Dependence of the State of Public Finances on Their Transparency and the Level of Corruption in a Country

• Autorzy: Inna Shkolnyk , Olga Kozmenko , Robert Nowacki , Borys Mershchii
• Języki publikacji: EN

Abstrakty

EN

Creating conditions for the effective formation, distribution and use of public finances, both at the macroeconomic and regional levels, is a key task for public administration. Achievement of high efficiency in this area is determined by many factors. For Ukraine, the most important here are the level of transparency and the level of corruption. Given that the level of transparency is not high enough, and the level of corruption, on the contrary, is high, the existing dependence between the state of public and local finances in Ukraine on the levels of corruption and transparency in the public sector is assessed. Based on the data characterizing the state of public finances at the national level through the indicators of Ukraine's consolidated budget, and at the regional level - through the indicators of local budgets of 22 regions (2010 to 2019) as well as a wide set of other selected factors, the relationship is determined between the corruption level, finance security, the transparency of public sector and the state of public finances at the macroeconomic and local levels. The use of Multiple Indicator - Multiple Cause and Dynamic Multiple Indicator - Multiple Cause models, based on the concept of soft modeling, revealed a significant impact of corruption on changes in Ukraine's consolidated budget expenditures. Besides, the importance of other factors such as economic freedom and conditions created by the state for doing business is established. At the regional level, the dependence of local finances on the level of corruption and transparency was much lower. However, the models used indicated the presence of latent variables with significant influence, which would be the subject of our further research. (original abstract)

Słowa kluczowe

EN

State budget; District budget; Public finance; Public debt; Financial security; Corruption

PL

Budżet państwa; Budżet gminy; Finanse publiczne; Dług publiczny; Bezpieczeństwo finansowe; Korupcja

• Czasopismo: Economics & Sociology
• Rocznik: 2020
• Tom: 13
• Numer: nr 4
• Strony: 281--296

Twórcy

autor

Inna Shkolnyk

• Sumy State University, Ukraine

autor

Olga Kozmenko

• University of Economics and Innovation in Lublin, Poland

autor

Robert Nowacki

• Higher School of Criminology and Penitentiary Science in Warsaw, Poland

autor

Borys Mershchii

• Sumy State University, Ukraine

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Identyfikatory

DOI

10.14254/2071-789X.2020/13-4/18