| dc.contributor.author | SOKROVOLSKA, Nataliia | |
| dc.date.accessioned | 2024-11-16T10:39:49Z | |
| dc.date.available | 2024-11-16T10:39:49Z | |
| dc.date.issued | 2024-07-15 | |
| dc.identifier.citation | SOKROVOLSKA, Nataliia et al. The Impact of Economic Recession on the Financial Support of State Functions during Crisis Situations. Theoretical and Practical Research in Economic Fields, [S.l.], v. 15, n. 2, p. 350-364, june 2024. ISSN 2068-7710. Available at: <https://journals.aserspublishing.eu/tpref/article/view/8471>. doi: https://doi.org/10.14505/tpref.v15.2(30).15. | uk_UA |
| dc.identifier.issn | ISSN 2068-7710 | |
| dc.identifier.uri | https://archer.chnu.edu.ua/xmlui/handle/123456789/10804 | |
| dc.description.abstract | The state faces significant challenges in fulfilling its functions during a recession, and crises only exacerbate the
problems that arise. However, it is precisely during crises that adequate social security, defense, and other state functions are
critically important for ensuring national and individual public interests. The purpose of the study was to analyze the impact of
economic recession on the level of financial support for state functions during a crisis. The study used methods of statistical
analysis, comparative analysis, analogy, abstraction, and generalization. As a result of the study, the revenues of the state
budget of Ukraine and its financing were analyzed as the main sources of financial support for state functions. It was found
that the share of tax revenues decreased from 85.37% in 2021 to 45.04% in 2023, which poses a threat to the state's ability to
perform its functions. Significant budget financing amounts (31094 million USD in 2022 and 42479.15 million USD in 2023)
positively influenced the country's defense capability but led to an increase in the state debt. Insufficient gold and foreign
exchange reserves and the state debt reaching the GDP volume are the most negative trends. By analyzing international
experience, it was determined that Ukraine should pay high attention to optimizing internal revenue sources, especially tax
revenues, through fiscal incentives and ensuring tax discipline. It is also necessary to develop long-term strategies for repaying
the state debt and international cooperation. The research results can be useful for government officials in the process of
developing budget and tax policies. | uk_UA |
| dc.language.iso | en | uk_UA |
| dc.publisher | Theoretical and Practical Research in Economic Fields | uk_UA |
| dc.relation.ispartofseries | 15/2;350-364 | |
| dc.subject | economic recession; crisis; tax policy; budget policy; government debt; tax revenues; international support | uk_UA |
| dc.title | The Impact of Economic Recession on the Financial Support of State Functions during Crisis Situations | uk_UA |
| dc.type | Article | uk_UA |
