financial system. Correlation-regression analysis confirmed the growing dependence of revenues on official transfers from the EU, foreign governments, international organizations, donor institutions, and government bodies. The results obtained are basic for developing measures to balance incoming and outgoing budget flows under martial law. They provide for the obligation to create a financial support system (including international financial aid) while strengthening state financial control measures for the timely, targeted, effective direction of budget flows, including for the security and defense of the state.

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Section: Literature Reviewmentioning

confidence: 99%

Management of budget flows under martial law

Romenska,

Datsenko,

Samoday

et al. 2024

Public and Municipal Finance

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Управління Фінансовими Ресурсами Держави В Умовах Воєнного Стану

Radionov¹

2024

ЕУ

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The legislative, normative legal acts adopted during martial law, which regulate the filling of budgets and using financial resources, are analyzed. It is established that in September 2022, compared to March, the deficit of the consolidated and state budgets increased several times. The analysis of the sources and structure of revenues and directions of state and local budgets spending for the nine months of 2022 by areas, including the study of budget programs, showed that most of the state budget expenditures were made on the country's defense, social security of the population, performing the main functions of the state, in particular, the public order maintenance, security and the exercise of powers by the judicial branch of government. Local budgets are entrusted with ensuring the educational process and financing the entire housing and communal services sector of the country. To increase significantly the efficiency and effectiveness of the use of state financial resources, it is proposed to introduce new methodological and organizational approaches in budget expenditures management. It is noted that in wartime, old organizational forms, methodological approaches are not applicable, because they not only fail to meet the requirements of market relations, including in terms of ensuring the efficiency of management and use of financial resources, but also remain a factor of danger, deformation of task performance in entire state management system. In this situation, there is an opportunity to start reforms, to apply more effective methods, principles, and means of methodological and organizational support for the activities of each government-funded, and not only such, institution and organization. This applies to both the main manager of budget funds and the manager of a lower level, recipients of budget funds, that is, from the ministry to any other institution or organization for the purpose of designing a new organizational management system based on a systemic approach to management and use of budget expenditures to improve the efficiency of using financial resources, increase the effectiveness of state's financial, budgetary and economic policy.

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Напрями Реформ І Соціально-Економічного Розвитку України В Період Післявоєнного Відновлення

Радіонов

2023

ЕУ

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The large-scale invasion of Ukraine’s territory by the Russian Federation affected the lives of ordinary Ukrainians, suddenly turning them into refugees. The rest of the citizens are forced to live in the conditions of war and bear the burden of severe trials and suffering caused by the war. The war is also a global challenge that shook the foundations of the financial and economic stability of the state, changed the priorities of state policy in various fields, and reshaped international relations. At the same time, the war is a chance for society to change the current, insufficiently efficient system of socio-political and economic life in the country. Today, when hostilities continue at the front, it is already necessary to work out a clear algorithm of actions and form own mission and vision for the development of Ukraine, implementing structural reforms in the context of the future European civilizational subjectivity of the state. It is substantiated that after the war, in the new economic policy, man as the main productive force and economic progress driver should be at the center of the renewal and development of the country, which should become an integral part of the formation of the European and international civilizational space. Naturally, this requires changes in approaches to the formation and implementation of the country's budgetary, social, and environmental policies. The chronic shortcomings that restrained the dynamics of the socio-economic development of the country both before the war and now, under martial law, are highlighted. Emphasis is placed on the need for the participants of the budget process to observe the basic principles of the budget system, namely the efficient and effective use of budget funds. The directions of reforms and prospects of socio-economic development of the country, which are to change the system of state management of the economy, improve regulatory mechanisms in various sectors, and increase the efficiency of the use of resources, including financial ones, are determined.

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Methodological and organizational approaches to ensure the efficiency of management and use of budget expenditures

Cited by 7 publications

References 4 publications

Management of budget flows under martial law

Management of budget flows under martial law

Управління Фінансовими Ресурсами Держави В Умовах Воєнного Стану

Напрями Реформ І Соціально-Економічного Розвитку України В Період Післявоєнного Відновлення

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