PERSPECTIVES FOR MANAGING BUDGETARY FUNDING IN UKRAINE

Abstract

The article argues that at the current stage of development of the Ukrainian economy with insufficient availability of budget funds, the issue of filling and increasing revenues of the Ukrainian budget is becoming more and more acute as the expenditures of the state increase with each passing year. Budget revenues are understood as a set of economic relations that arise between different actors (state, legal entities and individuals) regarding the formation of a part of the financial resources of the budget in the form of taxes, duties and other obligatory payments and transfers necessary for the socioeconomic development of society. It is substantiated that a significant element of the management system for the formation of budget resources is the implementation of budget revenues. Plan-ning and creating the optimal amount of budget funds to ensure sustainable financing of secured budget expenditures are the main criteria for effective budget management in the system of state regulation. It is proved that the level of budgetary discipline is low regarding the implementation of consolidated, state and local budgets of Ukraine. There was an urgent need to improve the management of state budget revenue planning. The transition to mediumterm budget planning in Ukraine should provide a strategic approach to the definition of priority measures and an appropriate allocation of budgetary resources. It is proposed to introduce into the scientific terminology and define the concept of management of budget revenues is a set of administrative actions of authorized bodies that, using a set of interrelated functions, methods, principles and techniques, control the planning, forecasting and budgeting of funds in order to ensure efficient and transparent management of budget revenues. In turn, it will contribute to proper budget planning and compliance with the overall fiscal discipline in the medium term. The algorithm of modern management of budget revenues and its stages are elaborated (I – planning and forecasting budget revenue management; ІІ – management of budget execution on incomes (revenue administration; accounting and reporting on the implementation of the budget revenue part; control over income at all stages of the budget process; ІІІ – management of drawing up and approval of the report on budget execution on income).