Облік і фінанси (Sep 2024)
Accounting and Analytical Support for the Assessment of Fiscal Policy and Sustainable Development of 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.
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