Martynenko Valentyna, Candidate of Economics, Associate Professor, Deputy Director of the Educational and Scientific Institute of Accounting, Analysis and Audit, University of the State Fiscal Service of Ukraine, Irpin, Ukraine

ORCID ID: 0000-0001-9078-8345
e-mail: martynenkovv@ukr.net

Prerequisites for Modernization of Ukraine’s Fiscal Policy in the Field of Indirect Taxation

Abstract. Introduction. Fiscal policy modernization involves finding ways to improve it and make the necessary changes to ensure the sustainability of public finances. It creates the preconditions for macroeconomic growth in the face of globalization and regional challenges, as well as new developments in the financial, economic and social spheres. As the main budget-forming taxes of the state budget in Ukraine are indirect, the prerequisites for modernizing Ukraine’s fiscal policy in the field of indirect taxation are timely.

Purpose. The purpose of the study is to develop prerequisites for the modernization of Ukraine’s fiscal policy in the field of indirect taxation, taking into account the influence of factors of development of the national economy.

Results. The indicators of the national economy development, which have the greatest influence on the revenues from indirect taxes to the state budget, are selected. The economic and mathematical modeling of the impact of gross value added on the value added tax revenues, the impact of the output of goods and services on the volume of excise tax revenues, and the impact of imports of goods and services on the import duties. Degree models of formalization of influence of indicators of development of national economy on revenues from indirect taxes to the state budget were obtained, which were used to develop prerequisites for modernization of fiscal policy in the field of indirect taxation.

Conclusions. Therefore, in order to ensure a steady increase in revenues from indirect taxes to the state budget, within the framework of fiscal policy implementation, it is necessary to keep the current trends in the dynamics of gross value added, production and import of goods and services. Prospects for further exploration of the author will be predictive models of tax revenues to the budget, taking into account the factors of development of the national economy.

Keywords: modernization; fiscal policy; indirect tax; development of the national economy; taxation; state budget.

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