Babichenko Viktor, Doctor of Economics, Associate Professor of the Department of Finance and Accounting, Kremenchuk Mykhailo Ostrohradskyi National University, Kremenchuk, Ukraine

ORCID ID: 0000-0002-3317-6235
e-mail: babichenko17@ukr.net

Ghlukhova Valentyna, PhD (Economics), Associate Professor of the Department of Finance and Accounting, Kremenchuk Mykhailo Ostrohradskyi National University, Kremenchuk, Ukraine

ORCID ID: 0000-0003-3120-9651
e-mail: glukhova710@gmail.com

Kolotij Julija, student, Kremenchuk Mykhailo Ostrohradskyi National University, Kremenchuk, Ukraine

ORCID ID: 0000-0001-6937-6637
e-mail: yulia.kolotii@gmail.com

Analysis of the Formation of the Revenue Base of the State Budget of Ukraine and Assessment of Budget Risks

Abstract. Introduction. The article deals with the budget risks of the revenue part of the State budget of Ukraine and analyzes the possibility of their occurrence at the present stage. The risks of state budget revenues were assessed. The interpretation of the results of the analysis was also provided, on the basis of which the main factors of influence on the final indicator were indicated. The main methods of managing budget risks of income and ways to minimize them were identified: strengthening the fight against the shadow sector of the economy, improving economic forecasting and budget planning, tax administration, strengthening state financial control, achieving transparency of budget revenue management.

Purpose. The aim of the study is to analyze the formation of revenues of the State budget of Ukraine and assessment of budget risks, development of proposals for effective management in order to avoid or minimize the consequences of their negative impact.

Results. The risks of the total state budget were assessed. The interpretation of the results of the analysis was also provided, on the basis of which the main factors of influence on the final indicator were indicated. The main methods of management of budget risks and ways of their minimization of budgetary risks were defined, they should be carried out on the basis of the analysis of budget execution, the revealed budgetary risks for the previous periods, the analysis of the reasons and factors which led to their emergence. It is noted that the main direction of minimizing the risks of execution of budget revenues should be to reduce the impact on them by increasing and expanding the main sources of revenue.

Conclusions. There is no universal method for assessing the impact of risks on the formation of budget revenues, therefore, in the face of uncertainty, it is advisable to have a comprehensive scientifically based approach to identifying, assessing risks, determining their possible consequences and minimizing. Further study of the risks of budget revenues should be carried out in conjunction with other interrelated budget risks, as well as to determine the methods and sources of funding for possible deviations from the planned indicators.

Keywords: budget risk, income, assessment of fiscal risks, to minimize fiscal risks, Government budget.

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