№ 1/2022

Fìnansi Ukr. 2022 (1): 7–26https://doi.org/10.33763/finukr2022.01.007

PUBLIC FINANCE MANAGEMENT

MARCHENKO Sergii ¹

¹The Ministry of Finance of Ukraine

Strategic public finance governance: European integration course, international trends, national peculiarities

The experience of public finance management in the EU in the framework of tightly controlled coordination of medium-term fiscal policy and the single monetary policy of the European Monetary Union (EMU) indicates that Strategic Public Finance Governance (SPFG) should be distinguished from the strategy for reforming the public finance management system within the established approaches of Public Finance Management (PFM) as general from special. The Strategic Public Finance Governance Mission (SPFG) is seen as enhancing the government’s financial capacity to respond in a timely and adequate manner to global challenges and threats through coordinated and targeted participation in relevant international activities and programs that correlate with the solution of certain global problems. The mission also includes expanding the fiscal space for public financial support of national sustainable development priorities that meet national interests, the criteria of national security in general and economic, financial, fiscal in particular. This involves the use of both domestic and borrowed (from other countries, international organizations, etc.) financial resources. Nowadays, the PFM approach covers mainly the general government sector. Strategic Public Finance Governance (SPFG) should cover the public sector as a whole. In our opinion, this is the main direction of further European integration reform of the public finance management system in Ukraine.

Keywords:public finance, strategic management, strategic planning, strategic public finance governance, public finance management, public administration, public sector, general government, globalization, fiscal policy, fiscal security, national security

JEL: E60, E62, F36, H10, H60, H80, L32, M10, O23

Marchenko S. . Strategic public finance governance: European integration course, international trends, national peculiarities / S. Marchenko // Фінанси України. - 2022. - № 1. - C. 7-26.

Article original in Ukrainian (pp. 7 - 26)

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