BUDGET POLICY

BOHDAN Tetiana ¹, BOHDAN Ivan ²

¹NGO “Growford Institute”
OrcID ID : https://orcid.org/0000-0002-6133-5336
²National Bank of Ukraine
OrcID ID : https://orcid.org/0000-0002-1752-0198

Stabilization of fiscal policy and salient features of its application in Ukraine

The main risks for public finances of Ukraine, which stem from international markets volatility, are identified. Main principles and frameworks for counter-cyclical fiscal policy are revealed. The role of fiscal stimulus and fiscal rules in the system of anti-crisis financial governance is highlighted. Main directions of fiscal policy in Ukraine are proposed, such policy is to support an economic activity and minimize the risks of financial instability

Keywords:fiscal policy, stabilization of the economy, fiscal incentives, financial instability, debt sustainability, budget rules.

JEL:

BOHDAN T. . Stabilization of fiscal policy and salient features of its application in Ukraine / T. . BOHDAN, I. . BOHDAN // Фінанси України. - 2012. - № 7. - C. 3-16.