Identification of sources of formation of the State Budget of Ukraine and directions of use of financial resources in the context of the russian-Ukrainian war

Autor: O.S. Dyka
Jazyk: English<br />Polish<br />Russian<br />Ukrainian
Rok vydání: 2024
Předmět:
Zdroj: Економіка, управління та адміністрування, Vol 2, Iss 108, Pp 3-9 (2024)
Druh dokumentu: article
ISSN: 2664-245X
2664-2468
DOI: 10.26642/ema-2024-2(108)-3-9
Popis: The article analyzes the sources of financial revenues to the State Budget of Ukraine and the use of financial resources in the context of the russian-Ukrainian war. The changes in the structure of revenues were investigated. It is established that tax and non-tax revenues have significantly decreased, and the main sources of funding have become international loans and grants, non-repayable aid, and funds raised through the issuance of military bonds. Taking into account these changes in the sources of state budget revenues, international financial assistance plays a crucial role. The United States, the European Union, Japan, Canada, the United Kingdom, and other countries provide Ukraine with significant financial resources that are used to finance defense, social benefits, infrastructure restoration, and other priority areas. The largest share of contributions comes from Anglo-Saxon countries, with the United States providing the most financial assistance, and the European community including the EU's collective institutions, the European Commission and the Council. Among other donors, Japan, the World Bank Group, and the IMF are leading the way. Humanitarian aid is provided by EU member states, the United States, and Japan. About 42 countries have become donors to Ukraine. In terms of military assistance, Ukraine's largest partners are EU member states, EU collective institutions and the European Peace Fund, the United States, the United Kingdom, and Norway. The government finances security and defense sector expenditures exclusively through its own tax revenues and military bonds. The most significant increase in expenditures is observed in the following items: defense, public order and security, social protection and social security, general government functions, health care, and intergovernmental transfers.
Databáze: Directory of Open Access Journals