Uman National University | today: 06/19/2025
| Author(s) |
Bechko P.K., Candidate of Economics, , Uman National University of Horticulture, Ukraine Ptashnyk S., Candidate of Ekonomikal Sciences, , Uman National University of Horticulture Lysa N.V., Candidate of Economics Sciences, , Uman National University of Horticulture, Ukraine Шеін В. В., , , |
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| Category | Economics | ||
| year | 2025 | issue | Випуск 106 Частина 2 |
| pages | 587-595 | index UDK | 336.02:330.34 | DOI | 10.32782/2415-8240-2025-106-2-587-595 (Link) |
| Abstract | The article explores the conceptual and methodological foundations of Ukraine’s financial policy, emphasizing its role as a key instrument for regulating national economic development. In light of military aggression, territorial occupation, and socio-economic instability, Ukraine faces the urgent need for a modernized, balanced financial policy capable of ensuring macroeconomic stability and supporting post-war reconstruction. The authors investigate contradictions between declared financial objectives and actual implementation, underlining the importance of aligning fiscal and monetary instruments with global economic trends and domestic challenges. Through critical analysis of theory and practice, the research identifies deficiencies in Ukraine’s financial system. Existing tax policy is not sufficiently responsive to dynamic conditions and requires reform. Particular focus is given to VAT administration inefficiencies, uncontrolled reimbursements, and the need for a progressive personal income tax. The role of shadow economy and its impact on fiscal capacity is also noted. The methodological basis includes systems analysis, induction, deduction, comparison, and generalization. Economic-statistical tools assess public finance indicators – budget execution, debt sustainability, and fiscal transfers. Expert judgment and logical modeling support policy recommendations. Legislative acts, Ministry of Finance data, and National Bank strategies are reviewed. The evolution of fiscal and monetary policy under war is assessed through international experience. The Maastricht criteria, fiscal compact rules, and the Washington Consensus are referenced. The article highlights the shift from laissez-faire to active state regulation during crises. Key findings confirm the necessity of strategic policy transformation. Priorities include transparency, fiscal discipline, monetary coordination, and institutional resilience to enhance Ukraine’s financial architecture in wartime and beyond. | ||
| Key words | financial policy, monetary (monetary) policy, fiscal (budgetary) policy, pension reform | ||