IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2024i3p30-42.html
   My bibliography  Save this article

Accounting and Analytical Support for the Assessment of Fiscal Policy and Sustainable Development of Ukraine

Author

Listed:
  • Oleh Sokil

    ("Lviv Polytechnic" National University, Lviv, Ukraine)

Abstract

Fiscal policy is an essential tool that affects the economic stability and sustainable development of the state because it determines the conditions of economic activity through the regulation of the tax burden and the distribution of budget funds. The article's purpose is to develop and approve an integral tax index, which will allow a comprehensive assessment of the effectiveness of fiscal policy in the context of its contribution to the country's sustainable development. The author used the index analysis method to reduce various indicators to a unified format, facilitating their comparison and evaluation. The study is based on a comprehensive analysis of economic, social and environmental indicators, including GDP, tax revenues, environmental taxes and social contributions. Data were collected and analyzed for 2017-2024, which allowed to identify trends and correlations between various aspects of the economy that affect fiscal policy and its sustainability. The proposed methodology includes collecting statistical data, their analysis, forming an integral index and verifying its effectiveness through regression analysis modelling. The results of the study show that Ukraine's fiscal policy, despite the complex economic challenges, can support sustainable development goals but needs corrections to increase its effectiveness. The main challenges remain increasing social responsibility, environmental safety and ensuring economic growth in conditions of global instability. The identified shortcomings require improvement of the tax system and a balanced approach to regulating tax reforms to support sustainable development. The article provides recommendations on the optimization of fiscal policy, which will contribute to increasing its adaptability to economic challenges and ensuring socio-economic stability in the long term. This study proves that the integrated tax index is an effective tool for monitoring and adjusting fiscal policy to support Ukraine's sustainable development.

Suggested Citation

  • Oleh Sokil, 2024. "Accounting and Analytical Support for the Assessment of Fiscal Policy and Sustainable Development of Ukraine," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 30-42, September.
    • Handle: RePEc:iaf:journl:y:2024:i:3:p:30-42
    DOI: 10.33146/2307-9878-2024-3(105)-30-42
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/1083-oblikovo-analitichne-zabezpechennya-ocinki-fiskalnoi-politiki-ta-stalogo-rozvitku-ukraini.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/1083/
    Download Restriction: no
    File URL: https://libkey.io/10.33146/2307-9878-2024-3(105)-30-42?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    fiscal policy; sustainable development; accounting and analytical support; integral index; economic stability; tax burden; social responsibility; environmental security; Ukraine;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2024:i:3:p:30-42. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.