State budget revenue optimization using the simplex method

• Autorzy: Inna Shkolnyk , Serhiy Kozmenko , Jana Drahosova , Olga Kozmenko , Khaled Aldiwani
• Języki publikacji: EN

Abstrakty

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. (original abstract)

Słowa kluczowe

EN

Public finance; Taxes; Fiscal policy; Mathematical modeling; Econometric modeling

PL

Finanse publiczne; Podatki; Polityka fiskalna; Modelowanie matematyczne; Modelowanie ekonometryczne

• Czasopismo: Journal of International Studies
• Rocznik: 2021
• Tom: 14
• Numer: nr 2
• Strony: 245--266

Twórcy

autor

Inna Shkolnyk

• Sumy State University, Ukraine

autor

Serhiy Kozmenko

• University of Social Science, Lodz, Poland; University of Customs and Finance, Dnipro, Ukraine

autor

Jana Drahosova

• Pan-European University in Bratislava, Slovakia

autor

Olga Kozmenko

• University of Economics and Innovation in Lublin, Poland; Kharkiv National University of Economics, Ukraine

autor

Khaled Aldiwani

• University of Customs and Finance, Dnipro, Ukraine

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Identyfikatory

DOI

10.14254/2071-8330.2021/14-2/16