Year: 2024
Type: article
Abstract: The article analyses the theoretical aspects of the state financial policy, summarises its main types and considers the interdependence of different areas of financial policy. Tax and budget policies ensure the implementation of the fiscal and regulatory functions of the state. Taxes and budget expenditures are the main instruments of financial policy. With the help of fiscal policy, financial resources are generated, distributed, redistributed and used. The article considers the impact on budget revenues and expenditures of various types of fiscal policy. Taxes are the main source of budget revenues. When developing proposals for reforming the tax system, the volume and structure of budget expenditures should be taken into account. The classification, sources and methods of budget revenues are systematised. The article considers taxes, which not only create financial resources of the state, but also regulate economic processes.The most effective mechanism for influencing the amount of budget revenues is the tax rate, which, in turn, affects the size of the tax burden. The tax burden is determined by the ratio of actual tax revenues to the budget to GDP. The article analyses the share and structure of tax revenues in budget revenues in Ukraine and in the member countries of the Organisation for Economic Co-operation and Development (OECD). The features, possibilities and consequences of reforming the tax system are considered. Possible directions and prospects for further research are substantiated
Source: Spatial development
Author: Nataliia Denysenko
Language: English
Topic: Economic and Fiscal Studies
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4410010376