| Popis: |
The paper considers the effectiveness of the practical implementation of budget planning. The main economic and political factors influencing the quality of budget planning in a crisis economy are highlighted. The quality and efficiency of planning budget indicators during destructive events, internal and external threats are analyzed. The effectiveness of the state budget policy, full and timely implementation of the obligations undertaken by the state depend on effective budget planning. However, the changing macroeconomic situation in the country and global economic challenges are forcing the budget targets to be revised during the fiscal year. The main document of budget planning is the law on the State Budget of Ukraine, and therefore the accuracy, timeliness and completeness of its implementation depends on the quality of preliminary budget planning and the rapid response to destructive changes in the economic environment. Budget revenue planning is a complex financial, economic and political process that takes into account the maximum number of factors that will affect the formation of revenue and expenditure parts of the budget at any level. The state budget of Ukraine, namely the success of its adoption and completeness of implementation, is a «litmus test» of the effectiveness of the Government. The actions of the Government and the legislature should be coordinated and aimed at ensuring a balanced budget in times of economic crisis. The article is devoted to assessing the effectiveness of budget planning in times of economic crisis. It proves the need for timely and adequate response to the objective reduction of the revenue side of the budget. The influence of various factors on the revenue side of the budget in the process of its implementation is considered. The actions of the legislature in making changes to the budget due to the occurrence of unexpected destructive events in the state economy are analyzed. The article reviews the implementation of the planned indicators of the revenue side of the budget during periods of macroeconomic shocks. The quality of changes in the budget targets and the reasons for their approach or departure from the actual indicators are analyzed. The necessity of the existence of reserve funds in order to level the impact of destructive events on the budget balance has been proved. The paper presents proposals to increase the reserve fund of the state budget. |
