PUBLIC FINANCE MANAGEMENT

MIARKOVSKY Anatolij

Prospects for improving financial regulation in Ukraine: global challenges

The characteristics of the state of national finances are in the focus of the financial regulation institutions reflecting degree of the public sector stability in particular country, the trends of reducing budget deficit, level of consolidated public debt etc. Improvement of financial regulation, formation of the sustainable financial system model is an important political, economical and managerial task. The main trends in development of the economy of Ukraine and the European Union States for the period of 2010-2013 are examined. Comparative analysis of the revealed trends is provided. The structural economic issues intensify global imbalances that pose a risk to the long-term economic stability. It is determined that the rapid acceleration of global processes in global economy is a result of intensification of the interaction between economic, political and technological factors. The priority areas for father improvement of financial regulation within the medium-term perspective have been substantiated considering the real situation in the economy of Ukraine and taking into account internal and external threats to its financial stability.

Keywords: public finance, state budget, fiscal policy, optimization of budget expenditures, medium-term budget planning, financial system stability, fiscal burden, financial regulation.

JEL: H20, H30, H60, H61

Miarkovsky A. . Prospects for improving financial regulation in Ukraine: global challenges / A. . Miarkovsky // Фінанси України. - 2014. - № 5. - C. 7-19.