№ 5/2017

Fìnansi Ukr. 2017 (5): 110–124

THEORY AND HISTORY OF FINANCES

MАТУЗКА Yaroslav ¹, HORBATIUK Viktoriia

¹PJSC CB “PrivatBank”

Institutional-evolutionary content for the formation of the “new” quality of budgetary institutions

The article explores the institutional and evolutionary aspects of the formation of the “new” quality of budgetary institutions and presents conceptual provisions for managing their effectiveness. An analysis of the content of the formation of the “new” quality of budgetary institutions is carried out regarding the need for a structural approach to transforming the “old” quality of budgetary institutions into a “new” one. In the context of global challenges and austerity of resources, their “new” quality is defined as the emergence of a new institutional and organizational format for public finance. Three models of the construction of the institution of budget relations and the effectiveness of their work are considered. The threats that can arise during the formation of the “new” quality of budget institutions are shown. It is stressed that it is influenced by changes in the institutional, scientific, technical and socio-economic structures and depends on the rules and norms of the budgetary sphere, standards of behavior and stereotypes of managers' thinking, their intuition and values they work on. The conceptual provisions of the evolutionary and revolutionary transformation of the “old” quality of budget institutions into the “new” one are revealed. Necessary measures are identified and justified to ensure the openness of financial and economic activities, the connection of financial information with specific end results of the work of government bodies, the creation of an overall environment for all participants in the budgetary process, organized according to common rules and principles. Approaches to the formation of the overall architecture of the Electronic Budget system and the expected benefits of its implementation are presented. It is proved that during the evolution of budgetary institutions, under conditions of institutional uncertainty, they can make collective decisions regarding new rules of interaction and the creation of their own institutions.

Keywords:budgetary institution, quality institution, institutional maintenance, coordination institute, “new” quality.

JEL: H61.

Mатузка Y. . Institutional-evolutionary content for the formation of the “new” quality of budgetary institutions / Y. Mатузка, V. . HORBATIUK // Фінанси України. - 2017. - № 5. - C. 110-124.

Article original in Ukrainian (pp. 110 - 124)

Download

Downloads :231

1. Bіlorus, O. H. , Yefy`menko, T. І. (Eds.). (2015). Financial globalization and European integration. Ky`yiv: DNNU “Akademіya fіnansovoho upravlіnnya” [in Ukrainian].
2. Varnalіj, Z. S., Buhaj, T. V., & Ony`shhenko, S. V. (2014). The budget process in Ukraine: state and problems of institutional support. Poltava: PoltNTU [in Ukrainian].
3. Gasanov, S. S. (2012). The structural transformation of the economy and public finances: problems of methodology, theory, economic policy. Ky`yiv: DNNU “Akademіya fіnansovoho upravlіnnya” [in Ukrainian].
4. Holubka, S. M. (2013). Institutionalization of the financial sector of Ukraine (historical retrospective). Ky`yiv: DNNU “Akademіya fіnansovoho upravlіnnya” [in Ukrainian].
5. Dany`lenko, A. І. (Ed.). (2010). Fiscal and monetary policy in Ukraine: problems and ways to strengthen relationship. Ky`yiv: DU “Іnsty`tut ekonomіky` ta prohnozuvannya” [in Ukrainian].
6. Yefy`menko, T. І. (2011). Taxes in the institutional system of the modern economy. Ky`yiv: NAN Ukrayiny`, Іnsty`tut ekonomіky` ta prohnozuvannya [in Ukrainian].
7. Yefy`menko, T. І. (2012). Financial science and economic reforms: institutional aspect. Finance of Ukraine, 8, 5-22 [in Ukrainian].
8. Zy`movec`, V. V. (2010). State financial policy of economic development. Ky`yiv: DU “Іnsty`tut ekonomіky` ta prohnozuvannya” [in Ukrainian].
9. Іvashy`na, O. F. (2009). The institutionalization of economic development. Dnіpropetrovs`k: Nauka ta osvіta [in Ukrainian].
10. Kraus, N. M. (2015). The formation of an innovative economy in terms of institutional change. Ky`yiv: CUL [in Ukrainian].
11. Lahutіn, V. D. (2007). Fiscal and monetary policy: coordination in transformational economy. Ky`yiv: KNTEU [in Ukrainian].
12. Leonenko, P. M. (2012). Conceptual and institutional determinants and evolution of financial management strategies. In T. І. Yefy`menko (Ed.). The innovative mechanisms of financial management strategies (pp. 14–53). Ky`yiv: DNNU “Akademіya fіnansovoho upravlіnnya” [in Ukrainian].
13. Nebrat, V. V. (Ed.). (2012). The evolution of market institutions in Ukraine (Vol. 2). Ky`yiv: DU “Іnsty`tut ekonomіky` ta prohnozuvannya” [in Ukrainian].
14. Pavlenko, Yu. V. (2004). History of World Civilization. Philosophical analysis (2nd ed.). Kiev: Feniks [in Russian].
15. Reshety`lo, V. P. (2007). Bifurcative character of the institutional change in the transition socio-economic systems. Economic theory, 4, 49-58 [in Ukrainian].
16. Suprun, N. A. (2009). The evolution of the national model of corporate governance. Ky`yiv: KNEU [in Ukrainian].
17. Starostenko, H. H., Bumakov, Yu. V. (2006). Budgetary system. Ky`yiv: CUL [in Ukrainnan].
18. Chukhno, A. A. (2012). Selected writings (Vols. 1-2). Ky`yiv: DNNU “Akademіya fіnansovoho upravlіnnya” [in Ukrainian].
19. North, D. (2000). Institutions, Institutional Change and Economic Performance. Ky`yiv: Osnovy` [in Ukrainian].
20. Stiglitz, J. E. (2012). The Price of Inequality: How Today's Divided Society Endangers Our Future. New York: W. W. Norton.
21. Cabinet of Ministers of Ukraine. (2006). The concept of the system of executive agencies’ administrative services (Order No. 90-р, February 15). Retrieved from zakon0.rada.gov.ua/laws/show/90-2006-%D1%80 [in Ukrainian].
22. Verkhovna Rada of Ukraine. (2012). About administrative services (Act No. 5203-VI, September 6). Retrieved from zakon3.rada.gov.ua/laws/show/5203-17 [in Ukrainian].
23. Verkhovna Rada of Ukraine. (2003). About social services (Act No. 966-IV, June 19). Retrieved from zakon5.rada.gov.ua/laws/show/966-15 [in Ukrainian].
24. Okhrimenko, G. (2015). Measures to improve the quality of public and municipal finance management. International Scientific Journal Theoretical & Applied Science, Vol.
21., Iss. 1, 64-67 [in Russian].