№ 3/2016

Fìnansi Ukr. 2016 (3): 7–14

PUBLIC FINANCE MANAGEMENT

IEFYMENKO Tetiana ¹

¹SESE “Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0002-9163-3959

Fiscal reforms and sustainable development in Ukraine

This article explores necessary changes in the Ukrainian fiscal system based on the UN Sustainable Development Goals and the post-2015 Development Agenda. A brief overview of the financial sector is provided and its objectives are identified. The author explains the importance of fiscal consolidation, discusses challenges in pursuing fiscal reform, and proposes approaches to respond to them in a way that would ensure transparent and effective procedures of budget formulation and execution. Particular consideration is given to external and internal factors hindering the achievement of fiscal stability and sustainable development goals in Ukraine. In this context, the strengthening of sustainability of general government is essential for the development agenda. Fiscal consolidation is recognized as a driver for institutional reforms. The author concludes by emphasizing that it is vital to continue cooperation with the IMF to enhance the positive effects of fiscal consolidation on economic and social development of Ukraine.

Keywords:sustainable development goals, development agenda, sustainability, fiscal system, fiscal reform, fiscal consolidation, public finance.

JEL: H11, H12, O23.

Iefymenko T. . Fiscal reforms and sustainable development in Ukraine / T. . Iefymenko // Фінанси України. - 2016. - № 3. - C. 7-14.

Article original in English (pp. 7 - 14)

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