THE INFLUENCE OF THE WAR ON THE FORMATION OF THE BUDGETARY SYSTEM IN UKRAINE
DOI:
https://doi.org/10.58246/sj-economics.v55i4.664Keywords:
budget system, deficit, military actions, government debt, external financial assistance, tax revenues, government expendituresAbstract
The full-scale war in Ukraine has led to fundamental changes in the functioning of the budget system. This article analyzes the consequences of the military actions and their impact on the formation of the budget system in Ukraine, in particular: the growth of defense and security expenditures, the increase in the deficit, and the attraction of significant external financial assistance. The author analyzes the problems that Ukraine faces during the war in filling the revenue side of the budget and proposes solutions, including tax system reform, expenditure optimization, and strengthening financial discipline.
References
State Budget Execution: https://index.minfin.com.ua/ua/finance/budget/gov/2024/ (Accessed: October 23, 2024)
Ukrinform - Current News of Ukraine and the World: https://www.ukrinform.ua/rubric-economy/3899734-derzborg-u-lipni-zbilsivsa-na-ponad-200-milardiv.html (Accessed: October 23, 2024)
Record Defense Spending and Record Deficit. Economic Truth. https://www.epravda.com.ua/columns/2024/09/21/719634/ (Accessed: October 23, 2024)
The Government Approved the Draft State Budget for 2025: The Country's Defense Will Be Ensured. Ministry of Finance of Ukraine. https://mof.gov.ua/uk/news/uriad_skhvaliv_proekt_derzhbiudzhetu_na_2025_rik_oboronu_kraini_bude_zabezpecheno-4788 (Accessed: October 23, 2024)
Draft Law of Ukraine No. 12000 of 14.09.2024 on the State Budget of Ukraine for 2025. IPS LIGAZAKON - a system for searching, analyzing and monitoring the regulatory framework. https://ips.ligazakon.net/document/JI11629I (Accessed: October 23, 2024)
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Copyright (c) 2024 Olha Hrytsenko
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