State budget revenue optimization using the simplex method
Ładowanie...
Data
2021
Inny tytuł
Typ
Artykuł recenzyjny
Redaktor
dc.contributor.advisor
Dyscyplina PBN
Ekonomia i finanse
Czasopismo lub seria
Journal of International Studies
ISSN
2071-8330
2306-3483
2306-3483
ISBN
DOI
10.14254/2071-8330.2021/14-2/16
Strona internetowa
Wydawca
Wydawca
Wydanie
Numer
Strony od-do
Tytuł monografii
item.page.defence
Tytuł tomu
Opis
Rodzaj licencji
Abstrakt (en)
State budget revenue generation is the result of the implementation of fiscal
policy and the basis for effective government performance. Given that the
approaches to generating state budget revenues vary significantly between
different countries in terms of the structure of tax revenues and their ratio to
non-tax revenues, there is no unified optimal ratio. The article focuses on the
study of this issue in Ukraine. Since Ukraine is trying to bring its financial system
and, in particular, public finance, as close as possible to the standards and norms
of the European Union, it is interesting to model the optimal structure of budget
revenues based on the analysis of state revenues in the EU countries. In the article
authors suggest the ways to optimizes Ukraine’s state budget revenues using the
simplex method, which is based on the use of data on their 2007–2019 structure.
The main guideline in determining the limits of their optimal volume is the
practice of forming national revenues in 25 EU countries over the same period.
An additional justification for determining the optimal structure was the use of
regression analysis, the results of which were applied to determine the nature and
strength of the functional relationships between the income structure and the
integral coefficient of structural changes in GDP. Half of the items turned out
to have a direct impact, while the other half had a reverse impact on the GDP
structure by type of economic activity. Comparison of the obtained optimal
values of individual income items with their actual values made it possible to
substantiate that the share of internal taxes on goods, services, property and
business taxes, as well as an increase in rent payments, needs to be revised
upward. In the future, this will require a revision of the regulatory framework for
specified taxes and the mechanism for their administration.